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Patrick Semansky / AP

Trump is expected to announce next Friday a policy that could reverse Obama-era flexibility on who can travel to and do business with Cuba, according to the The Miami Herald. That would make true on a campaign promise — he said in September 2016 he would "reverse" the concessions Obama gave to Cuba.

What to expect: Trump favoring Cuban-Americans who were exiled during Fidel Castro's regime, who Trump views as key to his Florida election win. Politico reports many think he won't reverse the "wet-foot/dry-foot" policy that allowed Cuban immigrants to become legal residents in the U.S. And Trump could limit business with the Cuban military and cut U.S. tourism there, per The Herald.

National security implications: Seven GOP lawmakers have urged Trump to keep Obama's policies on Cuba since Russia and China are enhancing their relationship with Cuba right now, on oil and trade, respectively.

Go deeper

Updated 10 mins ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

Inauguration Day dashboard

Screenshot: Fox News

President Trump has left the White House en route to a farewell event at Andrews Air Force Base, kicking off the day that will culminate with President-elect Joe Biden taking office.

What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.