Sep 13, 2017

Tim Scott: Trump has "obviously reflected" on Charlottesville comments

Senator Tim Scott talks to reporters about his plan to meet with President Donald Trump to discuss race. Photo: J. Scott Applewhite / AP

President Trump has "obviously reflected on what he has said" about the violence in Charlottesville, Senator Tim Scott, the only black Republican in the Senate, told CBS News after meeting with Trump. In separate comments to reporters at the Capitol, Scott said it "will take time" for Trump to regain moral authority after he noted there were "very fine people" on "both sides" of the violence in Charlottesville, according to the AP. Scott said he urged Trump to avoid making inflammatory comments about race.

Trump's thinking behind the comments: Trump said he meant to say "that there was an antagonist on the other side," but Scott told reporters "the real picture has nothing to do with who is on the other side…I shared my thoughts of the last three centuries of challenges from white supremacists, white nationalists, KKK, neo-Nazis, so there is no way to find an equilibrium when you have three centuries of history."

Go deeper with Axios' Jonathan Swan: Inside President Trump's meeting with Tim Scott

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 10:30 a.m. ET: 1,502,618 — Total deaths: 89,915 — Total recoveries: 339,775Map.
  2. U.S.: Total confirmed cases as of 10:30 a.m. ET: 432,554 — Total deaths: 14,829 — Total recoveries: 24,213Map.
  3. Business: The Fed will lend up to $2.3 trillion. — Another 6.6 million jobless claims were filed last week
  4. Federal government latest: Congress' $250 billion PPP injection could come too late for some businesses.
  5. Public health latest: Anthony Fauci said social distancing could reduce the death toll to 60,000.
  6. Poll: 1 in 10 Americans believe the economy will never return to normal.
  7. What should I do? Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Fed will lend up to $2.3 trillion amid coronavirus crisis

Fed Chairman Jerome Powell at a press conference in March. Photo: Eric Baradat/AFP via Getty Images

The Federal Reserve announced Thursday that it will support the coronavirus-hit economy with up to $2.3 trillion in loans to businesses, state and city governments — made possible in part by Treasury funds set aside in the government stimulus package.

Why it matters: The Fed has taken more action amid the coronavirus outbreak than it has in any other financial crisis in U.S. history in an effort to blunt the effects of the resulting economic shutdown.

DetailsArrowUpdated 9 mins ago - Economy & Business

Senate Democrats block Republicans' $250 billion PPP injection

Illustration: Sarah Grillo/Axios

Before the Paycheck Protection Program formally launched last Friday, we knew two things: The rollout would be rocky, and the initial $250 billion wouldn't be enough for America's small businesses.

The state of play: Banks and government officials have been working to smooth out the process. On Thursday, Senate Majority Leader Mitch McConnell's attempt to pump another $250 billion into the program via unanimous consent was blocked by Democrats, who are proposing an alternative.

Go deeperArrowUpdated 10 mins ago - Economy & Business