Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

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 Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

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!

Andrew Harnik / AP

Flanked by Secretaries of Transportation past and present, President Trump kicked off a week of infrastructure announcements today with an "air travel revolution" — a plan to privatize the nation's air traffic control system via an independent non-profit entity spun off from the Federal Aviation Administration.

Why he's starting here: A White House aide said the administration viewed the ATC privatization plan as "low hanging fruit" because House Transportation Chair Bill Shuster, who was in attendance for the White House event today, already had a plan ready to go.

Honestly, they didn't know what the hell they were doing. A total waste of money. President Trump on Obama administration attempts to fund the nation's air traffic control system

What you need to know:

  • The implementation: Trump will need congressional approval to make these changes to the air traffic control system. His announcement today included what looked like a bill signing, but it was just a list of principles to be submitted to Congress.
  • The reasoning: The administration says the new entity will be able to adopt technology more quickly and better allocate capital resources, allowing it to reduce flight delays, save fuel, pass on lower prices to consumers, and enhance safety.
  • The structure: A 13-person corporate board — initially stocked with representatives from airlines, unions, general aviation, and airports — that can reconstitute itself as it sees fit.
  • The timeline: If approved by Congress, the White House hopes to implement the plan within three years but noted that the president can opt to extend the transition.

What else is coming this week on infrastructure:

  • Wednesday: an event in Cincinnati on inland waterways
  • Thursday: the White House is hosting governors and mayors to talk infrastructure
  • Friday: an event at the Department of Transportation on permitting reform

Go deeper

Congress plots COVID pandemic-era office upgrades

oving crates outside Rep. Elise Stefanik's old office Tuesday. Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images

The House plans to renovate members' suites even though staff are worried about an influx of contractors and D.C. is tightening restrictions on large gatherings, some staffers told Axios.

Why it matters: The Capitol has been closed to public tours since March. Work over the holiday season comes as U.S. coronavirus cases spike, Americans beg for more pandemic assistance and food lines grow.

Trump pressures Barr to release so-called Durham report

Bill Barr. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump and his allies are piling extreme pressure on Attorney General Bill Barr to release a report that Trump believes could hurt perceived Obama-era enemies — and view Barr's designation of John Durham as special counsel as a stall tactic, sources familiar with the conversations tell Axios.

Why it matters: Speculation over Barr's fate grew on Tuesday, with just 49 days remaining in Trump's presidency, after Barr gave an interview to the Associated Press in which he said the Justice Department has not uncovered evidence of widespread fraud that could change the election's outcome.

CDC to cut guidance on quarantine period for coronavirus exposure

A health care worker oversees cars as people arrive to get tested for coronavirus at a testing site in Arlington, Virginia, on Tuesday. Photo: Olivier Douliery/AFP via Getty Images

The CDC will soon shorten its guidance for quarantine periods following exposure to COVID-19, AP reported Tuesday and Axios can confirm.

Why it matters: Quarantine helps prevent the spread of the coronavirus, which can occur before a person knows they're sick or if they're infected without feeling any symptoms. The current recommended period to stay home if exposed to the virus is 14 days. The CDC plans to amend this to 10 days or seven with a negative test, an official told Axios.

  • The CDC did not immediately respond to a request for comment.