Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. 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!

Want a daily digest of the top Denver news?

Get a daily digest of 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!

Want a daily digest of the top Des Moines news?

Get a daily digest of 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!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

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!

Photo: Win McNamee/Getty Images

President Trump is seriously considering installing billionaire investor Steve Feinberg in a senior role at the Office of the Director of National Intelligence, according to four sources familiar with the planning.

Why it matters: Feinberg would enter the ODNI at an especially fraught time — during a pandemic, an election year, and during a period where Trump has a deeply frayed relationship with his intelligence community.

The White House has discussed installing Feinberg in a staff role that doesn't require Senate confirmation, according to sources familiar with the discussions.

Details: Feinberg, a staunch ally of the president's who funded a pro-Trump super-PAC in 2016, currently chairs the President's Intelligence Advisory Board. In that position, he has been allowed to maintain his extensive financial interests and his role as CEO of Cerberus Capital Management.

  • Sources familiar with the situation said he would have to make certain financial decisions to comply with ethics requirements for the role.
  • But Axios has not been able to determine exactly what Feinberg has agreed to do with respect to his financial holdings.
  • Cerberus owns DynCorp, a large defense and intelligence contractor.

Behind the scenes: As with any Trump appointment — and especially one with somebody who has such diverse financial interests — Feinberg's appointment should not be considered a sure thing until he is officially installed in the role.

  • But discussions and planning have been extensive and have involved Jared Kushner, National Security Adviser Robert O'Brien and White House Counsel Pat Cipollone, according to an administration official familiar with the discussions.

Trump has nominated his ally, Texas Rep. John Ratcliffe, to be his next director of national intelligence and is waiting on his confirmation.

  • A source close to Ratcliffe said Ratcliffe has not played any role in the planning to install Feinberg in a senior role within the office. Ratcliffe is not making staffing decisions before his confirmation, while Richard Grenell remains the Acting Director of National Intelligence.
  • The source added that the White House has assured Ratcliffe that he will be empowered to make whatever staffing decisions he wants if and when he is confirmed.

Trump has long held much of his intelligence community in deep suspicion, and he has recently been more aggressive in ordering a government-wide purge of officials perceived to be disloyal to him.

  • On Friday night, Trump announced he was firing Michael Atkinson, the intelligence community I.G. who alerted Congress to the complaint that triggered impeachment. Sources close to President Trump expect him to fire more inspectors general across his government.
  • The subject of "deep state" I.G.s has been discussed within the Groundswell network, the influential circle of conservative activists helmed by Ginni Thomas.

Go deeper

Big European soccer teams announce breakaway league

Liverpool's Mohamed Salah (L) after striking the ball during the UEFA Champions League Quarter Final Second Leg match between Liverpool F.C. and Real Madrid at Anfield in Liverpool, England, last Wednesday. Photo: John Powell/Liverpool FC via Getty Images

12 of world soccer's biggest and richest clubs announced Sunday they've formed a breakaway European "Super League" — with clubs Manchester United, Liverpool, Barcelona Real Madrid, Juventus and A.C. Milan among those to sign up.

Why it matters: Britain and Italy's prime ministers are among those to express concern at the move — which marks a massive overhaul of the sport's structure and finances, and it effectively ends the decades-old UEFA Champions League's run as the top tournament for European soccer.

3 hours ago - Politics & Policy

Senate Democrats settling on 25% corporate tax rate

Sen. Joe Manchin (D-W.Va.). Photo: Chip Somodevilla/Getty Images

The universe of Democratic senators concerned about raising the corporate tax rate to 28% is broader than Sen. Joe Manchin, and the rate will likely land at 25%, parties close to the discussion tell Axios.

Why it matters: While increasing the rate from 21% to 25% would raise about $600 billion over 15 years, it would leave President Biden well short of paying for his proposed $2.25 trillion, eight-year infrastructure package.

GOP pivot: Big business to small dollars

Illustration: Annelise Capossela/Axios

Republican leaders turned to grassroots supporters and raked in sizable donations after corporations cut them off post-Jan. 6.

Why it matters: If those companies hoped to push the GOP toward the center, they may have done just the opposite by turning Republican lawmakers toward their most committed — and ideologically driven — supporters.