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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.

Ben Geman, author of Generate
18 mins ago - Energy & Environment

Carbon emissions are roaring back from COVID-19

Expand chart
Data: IEA Global Energy Review 2021; Chart: Axios Visuals

Global energy-related carbon emissions will surge this year as coal, oil and natural gas consumption return from the pandemic that caused an unprecedented emissions decline, the International Energy Agency estimated Tuesday.

Why it matters: The projected rise of nearly 5% would be the largest since the "carbon intensive" recovery from the financial crisis over a decade ago, IEA said, putting emissions just below their 2019 peak.

40 mins ago - Axios Twin Cities

Jurors resume deliberations as the nation awaits Chauvin verdict

Protesters outside Hennepin County Government Center on the day of closing arguments. Photo: Christopher Mark Juhn/Anadolu Agency via Getty Images

Jurors in the Derek Chauvin trial resume deliberations Tuesday morning as the nation waits for a verdict.

The latest: The 12 jurors met behind closed doors for about three hours Monday before breaking for the night at 7pm.