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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

Go deeper

Ben Geman, author of Generate
43 mins ago - Politics & Policy

Biden to sign major climate orders, setting up clash with oil industry

Illustration: Aïda Amer/Axios

President Biden will sign new executive actions today that provide the clearest signs yet of his climate plans — elevating the issue to a national security priority and kicking off an intense battle with the oil industry,

Driving the news: One move will freeze issuance of new oil-and-gas leases on public lands and waters "to the extent possible," per a White House summary.

The rebellion against Silicon Valley (the place)

Photo illustration: Sarah Grillo/Axios. Smith Collection/Gado via Getty Images

Silicon Valley may be a "state of mind," but it's also very much a real enclave in Northern California. Now, a growing faction of the tech industry is boycotting it.

Why it matters: The Bay Area is facing for the first time the prospect of losing its crown as the top destination for tech workers and startups — which could have an economic impact on the region and force it to reckon with its local issues.

Erica Pandey, author of @Work
4 hours ago - Economy & Business

Telework's tax mess

Illustration: Annelise Capossela/Axios

As teleworkers flit from city to city, they're creating a huge tax mess.

Why it matters: Our tax laws aren't built for telecommuting, and this new way of working could have dire implications for city and state budgets.