Feb 7, 2019

Treasury misses deadline to hand over documents on Deripaska sanctions

Treasury Secretary Steve Mnuchin and House Financial Services chair Maxine Waters. Photos: Eitan Abramovich; Pete Marovich via Getty Images

The Treasury Department missed a Tuesday deadline to hand over documents to the House Financial Services Committee explaining its decision to ease sanctions on companies owned by Russian oligarch Oleg Deripaska, Politico reports.

The big picture: The Trump administration's decision to drop sanctions on companies owned by Deripaska, an ally of Vladimir Putin and former employer of Paul Manafort, drew bipartisan ire from lawmakers last month. Financial Services chair Maxine Waters spoke to Treasury Secretary Steve Mnuchin Wednesday in an effort to find a "mutually agreeable date" for him to testify before the committee, a Treasury spokesperson told Politico. Mnuchin declined an offer to do so next week, but may face a subpoena if he continues to resist.

Go deeper: Listening for whispers in the court of Putin

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 952,171 — Total deaths: 48,320 — Total recoveries: 202,541Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 216,722 — Total deaths: 5,137 — Total recoveries: 8,672Map.
  3. Stimulus updates: Social Security recipients won't need to file a tax return to receive their checks.
  4. Jobs update: 6.6 million people filed for unemployment last week, a staggering number that eclipses the record set on March 26.
  5. Health updates: The Trump administration won't reopen enrollment for ACA marketplaces this year.
  6. National updates: The Grand Canyon closed after a resident tested positive for coronavirus.
  7. World update: Israeli Prime Minister Benjamin Netanyahu re-entered self-quarantine after his health minister tested positive for coronavirus.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

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The weirdest NBA draft ever

Table: Axios Visuals

The 2020 NBA draft was already shaping up to be the weirdest draft in years, and now that the coronavirus pandemic has disrupted the sports world, it could be the weirdest draft ever.

Why it matters: While most drafts have a clear hierarchy by the time April rolls around, this draft does not. There's no reliable No. 1 pick, almost every top-10 prospect has a glaring weakness and the global sports hiatus has shrouded the whole class in mystery.

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Jobless claims spike to another weekly record amid coronavirus crisis

Data: U.S. Labor Department via FRED; Chart: Andrew Witherspoon/Axios

6.6 million people filed for unemployment last week, a staggering number that eclipses the record set just days ago amid the coronavirus pandemic, according to government data released Thursday.

Why it matters: Efforts to contain the outbreak are continuing to create a jobs crisis, causing the sharpest spikes in unemployment filings in American history.