Feb 11, 2018

Mulvaney "probably" wouldn't have voted for "dangerous" budget bill

Erica Pandey, author of @Work

Mulvaney at the Capitol. Photo: Pete Marovich / Getty Images

White House budget chief Mick Mulvaney said on CBS's Face the Nation Sunday that the tw0-year budget bill — passed by Congress and signed into law by President Trump — is "dangerous" and explodes the deficit. He said he would "probably not" have voted for it as a congressman, but added, "We need more money to defend the nation against things like the threats from the North Koreans."

The backdrop: The government shut down for about 5 hours early Friday morning after Sen. Rand Paul filibustered to delay the vote on the bill over the expansion of the deficit.

Go deeper

The biggest crisis since 1968

Illustration: Aïda Amer/Axios. Photo: Bettmann/Contributor

The year 1968 has been on a lot of people’s minds lately — another year of protests, violence and upheaval that seemed to be tearing the nation apart.

Yes, but: This crisis also has moments we’ve never seen before — and some historians and experts say the differences suggest that 2020 doesn't compare well at all.

SoftBank to launch $100M fund backing companies led by people of color

Illustration: Aïda Amer/Axios

SoftBank COO Marcelo Claure said in a letter to employees early Wednesday that the firm will create a $100 million fund that "will only invest in companies led by founders and entrepreneurs of color."

Why it matters: The Opportunity Growth Fund is one of the first to put significant capital behind companies' statements of empathy and outrage in response to protests over systemic racism in the U.S. typified by the killings of George Floyd, Breonna Taylor and other African Americans by police.

Coronavirus hospitalizations keep falling

Data: COVID Tracking Project, Harvard Global Health Institute; Note: Alabama, Florida, Hawaii, Idaho, Kansas, Nebraska, Tennessee and Puerto Rico have not reported hospitalizations consistently. Chart: Andrew Witherspoon/Axios

The number of people hospitalized with COVID-19 continues to decline, particularly in New York and other northeastern states that were among the hardest hit by the virus.

Yes, but: Some states are still recording stagnant or rising amounts of hospitalizations.