Illustration: Lazaro Gamio / Axios

Health and Human Services secretary Tom Price is, to put it mildly, not having a great week. The failure of Republicans' repeal-and-replace effort, coupled with the ongoing reporting about the private flights he took on taxpayers' dime, has weakened his stature within the Trump administration.

Be smart: The uproar over Price's charter travel is real, and it's not going away. Democrats smell blood. Republicans will have a hard time ignoring $400,000 in luxury travel. Trump has just suffered a stinging legislative defeat, and Trump loves a scapegoat.

  • A source who has watched President Trump and Price interact at length told my colleague Jonathan Swan that Price burned his credibility when health care failed to get across the finish line in Congress.
  • Early in the administration, Trump, House and Senate leaders, Price and then-chief of staff Reince Priebus met in the Roosevelt Room to discuss health care. Trump asked whether a deal would pass, and both Priebus and Price emphatically said "yes."
  • The two have never really gelled, Swan's sources tell him. Price is wonky, and Trump seems to endure their meetings more than enjoy them.
  • "I'm not saying the president will fire him but at the very least he doesn't care if he resigns," Swan's source said.

Go deeper

Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.