Sean Spicer punted on the question of whether President Trump supports the Export-Import Bank on Tuesday, after the New York Times reported that the agency would be eliminated in the president's forthcoming budget.

The Export-Import Bank sounds like an independent agency Trump would love — it subsidizes foreign purchases of American goods, thus providing a boost to manufacturing employment. But free market fundamentalists hate the bank, arguing that it unfairly subsidizes one sector, thus diverting resources by government fiat from other enterprises that might be more deserving.

What's next: The president put a small government ideologue, Mick Mulvaney, in charge of his budget office, but also hasn't let conservative priorities get in the way of his message of supporting American jobs above all else. Watch to see how steadfastly he will defend such cuts in the face of lobbying by high-profile companies like Boeing.

Go deeper

Updated 9 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 12,745,734 — Total deaths: 565,782 — Total recoveries — 7,023,260Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 3,248,220 — Total deaths: 134,815 — Total recoveries: 995,576 — Total tested: 39,553,395Map.
  3. Politics: Trump wears face mask in public for first time.
  4. Public health: Trump's coronavirus testing czar says lockdowns in hotspots "should be on the table" — We're losing the war on the coronavirus.
  5. Education: Betsy DeVos says schools that don't reopen shouldn't get federal funds.
14 mins ago - Health

Betsy DeVos: Schools that don't reopen shouldn't get federal funds

Education Secretary Betsy DeVos told "Fox News Sunday" that public schools that don't reopen in the fall should not get federal funds, and that the money should be redirected to families who can use it to find another option for their children.

Why it matters: The Trump administration is engaged in a full-court press to reopen schools this fall, despite warnings from some public health officials that the coronavirus outbreak is out of control in many states and that it will be difficult for many schools to reopen safely.

33 mins ago - Health

Coronavirus testing czar: Lockdowns in hotspots "should be on the table"

The Trump administration's coronavirus testing coordinator Adm. Brett Giroir said on ABC's "This Week" that "everything" — including the "stringent lockdowns" that many governors implemented in March and April — should be "on the table" in states where new infections are skyrocketing.

Why it matters: President Trump said in June that the U.S. "won't be closing down the country again" — a view shared by many Republicans who believe that the economic damage caused by stay-at-home orders was too great to justify a second round of lockdowns.