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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

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: DACA was implemented under former President Obama, but President Trump has sought to undo the program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting applications starting Monday and guarantee that work permits are valid for two years.

Updated 55 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci says he accepted Biden's offer to be chief medical adviser "on the spot" — The recovery needs rocket fuel.
  2. Health: CDC: It's time for "universal face mask use" — Death rates rising across the country — Study: Increased testing can reduce transmission.
  3. Economy: U.S. economy adds 245,000 jobs in November as recovery slows — America's hidden depression: K-shaped recovery threatens Biden administration.
  4. Cities: Bay Area counties to enact stay-at-home order ahead of state mandate
  5. Vaccine: What vaccine trials still need to do.
  6. World: UN warns "2021 is literally going to be catastrophic"
  7. 🎧 Podcast: Former FDA chief Rob Califf on the vaccine approval process.
2 hours ago - Health

Bay Area counties to enact stay-at-home order ahead of state mandate

Golden Gate Park. Photo: Justin Sullivan via Getty

Counties around the San Francisco Bay Area will adopt California’s new regional stay-at-home order amid surges in cases and ICU hospitalizations, health officials said Friday.

The big picture: California Gov. Gavin Newsom announced a three-week stay-at-home order on Thursday that would go into effect in regions with less than 15% ICU capacity. Despite the Bay Area’s current 25.3% ICU capacity, health officials from Alameda, Contra Costa, Marin, Santa Clara, San Francisco and the city of Berkeley are moving ahead with a shelter-in-place mandate in the hopes of reducing risk.