Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Want a daily digest of the top Nashville news?
Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.
Want a daily digest of the top Columbus news?
Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.
Want a daily digest of the top Dallas news?
Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Treasury Secretary Steve Mnuchin said today that the White House is hoping tax reform can rally bipartisan support, but "if we can't get 60 votes we're prepared to use reconciliation to get it done... tax reform is Trump's number one priority."
At CNBC's Institutional Investor Delivering Alpha conference Tuesday morning Mnuchin also said he isn't sure the administration will be able to get the corporate tax rate down to 15%, as President Trump has vowed to do, given budget issues, but said they will get it lower. Meanwhile, he's "incredibly hopeful" they'll pass tax legislation by the end of the year.
Other takeaways:
- On his relationship with Trump: "I feel comfortable telling him my ideas on things... he doesn't always agree... but I work for him."
- On CEOs ditching Trump's business councils: "I personally think it was a mistake that the councils were disbanded." A Treasury Department spokesman later emailed Axios to say Mnuchin was referring to CEOs quitting councils due to disagreements, not to President Trump's decision to disband the councils.
- Trump's debt ceiling deal with Democrats: "I give the president a lot of credit. We were in the middle of two hurricanes, we needed to get money to the states... he got out there and showed the American public we can put politics aside."
- Hurricanes Harvey and Irma: "There clearly is going to be an impact on GDP in the short run," said Mnuchin, adding that the first round of aid was only a "down payment... we'll see what we need to spend."
- Fed chair changes: Mnuchin dodged questions over whether Gary Cohn is being considered. Instead said the president hasn't made any decisions, but Janet Yellen "is being considered."
- Health care reform: "The president still very much wants to get health care done. It's not the major focus at the moment."