Photo: ERIC ROJAS/AFP via Getty Images.

President Trump slashed Medicaid funding for Puerto Rico during budget negotiations on a federal spending deal put forth in Congress this week, Politico reports.

Why it matters: Puerto Rico is now slated to receive $5.7 billion in Medicaid funds over two years, rather than $12 billion over four years earmarked by a House subcommittee. The island's Medicaid program has been consistently on the brink of nonexistence and relying on short-term funding extensions.

Background: The $12 billion funding plan had been previously backed by both Republicans and Democrats.

What they're saying: A White House spokesperson called the agreement a "win for President Trump and the American people," per Politico.

Between the lines: Puerto Rico has been a frequent target of Trump throughout his presidency.

  • Following Hurricane Maria in 2017, devastating conditions on the island led to calls for funding, which Trump argues he overwhelmingly met. Puerto Ricans said they continued to struggle and were in need of assistance to recover.

Go deeper: How little we know about Puerto Rico's economy

Go deeper

7 hours ago - World

China-Iran deal envisions massive investments from Beijing

Illustration: Aïda Amer/Axios

China and Iran have negotiated a deal that would see massive investments flow into Iran, oil flow out, and collaboration increase on defense and intelligence.

Why it matters: If the proposals become reality, Chinese cash, telecom infrastructure, railways and ports could offer new life to Iran’s sanctions-choked economy — or, critics fear, leave it inescapably beholden to Beijing.

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 13,048,249 — Total deaths: 571,685 — Total recoveries — 7,215,865Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 3,353,348— Total deaths: 135,524 — Total recoveries: 1,031,856 — Total tested: 40,282,176Map.
  3. World: WHO head: There will be no return to the "old normal" for foreseeable future — Hong Kong Disneyland closing due to surge.
  4. States: Houston mayor calls for two-week shutdownCalifornia orders sweeping rollback of open businesses — Cuomo says New York will use formula to determine if reopening schools is safe.
  5. Education: Los Angeles schools' move to online learning could be a nationwide tipping point.

House Judiciary Committee releases transcript of Geoffrey Berman testimony

Geoffrey Berman. Photo: Alex Wong/Getty Images

The House Judiciary Committee on Monday released the transcript of its closed-door interview with Geoffrey Berman, the former top federal prosecutor in Manhattan who was forced out by Attorney General Bill Barr last month.

Why it matters: House Democrats have seized on Berman's testimony, in which he claimed the attorney general sought to "entice" him into resigning so that he could be replaced by SEC chairman Jay Clayton, to bolster allegations that the Justice Department has been politicized under Barr.