Carolyn Kaster / AP

Treasury Secretary Steven Mnuchin said on "Fox News Sunday" that he plans to draft a new sanctions package for President Trump's "strong consideration" after North Korea's nuclear weapons test on Saturday night.

He said the package will be such that if a company in China or elsewhere wants to do business with North Korea, it won't be able to do business with the U.S.

  • "I did speak with the president, and it's clear that this behavior is completely unacceptable."
  • "There's a lot we can do to cut them off economically, much more than we've done already."
  • On the possibility of ending the South Korea trade deal, Mnuchin noted the trade imbalance and the fact that the U.S. provides substantial military assistance to South Korea, but said no decision had been made beyond wanting to re-negotiate the deal.
  • On possible military action: "I think the president made it clear that he'll consider everything but we are not going to broadcast our actions."

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5 hours ago - World

China-Iran deal envisions massive investments from Beijing

Illustration: Aïda Amer/Axios

China and Iran have negotiated a deal that would see massive investments flow into Iran, oil flow out, and collaboration increase on defense and intelligence.

Why it matters: If the proposals become reality, Chinese cash, telecom infrastructure, railways and ports could offer new life to Iran’s sanctions-choked economy — or, critics fear, leave it inescapably beholden to Beijing.

Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

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  2. U.S.: Total confirmed cases as of 7 p.m. ET: 3,353,348— Total deaths: 135,524 — Total recoveries: 1,031,856 — Total tested: 40,282,176Map.
  3. World: WHO head: There will be no return to the "old normal" for foreseeable future — Hong Kong Disneyland closing due to surge.
  4. States: Houston mayor calls for two-week shutdownCalifornia orders sweeping rollback of open businesses — Cuomo says New York will use formula to determine if reopening schools is safe.
  5. Education: Los Angeles schools' move to online learning could be a nationwide tipping point.

House Judiciary Committee releases transcript of Geoffrey Berman testimony

Geoffrey Berman. Photo: Alex Wong/Getty Images

The House Judiciary Committee on Monday released the transcript of its closed-door interview with Geoffrey Berman, the former top federal prosecutor in Manhattan who was forced out by Attorney General Bill Barr last month.

Why it matters: House Democrats have seized on Berman's testimony, in which he claimed the attorney general sought to "entice" him into resigning so that he could be replaced by SEC chairman Jay Clayton, to bolster allegations that the Justice Department has been politicized under Barr.