Apr 18, 2017

Trump signs "Buy American, Hire American" order

Susan Walsh / AP

Trump just signed his "Buy American, Hire American" Executive Order in Kenosha, Wisconsin, after visiting Snap-On Tools. What it means:

  • Buy American: This will call on the government to prioritize buying American-made products and minimize waivers and exceptions to Buy American laws. Starting today the number of waivers awarded will shrink, according to a briefing from two senior administration officials.
  • Hire American: H-1B visas are currently doled out in a lottery system, but this order calls for a change to a merit system so that companies don't bypass American workers for cheaper labor from guest workers. The administration can't lower the number of visas awarded — for now.
  • On the trip with him to Wisconsin: Steve Bannon, Keith Schiller, Kellyanne Conway, Stephen Miller, Sarah Sanders, and Kenosha native Reince Priebus.

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Updated 23 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 a.m. ET: 6,294,222 — Total deaths: 376,077 — Total recoveries — 2,711,241Map.
  2. U.S.: Total confirmed cases as of 8 a.m. ET: 1,811,277 — Total deaths: 105,147 — Total recoveries: 458,231 — Total tested: 17,340,682Map.
  3. Public health: Nearly 26,000 coronavirus deaths in nursing homes have been reported to federal health officials —Coronavirus looms over George Floyd protests across the country.
  4. Federal government: Trump lashes out at governors, calls for National Guard to "dominate" streets.
  5. World: Former FDA commissioner says "this is not the time" to cut ties with WHO.
  6. 🎧 Podcast: The virus didn't go away.

More than 1 in 6 black workers lost jobs between February and April

Adapted from EPI analysis of Bureau of Labor Statistics data; Chart: Andrew Witherspoon/Axios

As is often the case, the staggering job losses in the coronavirus-driven recession have been worse for black workers.

By the numbers: According to a report from the Economic Policy Institute, titled "Racism and economic inequality have predisposed black workers to be most hurt by coronavirus pandemic," more than 1 in 6 black workers lost their jobs between February and April.

Coronavirus could lower GDP by $15.7 trillion

Reproduced from Congressional Budget Office; Chart: Axios Visuals

The CBO released projections on Monday for U.S. nominal GDP to be lower by $15.7 trillion over the next decade than its estimate in January as a result of the coronavirus pandemic.

What they're saying: It predicts that when adjusted for inflation GDP will be $7.9 trillion lower over the next decade and down by $790 billion in the second quarter of this year — a 37.7% quarterly contraction.