Evan Vucci / AP

Treasury Secretary Steve Mnuchin gave a background briefing on the financial services Executive Order and Memorandums Friday that Trump is signing later today.

Tax executive order: The Treasury will review all of the tax regulations going back to the start of 2016, and will cut any regulations that are detrimental to U.S. businesses. The priority is making U.S. corporations more competitive and creating incentives that will deter them from moving abroad. Mnuchin also emphasized that Trump will soon be working with Congress on a comprehensive tax reform package.

Memorandums: The two memorandums encompass "all of the aspects of Dodd-Frank, but go much further," said Mnuchin.

  1. Trump will not direct the Treasury to use their Orderly Liquidation Authority (OLA) unless under extreme circumstances
  2. The Treasury will complete a comprehensive review of the Financial Stability Oversight Council (FSOC)

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 33,867,247 — Total deaths: 1,012,341 — Total recoveries: 23,537,059Map.
  2. U.S.: Total confirmed cases as of 8 p.m. ET: 7,229,319 — Total deaths: 206,887 — Total recoveries: 2,840,688 — Total tests: 103,939,667Map.
  3. Education: School-aged children now make up 10% of all U.S COVID-19 cases.
  4. Health: The coronavirus' alarming impact on the body.
  5. Business: Real-time data show economy's rebound slowing but still going.
  6. Sports: Steelers-Titans NFL game delayed after coronavirus outbreak.
Ina Fried, author of Login
2 hours ago - Technology

Facebook removes Trump ads tying refugees to COVID-19

Photo Illustration: Aïda Amer/Axios. Photo: Saul Loeb/AFP via Getty Images

Facebook said Wednesday that it was removing a series of ads from President Trump's campaign that linked American acceptance of refugees with increased coronavirus risk, a connection Facebook says is without merit.

Why it matters: The ads were pulled after they received thousands of impressions and are a sign that the Trump campaign continues to test the limits of social media rules on false information.

Over 73 million people watched the first debate on TV

Data: Nielsen; Chart: Andrew Witherspoon/Axios

More than 73.1 million people watched the first presidential debate on television on Tuesday night, according to Nielsen ratings.

Why it matters: While that's a sizable audience for any American TV program, it's down more than 13% from the record number of TV viewers who tuned in for the first debate of the 2016 election. The chaotic nature of the debate and the overall uncertainty around this year's election may have pushed some viewers away.