House Speaker Nancy Pelosi (D-Calif). Photo: Bill Clark/CQ Roll Call

House Speaker Nancy Pelosi asked President Trump in a letter Wednesday to hold off on his State of the Union address on Jan. 29 until after the government shutdown is resolved, or to submit his speech in writing instead.

The big picture: Citing furloughs in the Department of Homeland Security and in the Secret Service, Pelosi said the State of the Union demands "weeks of detailed planning" and cannot guarantee the safety of those present "with critical departments hamstrung by furloughs." Later Wednesday, Homeland Security Secretary Kirstjen Nielsen tweeted that DHS and the Secret Service are "fully prepared to support and secure the State of the Union."

Go deeper: All the ways Americans are feeling the effects of the shutdown

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.