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Trump inspecting border wall prototypes. Photo: Smith Collection/Gado via Getty Images

The cautious view among most Republican lawmakers and White House aides is that President Trump won’t follow through with his dramatic threat to close ports of entry at the border.

The big picture: A source who has been talking to Trump about the border situation throughout the past week said that the president remains skittish about doing anything to disrupt the markets. Trump is encouraged by what Mexico is doing to apprehend migrants on their journey to the U.S.

"It’s the markets," the source said. "Closing the border, the markets would plummet."

  • "He’s very well aware that there’s a commercial trucking component that would be devastating on Mexico and would be hurtful to the United States."

Be smart: As with everything Trump ... What is true at 10 p.m. on Wednesday could be false by 7 a.m. on Thursday, depending on who Trump talks to, what he watches, and what kind of mood he’s in.

Go deeper

29 mins ago - Politics & Policy

Senate retirements could attract GOP troublemakers

Sen. Roy Blunt (R-Mo.). Photo: Jim Lo Scalzo/EPA/Bloomberg via Getty Images

Sen. Roy Blunt's retirement highlights the twin challenge facing Senate Republicans: finding good replacement candidates and avoiding a pathway for potential troublemakers to join their ranks.

Why it matters: While the midterm elections are supposed to be a boon to the party out of power, the recent run of retirements — which may not be over — is upending that assumption for the GOP in 2022.

Congressional diversity growing - slowly

Data: Brookings Institution and Pew Research Center; Note: No data on Native Americans in Congress before the 107th Congress; Chart: Danielle Alberti/Axios

The number of non-white senators and House members in the 535-seat Congress has been growing steadily in the past several decades — but representation largely lags behind the overall U.S. population.

Why it matters: Non-whites find it harder to break into the power system because of structural barriers such as the need to quit a job to campaign full time for office, as Axios reported in its latest Hard Truths Deep Dive.

Staff for retiring Senate Republicans a K Street prize

Illustration: Eniola Odetunde/Axios

The retirements of high-profile Senate Republicans mean a lot of experienced staffers will soon be seeking new jobs, and Washington lobbying and public affairs firms are eyeing a potential glut of top-notch talent.

Why it matters: Roy Blunt is the fifth Republican dealmaker in the Senate to announce his retirement next year. Staffers left behind who can navigate the upper chamber of Congress will be gold for the city’s influence industry.