Aug 26, 2017

Ryan disagrees with Trump's Arpaio pardon

Dave Lawler, author of World

Don Ryan / AP

Paul Ryan disagrees with Donald Trump's decision to pardon Joe Arpaio, per the Wall Street Journal, which published a statement from Ryan spokesman Doug Andres:

"The speaker does not agree with the decision. Law-enforcement officials have a special responsibility to respect the rights of everyone in the United States. We should not allow anyone to believe that responsibility is diminished by this pardon."

Our thought bubble: This is similar to Ryan's remarks on Trump's Charlottesville response ("he messed up"). He's registering disagreement with Trump's most controversial moves, without publicly repudiating him.

Read more: The responses from John McCain and others to the pardon.

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Updated 27 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
Economy: Why the stimulus delay isn't a crisis (yet).
Health: The pandemic is getting worse again — New York reports most cases since May —Many U.S. coronavirus deaths were avoidable.
Education: Boston and Chicago send students back home for online learning.
World: Spain becomes first nation in Western Europe to exceed 1 million cases — France becomes the second.

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43 mins ago - Politics & Policy

Biden says he will appoint commission on Supreme Court reform

Photo: Chip Somodevilla/Getty Images

Joe Biden told CBS' "60 Minutes" this week that if elected, he would put together a bipartisan commission to study the federal court system and make recommendations for reform.

Why it matters: Biden has come under pressure to clarify his position on court packing after some Democrats suggested expanding the court if Senate Republicans confirm President Trump's Supreme Court nominee Amy Coney Barrett.

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Dion Rabouin, author of Markets

58 mins ago - Economy & Business

Wall Street still prefers bonds

Illustration: Aïda Amer/Axios. Photo: Sunset Boulevard/Getty Contributor

Investors' return on U.S. corporate bonds has been falling since its August peak, but buying has only accelerated, especially in investment grade bonds that are offering historically low yields.

The state of play: Since hitting its 2020 high on Aug. 4, the benchmark Bloomberg Barclays U.S. bond aggregate has delivered a -2.2% return. (For comparison, the S&P 500 has gained 3.9% during the same time period.)

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