President Trump's approval rating fell to a new second-term low in polling released Monday.
Why it matters: Economic discontent drove Trump's re-election, but his failure to temper inflation and the fallout of the Iran war have turned voters against him.
President Trump settledhis $10 billion lawsuit against the IRS on Monday in exchange for a $1.776 billion fund to compensate those who claim they were targets of government "weaponization."
Why it matters: The fund creates an unprecedented, taxpayer-backed mechanism to compensate peoplewho claim they were wrongfully targeted, potentiallyincluding Jan. 6 defendants.
Sen. Thom Tillis (R-N.C.) has told his colleagues in unequivocal terms that he will not vote for the budget reconciliation bill if the Senate considers it this week, according to two people familiar with the matter.
Why it matters: Tillis' firm opposition to the bill in its current form, which he blasted to his GOP colleagues in an email this morning, threatens its passage in the Senate this week.
Iran has given an updated proposal for a deal to end the war, but the White House believes it isn't a meaningful improvement and is insufficient, a senior U.S. official and a source briefed on the issue told Axios.
Why it matters: U.S. officials say President Trump wants a deal to end the war but is considering resuming it due to Iran's rejection of many of his demands and refusal to make meaningful concessions on its nuclear program.
The tech and AI infrastructureindustries are stepping up efforts to challenge the narrative that consumers are getting stuck with the bill for data center growth.
Why it matters:New analysis arguing the AI boom hasn't hit household budgets arrives amid a backlash to huge data centers.
Government bond yields around the world, including in the U.S., are hitting multi-decade highs as investors price in higher for longer inflation due to the Iran war.
Why it matters: The interest rates, or yields, that governments pay on their debt can drive the global economy — when rates are low, countries can spend more freely and drive economic growth.
Senate health committee chair Bill Cassidy's defeat in Louisiana's GOP primary on Saturday could complicate Trump administration's efforts to fill top positions at the Food and Drug Administration and Centers for Disease Control and Prevention and the surgeon general post.
In the long term, it opens the door for a new committee chair if Republicans hold the Senate in November, or a new ranking member if they don't.
Antisemitism is so resurgent in U.S. politics that some of the worst hate speech you've ever heard has become a part of day-to-day life for Jewish politicians.
The big picture: Gone are the days of veiled insinuations and dog whistles. The hate is direct, explicit and shockingly casual, two dozen members of Congress and candidates told Axios.
Editor's note: This story includes graphic and hateful language that was directed at lawmakers and their staff. Readers should be advised.
President Trump talks sympathetically about the country's 500,000 Dreamers — but his administration is putting them in the crosshairs for deportation.
Why it matters: The recipients of the Obama-era Deferred Action for Childhood Arrivals (DACA) program are finding it no longer reliably protects them from deportation or disruptions to their ability to work legally.
President Trump told Axios in a phone call that "the clock is ticking" for Iran and warned that if the Iranian regime doesn't come with a better offer for a deal, "they are going to get hit much harder."
Why it matters: U.S. officials say Trump wants a deal to end the war, but Iran's rejection of many of his demands and refusal to make meaningful concessions on its nuclear program has put the military option back on the table.
