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Andrew Harnik / AP

Publicly, President Trump didn't seem overjoyed when, earlier this month, he signed a $1 trillion bill to keep the government open. Privately, his mood was much, much worse.

Behind-the-scenes: When the spending bill had been negotiated and finalized, White House chief of staff Reince Priebus phoned the former House Speaker John Boehner and told him the president doesn't like how the negotiation came out and is thinking about vetoing the bill. Boehner has told associates that Priebus asked him if he could talk Trump into signing the spending bill. Boehner said he would.

Ten minutes later, Boehner's phone rang. It was the President. Boehner made a couple different arguments to Trump about why he should sign the spending bill:

  1. He told Trump he should be happy about the fact that he doesn't have to give a dollar of domestic spending in exchange for increases in military spending. And he got a substantial boost in military spending.
  2. The most important argument Boehner made: the last thing you need right now is a government shutdown.

Why this matters: I'm not suggesting Boehner's conversation with Trump was determinative. It's telling, however, that the President hated the spending bill so much that his chief of staff felt the need to reach out to the former House Speaker — a guy who captained an implacable conference through plenty of funding battles — to convince Trump to sign the bill.

Go deeper

52 mins ago - World

Netanyahu and Israel reluctantly adjust to a post-Trump Washington

Netanyahu (R) and Biden in 2010. Photo: Avi Ohayon/GPO via Getty

Prime Minister Benjamin Netanyahu and his close aides are very nervous about the transition to a new U.S. administration after a four-year honeymoon with Donald Trump. One Israeli official told me it felt like going through detox.

What he's saying: Netanyahu congratulated Biden minutes after he was sworn in, saying in a statement that he looked forward to working together to "continue expanding peace between Israel and the Arab world and to confront common challenges, chief among them the threat posed by Iran."

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. State of play: New coronavirus cases down, but more bad news ahead.
  2. Politics: Biden set to immediately ramp up federal pandemic response with 10 executive actions — Scoop: Joe Biden's COVID-19 bubble.
  3. World: Biden will order U.S. to rejoin World Health OrganizationBiden to bring U.S. into global COVAX initiative for equitable vaccine access.
  4. Vaccine: Amazon offers to help Biden administration with COVID vaccine efforts.
Dion Rabouin, author of Markets
3 hours ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.