Pablo Martinez Monsivais / AP

Trump's executive actions today will direct his advisors to evaluate financial regulations put in place by the Obama administration in response to the 2008 financial crisis.

  1. Trump will be asking federal agencies to identify potential reforms to the financial regulatory system. This won't cause any immediate changes on Wall Street, and a Trump official said this doesn't signal an intent to fire the head of the CFPB or roll back the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
  2. The second directive Trump signed will delay implementation of the "Fiduciary Rule," which required retirement advisors to act in their clients' best interests. The Labor Dept has 90 days to review the rule and report back.

Why this matters: Changes to Dodd-Frank would face Democratic opposition. The CFPB is a particular point of contention. In October, a divided three-judge panel ruled the structure of the Consumer Financial Protection Bureau was unconstitutional. The ruling made it so the president can remove the CFPB director at will, at any time and for any reason. This is the first sign he might follow through on his voiced distaste for the Dodd-Frank reforms that created the agency in the first place. Chuck Schumer has said if Trump moves to remove the current director, there will be a "long fight."

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:45 p.m. ET: 30,838,610 — Total deaths: 958,090— Total recoveries: 21,088,552Map.
  2. U.S.: Total confirmed cases as of 12:45 p.m. ET: 6,777,026 — Total deaths: 199,352 — Total recoveries: 2,577,446 — Total tests: 94,211,463Map.
  3. Politics: Testing czar on Trump's CDC contradictions: "Everybody is right" Trump's health secretary asserts control over all new rules.
  4. Education: What we overlooked in the switch to remote learning
  5. Health: The dwindling chances of eliminating COVID-19.
  6. World: Guatemalan president tests positive for COVID-19 — The countries painting their pandemic recoveries green.
Updated 2 hours ago - Health

7 states set single-day coronavirus case records last week

Data: Compiled by Axios; Map: Danielle Alberti/Axios

Seven states set new highs last week for coronavirus infections recorded in a single day, according to the COVID Tracking Project and state health departments. Wisconsin and Nebraska surpassed records set the previous week.

Why it matters: Problem spots are sticking in the Midwest, although the U.S. is moving in the right direction overall after massive infection spikes this summer.

Murkowski says she opposes voting on Ginsburg replacement before election

Photo: Greg Nash/Pool/Getty Images

Sen. Lisa Murkowski (R-Alaska) said in a statement Sunday that she opposes holding a Senate confirmation vote on President Trump's nomination to replace Supreme Court Justice Ruth Bader Ginsburg before the election.

Why it matters: Murkowski joins Sen. Susan Collins (R-Maine) as one of two Republican senators who have thus far said that they do not support rushing through a confirmation vote before November. Two more defections would likely force Senate Majority Leader Mitch McConnell (R-Ky.) to resort to holding a vote in the lame-duck session, which neither Murkowski nor Collins have addressed.