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Andrew Harnik / AP

When Nancy Pelosi walked into her office dining room yesterday, CNBC's John Harwood called out, "Look, it's the big loser from the healthcare debate." Harwood was mocking President Trump's unconvincing claim that Democratic leaders Pelosi and Chuck Schumer were the real losers of last week's Republican healthcare fiasco.

Pelosi laughed at Harwood's joke. She said she'd read a newspaper headline that called Trump the "closer" but the 'c' was obscured by the fold. Over a lunch of chicken and avocado sandwiches, with about a dozen reporters, her mood ranged from happy to jubilant.

Bottom line: Pelosi is in a good place. She's got more leverage than she did a week ago and knows how she'll use it. House Republican leaders face a government funding crisis at the end of April and they may need Pelosi's help to pass the bill. And Trump, after failing with his Republican-only health care strategy, now wants Democrats to help him reform the tax code.

Here's what Pelosi told us:

  • She's willing to use her leverage to extract major concessions from Republicans who may need her to support their CR — the bill that funds the government — or, later in the year, the debt ceiling.
  • One way she'll use that leverage: she won't let Republicans do anything to damage the Affordable Care Act, such as cutting the payments to insurers in Obamacare marketplaces.
  • She wants Trump to move quickly on a "big jobs bill" that includes some corporate and middle income tax cuts coupled with government spending to stimulate growth.
  • But she's demanding the infrastructure spending happens on her terms. She told Trump she won't support a "tax bill disguised as an infrastructure bill." Translation: she won't back a Republican bill that spurs infrastructure development by offering tax breaks to investors. She wants the government to spend real money building everything from roads and bridges to broadband networks.
  • She thinks lowering prescription drug prices is an immediate area where Democrats can find common ground with President Trump.

Go deeper

Texas urges Supreme Court to leave abortion ban in place

Photo: Emily Elconin/Bloomberg via Getty Images

Texas on Thursday asked the Supreme Court to keep in place a law that bans abortions after an embryo's cardiac activity is detected, which can be as soon as six weeks and before many people know they are pregnant.

Driving the news: Texas Attorney General Ken Paxton is asking the high court to ignore the Justice Department's emergency request that they temporarily block the law while federal courts consider its constitutionality since it "lacks standing because it has not been injured by SB 8."

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Meme stonks lose their appeal to the world of crypto

Data: Cardify; Chart: Axios Visuals

That sucking sound you hear is the outflow of meme-chasing dollars from the stock market.

Why it matters: The caravan has moved on. The dream of getting rich quick still lives, but today it's more often found in the world of crypto, NFTs or even sports betting than it is in the stock market.

Latinas who brew seek to shake craft beer industry

A server at Mujeres Brew House in San Diego rings up a customer in front of a selection of craft beers. Photo: Russell Contreras/Axios

Independent craft brewers are popping up in cities across the country, and a small but growing number of them are Latina-owned or run by a Latina head brewer.

The big picture: Latinas are opening up independent craft breweries from California to Colorado as Latina-owned small businesses continue to be one of the fastest-growing segments of the economy despite a lack of venture capital.