Axios PM

August 11, 2025
🌇 Good afternoon! Today's newsletter, edited by Natalie Daher, is 689 words, a 2.5-min. read. Thanks to Sheryl Miller for copy editing.
🚨Situational awareness: President Trump stopped short of directly endorsing Israel's plans to attack and occupy Gaza City in a brief phone interview today with Axios' Barak Ravid.
- Trump said Israel must decide what to do next and whether to allow Hamas to remain in Gaza — but that in his opinion, "They can't stay there." Go deeper.
1 big thing: Trump's D.C. "Liberation Day"

President Trump announced today that he's seizing control of D.C.'s police force and deploying the National Guard into the city.
- Why it matters: It's a major escalation of a federal crackdown already underway in the nation's capital as Trump targets crime in the District following the assault of a former DOGE staffer, Axios D.C. co-author Mimi Montgomery reports.
The White House is casting the moves as "Liberation Day" in D.C.
- "We're going to take our capital back," Trump said at his press conference.

800 National Guard members are being called to D.C., Trump said, adding that he may bring in the military "if needed."
- Attorney General Pam Bondi will assume control of the city's police.
- And the Trump administration is removing homeless encampments from parks in the city.
Between the lines: The D.C. Guard is the country's only National Guard unit reporting exclusively to the president.
- Trump can temporarily take over D.C.'s Metropolitan Police Department — which includes more than 3,000 sworn members — for up to 30 days under the city's Home Rule Act. It's the first time a president has invoked the provision.


Trump has called D.C. "one of the most dangerous cities anywhere in the world."
- Reality check: Violent crime has been trending down in D.C. for the second straight year.
Go deeper: What to know about Trump's long, contentious relationships with D.C. leadership.
2. 💰The big number

President Trump and his family stand to net around $3.4 billion by the end of his second term, David Kirkpatrick reports for The New Yorker in a piece out today, "The Number."
- Why it matters: No U.S. president has monetized the highest office in the land quite like this.
🎁 "Many payments now flowing to Trump, his wife, and his children and their spouses would be unimaginable without his Presidencies," Kirkpatrick writes.
- Trump and his family have been profiting from crypto ventures, five mega-projects in the Persian Gulf, luxury gifts, MAGA merch, exclusive club fees and more.
Estimates of Trump's personal wealth have ranged from $5 billion to $10 billion. But the true bottom-line profit from his presidential term remains unknown.
3. Catch me up

- 🌏 President Trump suggested he's ready to hear Russian President Vladimir Putin's proposals for ending the war in Ukraine and who gets what parts of Ukraine. Trump said he'd "try to get some ... territory back for Ukraine." Go deeper.
- 🇨🇳 Trump will extend the China tariff truce that expires tomorrow for another 90 days, a White House official told CNBC.
- ⚖️ The Justice Department bid to unseal grand jury transcripts in Ghislaine Maxwell's sex trafficking case was rejected. A federal judge dismissed the idea that unsealing the materials would reveal "meaningful new information" as "demonstrably false." Go deeper.
- 🥊 Paramount bought exclusive media rights to UFC in a $7.7 billion, seven-year deal starting in 2026. It's the first major deal since Paramount's $8 billion merger with Skydance — and eliminates the pay-per-view model currently used by ESPN in its deal with UFC. Go deeper ... Read the announcement.
4. 🪦 1 for the road: You've got... no connection
🔌 AOL is pulling the plug on its dial-up internet service on Sept. 30.
- Yes, it was still running!
By the numbers: The service, which launched in 1991, drastically lost users after its heyday. Its subscribers dropped from more than 20 million in the early 2000s to around 2.1 million in 2015.
- At least 265,000 people in the U.S. still used dial-up in 2019, census data shows.
🖥️ Between the lines: Some people simply never left AOL, whether because of cost, nostalgia or living in rural areas without access to broadband.
- If you loved the screeching sounds of a dial-up modem, pour one out.
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