Oct 23, 2017

Trump: "There will be NO change to your 401(k)"

President Trump tweeted this morning that Americans would not face any changes to their 401(k) retirement plans under the GOP's proposed tax plan: "There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays!"

What he's referring to: Trump is responding to a New York Times story from Friday, which stated that Republicans were considering a yearly cap as low as $2,400 for contributions to 401(k)s — a sharp cut from the current $18,000 for workers under 50 and $24,000 for workers over 50.

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Axios
Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 p.m. ET: 12,382,748 — Total deaths: 557,241 — Total recoveries — 6,796,045 — Map.
  2. U.S.: Total confirmed cases as of 5 p.m. ET: 3,163,505 — Total deaths: 133,847 — Total recoveries: 969,111 — Total tested: 38,032,966 — Map.
  3. Public health: The reality of the coronavirus bites.
  4. Trade: Trump says he's no longer considering phase-two trade deal with China because the pandemic damaged the two countries' relationship.
  5. 🎧 Podcast: Rural America has its own coronavirus problem.
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Axios
1 hour ago - Health

Reality of the coronavirus bites

National Airport in D.C. Photo: Daniel Slim/AFP/Getty Images

It feels like mid-March in America again. The coronavirus is surging, deaths are climbing and the country is dreading a wave of disruptions, less than four months since the first round started.

The big picture: Lingering under all the happy talk of future plans is the reality of this virus — which thrives in potential super-spreader conditions like mass gatherings.

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Axios
2 hours ago - Podcasts

Rural America has its own coronavirus problem

It's often easier to socially distance in rural America, but it can simultaneously be more challenging to get medical care.

Axios Re:Cap digs into the pandemic's urban-rural divide with microbiologist Amber Schmidtke, who has found that coronavirus-related morbidity is higher in many of Georgia's rural counties than in Atlanta.