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President Trump has issued two tweets threatening to cut U.S. aid to the Palestinians, claiming Palestinian leadership hasn't shown "appreciation or respect," or willingness to negotiate a peace deal.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

The backdrop: Palestinian leaders have said Trump's decision to recognize Jerusalem as Israel's capital removed any possibility of his administration serving as the broker of a peace deal. The House passed a bill last month that would limit U.S. aid to the Palestinians over concerns the government was "rewarding Palestinians who kill Americans and Israelis," per the AP.

This follows another tweet from Trump claiming, "the United States has foolishly given Pakistan more than 33 billion dollars in aid over the last 15 years, and they have given us nothing but lies & deceit."

Go deeper

Dan Primack, author of Pro Rata
36 mins ago - Economy & Business

Coinbase files to go public

Illustration: Eniola Odetunde/Axios

Cryptocurrency exchange Coinbase on Thursday filed to go public via a $1 billion direct listing.

Why it matters: This comes in the midst of a crypto boom, and the listing may further legitimize the industry.

Trump’s blunt weapon: State GOP leaders

Trump supporters rally near Mar-a-Lago on Feb. 15. Photo: Joe Raedle/Getty Images

President Trump didn't have to punish his critics in Congress — his allies back in the states instantly and eagerly did the dirty work.

Why it matters: Virtually every Republican who supported impeachment was censured back home, or threatened with a primary challenge.

The modern way to hire a big-city police chief

Illustration: Annelise Capossela/Axios

When it comes to picking a city's top cop, closed-door selection processes have been replaced by highly public exercises where everyone gets to vet the candidates — who must have better community-relations skills than ever.

Why it matters: In the post-George-Floyd era, with policing under utmost scrutiny, the choosing of a police chief has become something akin to an election, with the need to build consensus around a candidate. And the candidate pool has gotten smaller.