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President Trump speaks during a cabinet meeting. Photo: JIm Watson / AFP via Getty Images

President Trump welcomed the press "back to the studio" today for the first Cabinet meeting of 2018, and boasted about his handling of yesterday's bipartisan meeting on immigration, reiterating that "we want to see something happen with DACA."

"My performance — some people called it my performance, I consider it work — got great reviews by everybody except two networks ... [Some said] it was one of the greatest meetings they've ever seen." Note: no agreement was reached on immigration during the meeting.

Key quotes:

  • "Our current libel laws are a sham and a disgrace and do not represent American values or American fairness. So we're going to take a strong look at that. You can't say things that are false, knowingly false and be able to smile as money pours into your bank account."'
  • "The media will ultimately support Trump in the end, because they're going to say, 'If Trump doesn't win in 3 years [we're] all out of business.'"

Go deeper: NYT breaks down what Trump can and can't do on libel laws

Go deeper

Senate Democrats reach deal on extending unemployment insurance

Photo: Alex Wong/Getty Images

Senate Democrats struck a deal Friday evening to extend unemployment insurance in President Biden's $1.9 trillion COVID-19 relief package after deliberating and halting other action for roughly nine hours, per a Senate aide.

Why it matters: The Senate can now resume voting on other amendments to the broader rescue bill.

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan. 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

Financial fallout from the Texas deep freeze

Illustration: Annelise Capossela/Axios

Texas has thawed out after an Arctic freeze last month threw the state into a power crisis. But the financial turmoil from power grid shock is just starting to take shape.

Why it matters: In total, electricity companies are billions of dollars short on the post-storm payments they now owe to the state's grid operator. There's no clear path for how they will pay — something being watched closely across the country as extreme weather events become more common.