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Photo: Al Drago/Bloomberg via Getty Images

Senior Trump administration officials are increasingly alarmed that President Trump might unleash — and abuse — the power of government in an effort to overturn the clear result of the election.

Why it matters: These officials tell me that Trump is spending too much time with people they consider crackpots or conspiracy theorists and flirting with blatant abuses of power.

  • There are 32 days until President-elect Biden's inauguration.

The big picture: Their fears include Trump's interest in former national security adviser Michael Flynn's wild talk of martial law; an idea floated of an executive order to commandeer voting machines; and the specter of Sidney Powell, the conspiracy-spewing election lawyer, obtaining governmental power and a top-level security clearance.

A senior administration official said that when Trump is "retweeting threats of putting politicians in jail, and spends his time talking to conspiracy nuts who openly say declaring martial law is no big deal, it’s impossible not to start getting anxious about how this ends."

  • "People who are concerned and nervous aren’t the weak-kneed bureaucrats that we loathe," the official added. "These are people who have endured arguably more insanity and mayhem than any administration officials in history."

At Friday's meeting, first reported by The New York Times, Trump discussed making Powell a special counsel for election fraud.

  • The ideas included commandeering voting machines, with Powell as a special counsel to inspect the machines, according to a source familiar with the meeting.
  • White House counsel Pat Cipollone and chief of staff Mark Meadows "pushed back strenuously and repeatedly against the ideas put forth by Sidney Powell,” the source said.
  • The meeting included Flynn, who was pardoned by Trump in November and is a celebrity with election-denying Trump supporters.

Go deeper

Fed chair says low interest rates aren't driving stock market prices

Jerome Powell. Photo: ANDREW CABALLERO-REYNOLDS / Getty Images

Federal Reserve chairman Jerome Powell told reporters on Wednesday that rock-bottom interest rates aren't playing a role in driving stock prices higher, while noting that vulnerabilities to the financial system are "moderate."

Why it matters: The statement comes amid unshakeable stock prices and a Reddit-fueled market frenzy — prompting widespread fears of a bubble and the role monetary policy has played in that.

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.

Advocates fret Roe v. Wade's 49th anniversary could be its last

Photo: Leigh Vogel/Getty Images for Women's March Inc

As Saturday marks the 49th anniversary of Roe v. Wade, the Supreme Court's landmark decision that legalized abortion access in the U.S., advocates warn the ruling is "more at risk now than ever."

The big picture: The Supreme Court in December heard a challenge to a Mississippi 15-week abortion ban that could throw Roe's survival into question, or at least narrow its scope.