Illustration: Sarah Grillo / Axios

A group of former Toys "R" Us workers were on Capitol Hill yesterday, asking for private equity-related legislation that could include new worker protections, leverage limits and profit clawbacks.

Result (so far): Senator Bob Menendez (D-NJ) said he and Sen. Cory Booker (D-NJ) may offer a legislative fix, although he also said it would be via an appropriations bill that actually passed on Wednesday.

  • The workers also met with Sens. Kirsten Gillibrand (D-NY) and reps for Sen. Elizabeth Warren (D-MA). Seems like they're missing an entire side of the aisle and, at this point, that's the only side that really matters.
  • I'm told that former Toys "R" Us owners KKR and Bain Capital continue to speak with the ex-worker reps about structuring some sort of hardship fund. But I also heard that a month ago, and nothing is done yet.
  • At the same time, a source points out that some of the employees fared slightly better than they otherwise might have, because the PE firms and creditors set aside enough cash in the bankruptcy administration claim to ensure all employees received WARN notices (meaning that the co had to let them work at least 60 more days with full pay).

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Media prepares to fact check debates in real time

Illustration: Annelise Capossela/Axios

From live blogs to video chyrons and tweets, media companies are introducing new ways to fact check the presidential debates in real time this year.

Between the lines: The debates themselves are likely to leave less room for live fact-checking from moderators than a traditional news interview would.

Life after Roe v. Wade

The future seems clear to both parties: The Supreme Court will overturn Roe v. Wade in the next few years, either gradually or in one fell swoop, and the abortion wars will move to a state-by-state battle over freedom and restrictions. 

What's new: Two of the leading activists on opposite sides of the abortion debate outlined for “Axios on HBO” the next frontiers in a post-Roe v. Wade world as the balance on the Supreme Court prepares to shift.

Dion Rabouin, author of Markets
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Jerome Powell, Trump's re-election MVP

Photo illustration: Annelise Capossela/Axios. Getty Images photos: Andrew Caballero-Reynolds/AFP and Lev Radin/Pacific Press/LightRocket

President Trump trails Joe Biden in most polls, has generally lower approval ratings and is behind in trust on most issues. Yet polls consistently give him an edge on the economy, which remains a top priority among voters.

Why it matters: If Trump wins re-election, it will largely be because Americans see him as the force rallying a still-strong U.S. economy, a narrative girded by skyrocketing stock prices and consistently climbing U.S. home values — but the man behind booming U.S. asset prices is really Federal Reserve chair Jerome Powell.