Searching for smart, safe news you can TRUST?

Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Mark Wilson/Getty Images

Paul Ryan said he plans to remain as speaker and not call an early leadership election, but well-wired Republicans tell Jonathan Swan and me that Ryan may be forced out sooner.

What we're hearing: One source close to leadership told us: "Scuttlebutt is that Paul will have to step down from speakership soon. Members won’t follow a lame duck, he’ll have no leverage to cut deals, and the last thing they need in this environment is 6 months of palace intrigue and everyone stabbing everyone else in the back."

  • A senior GOP House member predicted this about Ryan’s future: “He will be gone by the end of July.”
  • Some big donors, who have given millions to Ryan this cycle, may not want him to stay on as speaker if the entire party is taking on water.
  • This is not because he’ll struggle to raise money. Enough donors from the old Romney-Ryan world will write checks to Ryan to try to save the majority.
  • It’s more about certainty and stability. Members need certainty and they don’t want to operate until November in a climate where every move from every member of leadership is viewed through the prism of jostling for the speakership.
  • Our sources say that could pull an already divided conference even further apart.

So we wouldn’t be surprised if Ryan reverses himself before August, setting an early election for the next speaker:

  • The question then will be: Does Trump weigh in? Sources close to him say he’ll instinctively want to back the current #2, House Majority Leader Kevin McCarthy.
  • Trump loves McCarthy, and consults him frequently for advice — but it’s likely that some of Trump’s advisers will caution him to stay out of the race. If he backs McCarthy, he owns him. And the conservative Freedom Caucus will hold that over Trump. 
  • At this point, at least, Trump would be happy with either McCarthy or the other likely option, the current #3, House Majority Whip Steve Scalise, according to a source familiar with his thinking.
  • Trump likes Scalise and thinks he’s tough, and he loves McCarthy.

Remember: All paths to being Republican speaker run through the Freedom Caucus. To get the job, McCarthy or Scalise would have to vie to offer them the best deal, which would likely include chairmanships of top committees for Freedom Caucus members.

P.S. McCarthy feels he’s in a very good place, after a day of talking to members and the White House. He's ready to go if/when Ryan steps aside. 

Get more stories like this by signing up for our daily morning newsletter, Axios AM. 

Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
Please enter a valid email.
Please enter a valid email.
Server error. Please try a different email.
Subscribed! Look for Axios AM and PM in your inbox tomorrow or read the latest Axios AM now.

Go deeper

Caitlin Owens, author of Vitals
2 hours ago - Health

Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan

Photo: Alex Wong/Getty Images

President-elect Joe Biden has picked former FDA chief David Kessler to lead Operation Warp Speed, a day after unveiling a nearly $2 trillion pandemic relief plan that includes $400 billion for directly combatting the virus.

Why it matters: Biden's transition team said Kessler has been advising the president-elect since the beginning of the pandemic, and hopes his involvement will help accelerate vaccination, the New York Times reports. Operation Warp Speed's current director, Moncef Slaoui, will stay on as a consultant.

The case of the missing relief money

Illustration: Sarah Grillo/Axios

A chunk of stimulus payments is missing in action, thanks to a mix up that put as many as 13 million checks into invalid bank accounts.

Why it matters: The IRS (by law) was supposed to get all payments out by Friday. Now the onus could shift to Americans to claim the money on their tax refund — further delaying relief to struggling, lower-income Americans.

The post-Trump GOP, gutted

McConnell (L), McCarthy (R) and Trump. Photo: Erin Schaff-Pool/Getty Images

Republicans will emerge from the Trump era gutted financially, institutionally and structurally.

The big picture: The losses are stark and substantial.