Photo: Alex Wong/Getty Images

President Trump on Tuesday night defended electoral college after Democratic calls for reform intensified this week, saying popular vote campaigns were much easier.

What he's saying: "The brilliance of the Electoral College is that you must go to many States to win," Trump said in a tweet. "With the Popular Vote, you go to just the large States - the Cities would end up running the Country. Smaller States & the entire Midwest would end up losing all power — & we can’t let that happen. "

Between the lines: Democratic presidential candidate Hillary Clinton won the popular vote in 2016, but Trump became president after winning 304 electoral votes to Clinton's 227. In a 2012 tweet, Trump called electoral college a "disaster for a democracy." On Tuesday, he said he now realized electoral college is "far better for the U.S.A."

The big picture: Washington, D.C., and 12 states now want to overhaul the electoral college system.

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Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.

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