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U.S. Energy Secretary Rick Perry. Photo: Getty Images

Energy Secretary Rick Perry is preparing to leave his post in the Trump administration and he's finalizing the terms of his departure, Bloomberg News reported Wednesday, citing 2 people familiar with the plans.

Details: The former Texas governor's exit wasn't imminent and he still hadn't made up his mind, but he'd been seriously considering quitting for weeks, according to Bloomberg News. In a statement provided to Axios and other outlets, Department of Energy spokeswoman Shaylyn Hynes denied the report. "He is happy where he is serving President Trump and leading the Department of Energy," she said.

Why it matters: Perry occupies an unusual spot in President Trump’s cabinet. He’s avoided the types of controversies that sped departures of several other agency heads and appears to have remained in Trump’s good graces, unlike many other cabinet chiefs. He hasn’t faced the same level of attacks from Capitol Hill Democrats as some others either.

The big picture: On policy, he’s an energetic booster for the country’s oil, gas, coal and nuclear sectors, yet has distanced himself from White House proposals to deeply slash renewable energy R&D and is a cheerleader for DOE’s research labs.

The intrigue: Perry has come up short thus far in one of his highest-profile and most controversial efforts, which is finding ways to directly support economically struggling coal-fired and nuclear power plants at risk of shutting down.

Go deeper

Dan Primack, author of Pro Rata
39 mins ago - Politics & Policy

Trump's new venture could be peak SPAC

Illustration: Sarah Grillo/Axios

Former President Trump last night announced plans to launch a digital media network called "Truth Social," and said it would go public via a SPAC called Digital World Acquisition (Nasdaq: DWAC).

What to know: So far, this is a joke. The press release didn't contain even basic information, such as the new company's CEO. In fact, the only execs mentioned are Trump (as chairman) and veteran TV producer Scott St. John as head of a subscription streaming service.

Inequality Index signals October jobs growth for lower-income Americans

Data: Morning Consult/Axios Inequality Index; Chart: Axios Visuals

Polling for the Morning Consult/Axios Inequality Index suggests that as the Delta variant ebbed over the last month, job security improved for lower-income Americans.

The big picture: As a result of the improving environment, the Inequality Index this month declined to its lowest point since April — reversing a significant spike in September.

Updated 3 hours ago - World

Police charge man with murder of British MP David Amess

Police outside Belfairs Methodist Church in Leigh-on-Sea, England, on Oct. 15. Photo: John Keeble/Getty Images

Police said Thursday that Ali Harbi Ali, a 25-year-old British man, has been charged with the murder of David Amess, a Conservative Party lawmaker in the U.K.

The big picture: Last week, the Metropolitan Police declared the fatal stabbing a terrorist incident, saying that they had found "a potential motivation linked to Islamist extremism."