Jun 29, 2017

Trump on energy: "The golden era of America is now underway"

President Trump spoke at the Department of Energy's Unleashing American Energy event this afternoon, culminating the White House's "Energy Week" by touting a handful of new initiatives that his administration claims will boost the economy by cutting Obama-era regulations.

The big thing: Trump stated that his administration plans to reduce barriers for foreign nations to gain loans to build new coal plants, which he argued prevents countries (like Ukraine) from achieving their full potential.

But it wasn't all energy. POTUS couldn't help but take a shot at CNN, which he branded as "fake news" before claiming that he saw the red light on the network's camera turn off. (CNN broadcast the president's remarks without interruption.)

Trump's other energy announcements:

  • A plan to revive and expand nuclear energy with a full review of the federal government's nuclear policy.
  • The creation of a new offshore oil and gas leasing program in federal waters.
  • The approval of a new oil pipeline to Mexico "that'll go right under the wall."
  • An agreement between Sempra Energy and South Korea to negotiate the sale of American natural gas.
  • DOE's approval of two applications to export natural gas from Louisiana.

Go deeper

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 1,452,378 — Total deaths: 83,615 — Total recoveries: 308,757Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 401,166 — Total deaths: 12,936 — Total recoveries: 22,563Map.
  3. Business updates: Roughly one-third of U.S. apartment renters didn't make April payments — The battle over billionaire coronavirus saviors — The Fed will lift Wells Fargo's asset cap to help small business lending.
  4. Federal government latest: The U.S. has begun to see "glimmers of hope" despite its highest recorded number of deaths in 24 hours, Anthony Fauci said.
  5. Public health latest: Surgeon General Jerome Adams highlighted the disproportionate impact the illness is having on African-American communities.
  6. World latest: Indians look to Taiwan amid China's coronavirus missteps
  7. 🚌 Public transit: Systems across the country are experiencing ridership collapse, squeezed funding streams and slow recovery from the pandemic.
  8. What should I do? Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Sen. Kelly Loeffler liquidates stocks after uproar over coronavirus sell-off

Sen. Kelly Loeffler. Photo: Madnel Ngan/AFP via Getty Images

Sen. Kelly Loeffler (R-Ga.) and her husband Jeffrey Sprecher are liquidating their stock portfolio and moving holdings into exchange traded funds (ETFs) after coming under fire for purchasing and selling roughly $1.4 million in stock just before the market crashed in response to the coronavirus pandemic.

Why it matters: Loeffler, who faces a competitive reelection fight in November, is one of several senators under fire for selling shares shortly after a private briefing on the coronavirus — sparking accusations of insider trading.

Sanders: "While this campaign is coming to an end, our movement is not"

Addressing his supporters via livestream after suspending his campaign, Bernie Sanders congratulated Joe Biden on his presumptive victory in the 2020 Democratic presidential primary while making clear that his fight for progressive ideas will not end with his candidacy.

What he's saying: "While this campaign is coming to an end, our movement is not. Dr. Martin Luther King Jr. reminded us that 'the arc of the moral universe is long, but it bends towards justice.' The fight for justice is what our campaign has been about. The fight for justice is what our movement remains about."