Apr 12, 2017

Trump's legislative logjam

President Trump laid out his legislative priorities Tuesday in an interview with Fox Business — first up is health care, followed by tax reform:

"I have to do healthcare first... all of that saving [from health care] goes into the tax, if you don't do that you can't put any of the savings into the tax cut and tax reform."

Meanwhile, the AP reports that the White House is designing a "two-for-one deal" on infrastructure: $1 trillion in spending paired with regulatory cuts.

Why it matters: Trumpcare is still a long way from passing, and the timeline for tax reform is quietly being pushed back. Infrastructure may actually be the easiest sell politically, but it's caught up in a legislative logjam that won't be broken so long as health care is in the way.

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China tries to contain coronavirus, as Apple warns of earnings impact

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

As China pushes to contain the spread of the novel coronavirus — placing around 780 million people under travel restrictions, per CNN — the economic repercussions continue to be felt globally as companies like Apple warn of the impact from the lack of manufacturing and consumer demand in China.

The big picture: COVID-19 has now killed at least 1,775 people and infected more than 70,000 others, mostly in mainland China. There are some signs that new cases are growing at a slower rate now, although the World Health Organization said Monday it's "too early to tell" if this will continue.

Go deeperArrowUpdated 2 hours ago - Health

Apple will miss quarterly earnings estimates due to coronavirus

Apple CEO Tim Cook

Apple issued a rare earnings warning on Monday, saying it would not meet quarterly revenue expectations due to the impact of the coronavirus, which will limit iPhone production and limit product demand in China.

Why it matters: Lots of companies rely on China for production, but unlike most U.S. tech companies, Apple also gets a significant chunk of its revenue from sales in China.

America's dwindling executions

The Trump administration wants to reboot federal executions, pointing to a 16-year lapse, but Pew Research reports the government has only executed three people since 1963.

The big picture: Nearly all executions in the U.S. are done by states. Even those have been steadily dropping for two decades, per the Bureau of Justice Statistics (BJS) — marking a downward trend for all executions in the country.