Feb 9, 2018

Trump says Dem memo will "be released soon"

Photo: Olivier Douliery-Pool / Getty Images

President Trump told White House reporters on Friday that the Democratic rebuttal to the Nunes memo would "be released soon."

Why it matters: Trump has said that he is in the process of reviewing the 10-page memo, written by Rep. Adam Schiff, and the process would be the same as that of the Republican memo. The House Intelligence Committee voted on Monday to release the Democratic memo.

One more thing: Trump tweeted on Monday that Schiff "is one of the biggest liars and leakers in Washington," and then said in the same day that Rep. Devin Nunes "may someday be recognized as a Great American Hero."

Go deeper: The Nunes memo.

Go deeper

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 11:30 a.m. ET: 1,503,900 — Total deaths: 89,931 — Total recoveries: 340,112Map.
  2. U.S.: Total confirmed cases as of 11:30 a.m. ET: 432,579 — Total deaths: 14,830 — Total recoveries: 24,213Map.
  3. Business: The Fed will lend up to $2.3 trillion — Another 6.6 million jobless claims were filed last week.
  4. Public health latest: Dr. Anthony Fauci said social distancing could reduce the U.S. death toll to 60,000.
  5. Travel update: TSA screened fewer than 100,000 people at airports in the U.S. on both Tuesday and Wednesday, compared to 2.2 million passengers on an average weekday a year ago.
  6. ☎️ Communication shift: Daily phone calls in the coronavirus era are outpacing Mother's Day.
  7. What should I do? Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Fed will lend up to $2.3 trillion amid coronavirus crisis

Fed Chairman Jerome Powell at a press conference in March. Photo: Eric Baradat/AFP via Getty Images

The Federal Reserve announced Thursday that it will support the coronavirus-hit economy with up to $2.3 trillion in loans to businesses, state and city governments — made possible in part by Treasury funds set aside in the government stimulus package.

Why it matters: The Fed has taken more action amid the coronavirus outbreak than it has in any other financial crisis in U.S. history in an effort to blunt the effects of the resulting economic shutdown.

DetailsArrowUpdated 1 hour ago - Economy & Business

Senate Democrats block Republicans' $250 billion PPP injection

Illustration: Sarah Grillo/Axios

Before the Paycheck Protection Program formally launched last Friday, we knew two things: The rollout would be rocky, and the initial $350 billion wouldn't be enough for America's small businesses.

The state of play: Banks and government officials have been working to smooth out the process. On Thursday, Senate Majority Leader Mitch McConnell's (R-Ky.) attempt to pump another $250 billion into the program via unanimous consent was blocked by Democrats, who are proposing an alternative that includes billions more for hospitals and states.