Pablo Martinez Monsivais / AP

Treasury Secretary Steven Mnuchin told "Fox News Sunday" that Congress must tie Harvey recovery funding to a clean debt ceiling rise, or else the money intended for Harvey might not arrive.

"Prior to Harvey I've said, you know, we have enough funding to go through the end of September... with Harvey its moved the situation up earlier," he said.

  • On whether Trump's threat to shut down the government over the border wall is out the window: "I can't really comment on if it's out the window or not out the window," but priority now is Harvey.
  • On whether tax reform will blow a hole in the national debt: "We want to make sure we can pay for things, but the way we're going to pay for things is with economic growth." He said he thinks growth will likely be higher than the models predict.
  • So will it be revenue neutral? "What we've said is we believe in dynamic scoring."

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Updated 4 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Axios-Ipsos poll: Federal response has only gotten worse — The swing states where the pandemic is raging.
  2. Health: The coronavirus is starting to crush some hospitals — 13 states set single-day case records last week.
  3. Business: Winter coronavirus threat spurs new surge of startup activity.
  4. Media: Pandemic causes cable and satellite TV providers to lose the most subscribers ever.
  5. States: Nearly two dozen Minnesota COVID cases traced to 3 Trump campaign events.
  6. World: Unrest in Italy as restrictions grow across Europe.

Ted Cruz defends GOP's expected return to prioritizing national debt

Sen. Ted Cruz (R-Texas) told "Axios on HBO" on Monday that he wishes reining in the national debt was a higher priority for President Trump.

Why it matters: Trump pledged during the 2016 campaign to reduce the national debt and eliminate it entirely within eight years, though he also deemed himself "the king of debt" and said there were some priorities that required spending. In the fiscal year that ended in September, the deficit reached a record $3.1 trillion.

Federal judge blocks DOJ from defending Trump in Carroll rape defamation case

E. Jean Carroll in Warwick, New York. Photo: Eva Deitch for The Washington Post via Getty Images

A federal judge on Tuesday dismissed the Justice Department's attempted intervention on behalf of President Trump in writer E. Jean Carroll's defamation lawsuit against him, after she accused him of raping her in a dressing room in the mid-1990s.

Catch up quick: The agency argued that Trump was "acting within the scope of his office" as president when he said in 2019 that Carroll was "lying" about her claim.