U.S. Secretary of State Rex Tillerson. Photo: Carlos Tischler/NurPhoto via Getty Images

Secretary of State Rex Tillerson said on Sunday that the Trump administration is deciding whether to impose restrictions on Venezuelan crude oil exports and the exportation of U.S. refined products to the country, per Reuters.

The backdrop: This consideration, Tillerson said, is part of an attempt to punish the regime of Venezuelan President Nicolas Maduro and have him “return to the constitution,” according to Reuters.

  • Argentine Foreign Minister Jorge Faurie, who stood next to Tillerson at a press conference in Buenos Aires, Argentina, said his country would also consider imposing oil and fuel sale restrictions, per Reuters. But he cautioned that the sanctions “must never harm the Venezuelan people.” Other Latin American governments have reportedly refused to follow suit out of a belief that sanctions would worsen Venezuela's humanitarian crisis.

Go deeper

Updated 24 mins ago - Politics & Policy

Pence no longer expected at Amy Coney Barrett's final confirmation vote

Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

Vice President Mike Pence no longer plans to attend the Senate's final confirmation vote for Judge Amy Coney Barrett on Monday, following Senate Democrats' claims that his presence after possible exposure to the coronavirus would be a "violation of common decency," a Pence aide confirmed to CNN and Politico on Monday.

Driving the news: Five of Pence's aides were recently diagnosed with COVID-19, including his chief of staff, who is currently quarantining. Pence has continued his campaign travel despite his possible exposure, which goes against CDC guidelines.

Updated 27 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Ex-FDA chief: Pence campaigning after exposure puts others at risk — Pence no longer expected to attend Barrett confirmation vote after COVID exposure.
  2. Health: 13 states set single-day case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. World: Restrictions grow across Europe.
  6. Media: Fox News president and several hosts advised to quarantine.
Dion Rabouin, author of Markets
5 hours ago - Economy & Business

Bond investors see brighter days

Illustration: Sarah Grillo/Axios

U.S. government bonds could breakout further after yields on the benchmark 10-year Treasury note ticked up to their highest since early June last week.

But, but, but: Strategists say this move is about an improving outlook for economic growth rather than just inflation.