Jan 11, 2018

Mnuchin defends Davos trip: not a "hangout for globalists"

Treasury Secretary Steve Mnuchin. Photo: Nicholas Kamm / AFP via Getty Images.

Treasury Secretary Steve Mnuchin announced Thursday that he will be leading the economic delegation for President Trump at the World Economic Forum in Davos. He added that several Cabinet members will also be joining him.

Some critics have said Trump's attendance could be viewed as out of step with his message of "economic populism." Mnuchin defended his boss, stating that it isn't "a hangout for globalists" and that the U.S. will be there to push its America First agenda.

More from Mnuchin:

  • Cabinet's presence in Davos: Cabinet member have "no interest in going over there and rubbing elbows with anybody. ... This trip is all business."
  • He said the Treasury Department and IRS have released new withholding tables for employers, meaning workers and their families "will receive larger paychecks starting in February": "We're estimating that 90% of workers will see an increase in take-home pay."
  • Mnuchin thanked Walmart for its earlier announcement on wage increases, employee bonuses, and expanded benefits, citing GOP tax cuts. He did not mention that Walmart also announced it's closing 63 of its Sam's Club stores.
  • NAFTA: "We expect that will be re-negotiated, or we'll pull out."
  • Iran sanctions: "The president has been very clear that there are aspects of the Iran deal that need to be changed … we have as many sanctions on Iran today as we have on any other country."

Go deeper

Updated 18 mins ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

The number of deaths from the novel coronavirus surpassed 400,000 worldwide on Sunday morning, per Johns Hopkins.

By the numbers: Almost 6.9 million people have tested positive for COVID-19 worldwide and more than 3 million have recovered from the virus. The U.S. has reported the most cases in the world with over 1.9 million.

George Floyd updates

Protesters gather north of Lafayette Square near the White House during a demonstration against racism and police brutality, in Washington, D.C. on Saturday evening. Photo: Jose Luis Magana/AFP via Getty Images

Tens of thousands of demonstrators have been rallying in cities across the U.S. and around the world to protest the killing of George Floyd. Huge crowds assembled in Washington, D.C., Philadelphia and Chicago for full-day events on Saturday.

Why it matters: Twelve days of nationwide protest in the U.S. has built pressure for states to make changes on what kind of force law enforcement can use on civilians and prompted officials to review police conduct. A memorial service was held for Floyd in Raeford, North Carolina, near where he was born. Gov. Roy Cooper ordered all flags to fly at half-staff to honor him until sunset.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 6,898,613 — Total deaths: 399,832 — Total recoveries — 3,087,714Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 1,920,061 — Total deaths: 109,802 — Total recoveries: 500,849 — Total tested: 19,778,873Map.
  3. Public health: Why the pandemic is hitting minorities harder — Coronavirus curve rises in FloridaHow racism threatens the response to the pandemic Some people are drinking and inhaling cleaning products in attempt to fight the virus.
  4. Tech: The pandemic is accelerating next-generation disease diagnostics — Robotics looks to copy software-as-a-service model.
  5. Business: Budgets busted by coronavirus make it harder for cities to address inequality Sports, film production in California to resume June 12 after 3-month hiatus.
  6. Education: Students and teachers flunked remote learning.