Jan 18, 2017 - Politics & Policy

Trump's Goldman Sachs surge

Evan Vucci, Richard Drew / AP

Trump is adding to his Goldman crew, per Axios' Mike Allen. Jim Donovan is Trump's first choice for undersecretary of domestic finance. The others:

  1. Dina Powell, head of philanthropic investing at Goldman, will be Trump's economic assistant.
  2. Steven Mnunchin, former partner at the firm, will be Treasury secretary.
  3. Gary Cohn, former Goldman Sachs President, was named to the top White House economic post.
  4. Stephen Bannon, former M&A banker, will be chief strategist.
  5. Jay Clayton, who advised Goldman during the recession, was nominated as SEC chairman.
  6. Anthony Scaramucci, who began his career at Goldman, will be Trump's top advisor and White House liaison.

Trump's election win has also helped bolster Goldman shares, which have flirted with an all-time high as investors anticipate laxer financial regulation, lower taxes and pro-growth policies, according to the WSJ.

Go deeper

Fadel Allassan
12 mins ago - Politics & Policy

Pennsylvania GOP asks Supreme Court to halt mail-in ballot extension

Applications for mail-in ballots in Reading, Pennsylvania. Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

Republicans in Pennsylvania on Monday asked the U.S. Supreme Court to halt a major state court ruling that extended the deadlines for mail-in ballots to several days after the election, The Morning Call reports.

Why it matters: It's the first election-related test for the Supreme Court since the death of Justice Ruth Bader Ginsburg, and could decide the fate of thousands of ballots in a crucial swing state that President Trump won in 2016. What the court decides could signal how it would deal with similar election-related litigation in other states.

Go deeper (1 min. read)Arrow
Axios
Updated 13 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 33,217,895 — Total deaths: 999,273 — Total recoveries: 22,975,269 — Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 7,128,774 — Total deaths: 204,881 — Total recoveries: 2,766,280 — Total tests: 101,298,794 — Map.
  3. States: Cuomo extends New York moratorium on evictions until 2021
  4. Business: Companies are still holding back earnings guidance.
  5. Health: The childless vaccine — Why kids get less severe coronavirus infections.
  6. World: India the second country after U.S. to hit 6 million cases
Go deeper (<1 min. read)Arrow
Axios
1 hour ago - Politics & Policy

Democrats on Trump tax story: "This is a national security question"

House Speaker Nancy Pelosi said Monday that the New York Times report that President Trump has hundreds of millions of dollars in debt coming due within the next four years is a "national security question," and that the public has a "right to know" the details of his financial obligations.

The big picture: Democrats have already leapt on the Times' bombshell, which Trump has dismissed as "total fake news," to attack the president for allegedly paying less in federal income taxes than the average middle-class household.

Go deeper (1 min. read)Arrow