Photo: Win McNamee/Getty Images

As the coronavirus outbreak persists, President Trump tweeted Tuesday about a $2 trillion bill "focused solely on jobs and rebuilding the once great infrastructure of our Country!"

Why it matters via Axios' Jonathan Swan: Trump has long wanted to pursue massive debt-funded infrastructure. However, he’s faced resistance from congressional Republicans. In a crisis, perhaps, he can overwhelm them.

"With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars."
— President Trump tweeted

Between the lines: Trump never liked the idea of public-private partnerships, even though that's exactly what he proposed for his first infrastructure plan, according to sources who've discussed the deal with Trump.

  • The president referred to the public-private plan derisively as “Gary’s plan” — a dig at his former economic adviser Gary Cohn.
  • Trump was always more enthralled with spending big and dismissing the debt, especially if he could bully the Fed into making money cheaper.

Worth noting: The problem with Trump's infrastructure plan was not Democrats, who were aligned with Trump. The issue was Republicans, as the president faced a roadblock in the Senate. Many elected Republicans oppose raising new taxes to pay for infrastructure or adding new deficit spending to fund it.

The bottom line: Now the coronavirus crisis may have delivered Trump the political conditions to ram an infrastructure plan through.

Go deeper... Scoop: Trump's $2 trillion spending dream

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Ben Geman, author of Generate
2 hours ago - Energy & Environment

U.S. cities' lagging climate progress

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Reproduced from a Brookings Institution report; Chart: Axios Visuals

A just-published Brookings Institution analysis of U.S. cities' pledges to cut carbon emissions reveals very mixed results.

Why it matters: The potential — and limits — of city and state initiatives have gotten more attention amid President Trump's scuttling of Obama-era national policies.

New state unemployment filings fall to 787,000

Photo: Joe Raedle/Getty Images

First-time applications for unemployment fell last week, according to Department of Labor data released on Thursday.

Between the lines: The overall number of Americans relying on unemployment also fell to a still-staggering 23 million. But there are continued signs of labor market strain, with more people shifting to an unemployment program designed for the long-term jobless.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Business: New state unemployment filings fall.
  3. Economy: Why the stimulus delay isn't a crisis (yet).
  4. Health: Many U.S. deaths were avoidable — The pandemic is getting worse again.
  5. Education: Boston and Chicago send students back home for online learning.
  6. World: Spain and France exceed 1 million cases.