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Photo: Brendan Smialowski/AFP via Getty Images

Here’s President Trump’s defense for his NATO and Russia meetings that resulted in pushback for his demands to European allies as well as concerns over his behavior in a press conference with Putin:

"I had a great meeting with NATO. They have paid $33 Billion more and will pay hundreds of Billions of Dollars more in the future, only because of me. NATO was weak, but now it is strong again (bad for Russia). The media only says I was rude to leaders, never mentions the money! ... While I had a great meeting with NATO, raising vast amounts of money, I had an even better meeting with Vladimir Putin of Russia. Sadly, it is not being reported that way - the Fake News is going Crazy
— Trump on Twitter
  • Trump's argument, which he first explained in an interview with Fox News' Sean Hannity last night, is that making NATO stronger monetarily hurts Russia, which Trump says proves that he's tough on Putin. Trump also tries to place the blame on the media, accusing the "Fake News" of distorting reality.
  • But despite Trump's self-defense, this time, his attacks on allies and friendliness toward Russia has sparked outrage from both parties — including Trump's friends and allies.

Go deeper

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.