Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Hurd listens to testimony about 'deepfakes' on June 13, 2019. Photo: Chip Somodevilla/Getty Images

Rep. Will Hurd (R-Tex.) announced on Thursday that he will not seek reelection in his swing district.

Why it matters: Hurd is the only black Republican in the House, and the third Texas Republican to retire this week. He has been known to occasionally criticize President Trump, most recently over the president's racist tweets against 4 Democratic congresswomen of color, per the Washington Post.

  • Hurd's former district includes 820 miles along the U.S.-Mexico border, making him the only GOP member of Congress to represent the southern border. He denounced Trump’s border wall proposition, describing it as a “third-century solution to a 21st-century problem,” according to the Post.

What's next: Hurd intends to move forward in his career to "solve problems at the nexus between technology and national security." He has been a longtime advocate of using technology to advance national security, including AI, quantum computing and cybersecurity.

  • Our thought bubble, per Axios' Joe Uchill: This leaves a gap in nuts and bolts tech understanding that the House already lacks.

His departure is the ninth by a Republican incumbent, heightening the stakes for the GOP to recapture control of the House in 2020.

Go deeper: Rep. Martha Roby won't seek re-election, as GOP faces dwindling number of women in the House

Go deeper

2 hours ago - Politics & Policy

Rahm Emanuel floated for Transportation secretary

Rahm Emanuel. Photo: Joshua Lott for The Washington Post via Getty Images

President-elect Biden is strongly considering Rahm Emanuel to run the Department of Transportation, weighing the former Chicago mayor’s experience on infrastructure spending against concerns from progressives over his policing record.

Why it matters: The DOT could effectively become the new Commerce Department, as infrastructure spending, smart cities construction and the rollout of drone-delivery programs take on increasing economic weight.

2 hours ago - Politics & Policy

Biden turns to experienced hands for White House economic team

Illustration: Sarah Grillo/Axios

Joe Biden plans to announce Cecilia Rouse and Brian Deese as part of his economic team and Neera Tanden to head the Office of Management and Budget, sources tell Axios.

Why it matters: These are experienced hands. Unveiling a diverse group of advisers also may draw attention away from a selection of Deese to run the National Economic Council. Some progressives have criticized his work at BlackRock, the world's largest asset management firm.

Biden taps former Obama communications director for press secretary

Photo: Mark Makela/Getty Images

Jen Psaki, who previously served as Obama's communications director, will serve as President-elect Joe Biden's press secretary, the transition team announced Sunday.

The big picture: All of the top aides in Biden's communication staff will be women, per the Washington Post, which first reported Psaki's appointment.