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Trump speaks at the rally in Moon Township, Pa. Photo: Nicholas Kamm / AFP / Getty Images

President Trump made a pitch for his new steel and aluminum tariffs at a campaign rally in Pennsylvania tonight, telling the crowd: "A lot of steel mills are now opening up because of what I did." He also plugged the GOP tax cuts and warned them that a Democratic victory in Tuesday's special election could increase the odds that Nancy Pelosi will become House speaker.

Why it matters: Republicans are pouring resources into state representative Rick Saccone's race — more than $10 million, according to the New York Times. Rep. Charlie Dent told the Times that if a Democrat wins the district that Trump took by 20 points, it would "send a bad signal around the country in districts far more competitive than this one."

  • Trump mentioned the death penalty for drug dealers, which Axios' Jonathan Swan reported on last month: "These people are killing our kids and they're killing our families, and we have to do something."
  • On North Korea: "I think they really want to do something, I think they want to make peace. I think it's time."
  • He said North Korea "should have been handled" in the last 30 years: "They were saying 'Obama could have done that.' Trust me, he couldn't have done that."
  • On the border wall: "We are building the wall, 100%."
  • He said: “I’m calling on Congress to stop funding sanctuary cities.”
  • On a 2020 campaign slogan: “We can’t say Make America Great Again, because I already did that...Our new slogan will be..."Keep America Great!"
  • Trump on Rep. Maxine Waters: She's a "low IQ individual."
  • On Pelosi: "The only chance she has to be speaker is by electing Democrats."

One thing you'll be hearing again: Trump said he won 52% of the female vote in 2016. He actually won the vote of 52% of white women, per the Washington Post.

Go deeper

Federal Reserve expands lending program for small businesses

Federal Reserve Chairman Jerome Powell at a news conference in 2019. Photo: Eric Baradat/AFP via Getty Images

The Federal Reserve said on Friday it would again lower the minimum loan size for its pandemic-era small business program.

Details: Businesses and nonprofits will be able to borrow a minimum of $100,000 from the facility, down from $250,000 — a move that might attract smaller businesses that don't need as hefty of a loan. Since the program launched earlier this year, the minimum loan size has been reduced twice.

2 hours ago - Economy & Business

How Trump and Biden would steer the future of transportation

Illustration: Eniola Odetunde/Axios

President Donald Trump and Democratic challenger Joe Biden would likely steer automotive policy in different directions over the next four years, potentially changing the industry's road map to the future.

Why it matters: The auto industry is on the cusp of historic technological changes and the next president — as well as the next Congress — could have an extraordinary influence on how the future of transportation plays out.

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