Evan Vucci)/AP

Treasury Secretary Steve Mnuchin is hard at work on the Trump Administration's tax plan, which he says could come by August, according to interviews Thursday with the Wall Street Journal and CNBC. Mnuchin says that tax reform, along with other Trump policies, can move the U.S. back to its postwar average of sustained 3% growth. But given a slower-growing population and recent weak productivity growth, economists are skeptical that such a goal is realistic.

The most important thing: Mnuchin tells CNBC that the Administration's economic growth projections will diverge from the Congressional Budget Office's, setting the stage for conflict over the future effects of tax reform. Current Senate rules dictate that to use the budget reconciliation process — which would enable tax reform to be passed with 51 votes — a bill must be at least deficit neutral over 10 years. How optimistically the CBO and the Joint Economic Committee projects the effect of Trumps policies on growth and therefore tax receipts will be a decisive factor in the composition of tax reform.

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Trump says TikTok will be banned if not sold by Sept. 15, demands cut of sale fee

President Trump said Monday that TikTok will be shut down in the U.S. if it hasn't been bought by Microsoft or another company by Sept. 15, and claimed that the U.S. Treasury should get "a very substantial portion" of the sale fee.

Why it matters: Trump appears to have backed off his threat to immediately ban TikTok after speaking with Microsoft CEO Satya Nadella, who said Sunday that the company will pursue discussions with TikTok’s Chinese parent company ByteDance to purchase the app in the U.S.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 18,147,574 — Total deaths: 690,573 — Total recoveries — 10,753,815Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 4,687,828 — Total deaths: 155,062 — Total recoveries: 1,468,689 — Total tests: 56,812,162Map.
  3. Politics: White House will require staff to undergo randomized coronavirus testing — Pelosi says Birx "enabled" Trump on misinformation.
  4. Business: Virtual school is another setback for retail — The pandemic hasn't hampered health care.
  5. Public health: Former FDA chief says MLB outbreaks should be warning sign for schools.

Filing suggests Manhattan DA is investigating Trump for possible fraud

Photo: Brendan Smialowski/AFP

The Manhattan District Attorney's office suggested for the first time Monday that it's investigating President Trump and his company for "alleged bank and insurance fraud," the New York Times first reported.

The state of play: The disclosure was made in a filing in federal court that seeks to force accounting firm Mazars USA to comply with a subpoena for eight years of Trump's personal and corporate tax returns.