Schumer and Trump at a meeting in the Oval Office. Photo: Alex Wong/Getty Images

Senate Minority Leader Chuck Schumer on Tuesday walked back an offer to discuss funding for the construction of President Trump's border wall.

The backdrop: This comes as Schumer is facing backlash from liberals and activists after some Senate Democrats voted on Monday to reopen the government instead of pushing harder for an immigration deal for DACA recipients as part of the agreement. Schumer’s withdrawal of the offer was first reported by Politico.

  • Senate Majority Leader Mitch McConnell (R-Ky.) has recently promised to introduce a stand-alone immigration bill. But Senate aides and sources closely involved told Axios' Stef Kight that reaching an agreement to secure protections for DREAMers and a long-term budget spending plan by Feb. 8 looks almost impossible.
  • Per the Washington Post, Republican Sens. John Cornyn and David Perdue disclosed Tuesday that Schumer and Trump had discussed a $25 billion package to fund security measures along the U.S.-Mexico border.

Go deeper: Axios' Stef Kight on why a DACA deal looks hard to reach.

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Updated 47 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 18,570,858 — Total deaths: 701,316 — Total recoveries — 11,163,388Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 4,771,846 — Total deaths: 156,839 — Total recoveries: 1,528,979 — Total tests: 58,239,438Map.
  3. Public health: Moderna skirts disclosures of coronavirus vaccine costs — There’s not much good news about kids and coronavirus.
  4. Business: Auto sales may have turned a corner.
  5. Sports: The return of high school sports hangs in the balance — UConn becomes first FBS team to cancel its football season.

Shale's struggles will persist despite a rise in oil prices

Illustration: Sarah Grillo/Axios

WTI, the benchmark U.S. oil future, traded Wednesday morning at its highest since early March — highlighting how shale's crisis is seemingly over, though more bankruptcies likely lie ahead.

Why it matters: Its price at the time — $43 — is still too low for many producers to do well, though it varies from company to company.

Facebook launches its TikTok rival, Instagram Reels

Illustration: Aïda Amer/Axios

Facebook-owned Instagram on Wednesday launched its answer to the popular karaoke app TikTok, whose future remains in limbo.

The big picture: Facebook has a long record — sometimes successful, sometimes not — of adopting features that have proven popular on rival platforms and rolling them out to its billions of users worldwide in an effort to avoid being eclipsed by younger upstarts.