Paul Ryan boasted Thursday morning about how confident he is in the GOP's new tax plan. Photo: J. Scott Applewhite / AP

Speaker Paul Ryan said Sunday that repealing the Affordable Care Act's individual mandate as part of tax reform is currently on the table. The move, as Fox News Sunday's Chris Wallace said, would reduce the impact of the bill on the deficit by about $400 billion. It could also completely destabilize the insurance market.

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Dan Primack, author of Pro Rata
34 mins ago - Economy & Business

The SPAC boom is starting to crack

Illustration: Aïda Amer/Axios

The SPAC boom is beginning to show its first cracks, as several private equity-sponsored efforts have needed to downsize.

Driving the news: Cerberus yesterday shrunk the anticipated IPO for its telecom-focused SPAC from $400 million to $300 million.

37 mins ago - Technology

Reports: Justice Department to file suit against Google

Illustration: Aïda Amer/Axios

The Justice Department will unveil its long-awaited antitrust lawsuit against Google today, according to reports in the Wall Street Journal and other outlets, charging the company with abusing a monopoly position in search and search advertising.

Details: Justice Department lawyers are expected to outline their monopoly case against the search giant in a call with reporters Tuesday morning.

Ben Geman, author of Generate
57 mins ago - Energy & Environment

The U.S.-China climate rupture

Illustration: Sarah Grillo/Axios

Well that, as Ron Burgundy would say, escalated quickly. China's foreign ministry is accusing the Trump administration of "major retrogression" on climate and being an environmental "troublemaker."

Why it matters: China's unusual statement Monday widens the rupture between the world's largest carbon emitters as global climate efforts are flagging and the pandemic's effect on emissions is too small to be consequential in the long term.