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President Trump and Vice President Mike Pence walked onto the South Lawn of the White House Wednesday to cheers and fist pumps before delivering a congratulatory speech on the passage of the GOP tax bill.

Trump, rattling off several names of the people who played a role in the passage of "the largest tax cut in the history of our country," said he "had a lot of fun" working with leadership to get this done. It was fun because "we won."

Other speakers:

  • Majority Leader Mitch McConnell: "This has been a year of extraordinary accomplishment for the Trump administration," he said, citing Neil Gorsuch's Supreme Court confirmation, Circuit Court judge confirmations, regulatory rollback, and now the tax bill.
  • House Speaker Paul Ryan: "Something this big, something this profound could not have been done without exquisite presidential leadership."
  • VP Mike Pence: "We made history today but as the President said... we're just getting started! This administration will not rest until the forgotten men and women of this country are forgotten no more."
  • House Ways and Means Committee Chairman Rep. Kevin Brady said he knew overhauling the tax code would be possible when Trump was elected.

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Updated 7 hours ago - Politics & Policy

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Illustration: Sarah Grillo/Axios

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  2. World: Belgium imposes lockdown, citing "health emergency" due to influx of cases.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
  8. 🎧Podcast: The vaccine race turns toward nationalism.
Dan Primack, author of Pro Rata
Updated 8 hours ago - Economy & Business

Dunkin' Brands agrees to $11B Inspire Brands sale

Photo: Alexi Rosenfeld/Getty Images

Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

Ina Fried, author of Login
10 hours ago - Technology

Federal judge halts Trump administration limit on TikTok

Illustration: Aïda Amer/Axios

A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.