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President Trump reported making at least $434 million in gross income from his properties and business in the second full year of his presidency, according to his 2018 financial disclosure form released by the Office of Government Ethics.

Quick take: Gross income at Trump's D.C. golf club was up $500,000 to about $13.3 million, while his D.C. hotel made about $40.8 million. Trump National Doral Miami resort, the flagship property and biggest moneymaker for the Trump Organization, made $75 million — down from almost $116 million in 2016. Mar-a-lago brought in $22 million, down from $37 million two years ago. Trump also took out a loan from Professional Bank of between $5 million and $25 million to finance a mansion property next door to Mar-a-lago, which was reportedly purchased by his sons Eric and Donald Trump Jr.

Go deeper

Lawmakers reach deal on bipartisan commission to investigate Jan. 6

Speaker Pelosi outside the U.S. Capitol. Photo: Chip Somodevilla/Getty Images

House negotiators have reached an agreement on the parameters of a 9/11-style commission to investigate the "facts and circumstances" surrounding the Jan. 6 attack on the U.S. Capitol, the House Homeland Security Committee announced Friday.

Why it matters: The formation of a bipartisan Jan. 6 commission had been delayed for months, after some Republicans insisted that the scope of the investigation be expanded to include violence by far-left protesters last summer.

Elise Stefanik elected No. 3 House Republican after Liz Cheney ouster

Rep. Elise Stefanik (R-NY) on May 12. Photo: Mandel Ngan/AFP via Getty Images

House Republicans voted 134-46 in a secret ballot Friday to appoint Rep. Elise Stefanik (R-N.Y.) as the chair of the GOP conference, replacing Rep. Liz Cheney (R-Wyo.).

Why it matters: Stefanik's appointment underscores how important loyalty to former President Trump remains to the Republican Party.

Retail sales flat in April after huge surge in March

Illustration: Aïda Amer/Axios

April retail sales in the U.S. were unchanged from March, which saw a surge revised up to 10.7%, according to the latest Commerce Department report published Friday.

Why it matters: The U.S. has been entering a period of growing optimism in the wake of the vaccine rollout, falling new COVID-19 cases and deaths, and a slowly recovering labor market. Retail sales were up 51% year-over-year compared to April 2020.