Andrew Harnik / AP

That was fast. A few hours after White House press secretary Sean Spicer gave an ambiguous answer about whether the administration is considering a carbon tax, the White House took it off the table.

"The Trump Administration is not considering a carbon tax," an official said.

Why it matters: The statement puts a cork in the longshot idea that the White House would throw its weight behind a carbon tax plan.

Former Secretary of State and the Treasury James Baker and other backers had pushed the idea in a meeting with senior White House officials early last month.

  • "Part of the [National Economic Council's] responsibility in coordinating economic policy for the President is to listen to a range of viewpoints on various issues," the White House official said in the statement ruling out a carbon tax.

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Updated 4 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 33,224,222 — Total deaths: 999,298 — Total recoveries: 22,975,298Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 7,134,874 — Total deaths: 204,905 — Total recoveries: 2,766,280 — Total tests: 101,308,599Map.
  3. States: Cuomo extends New York moratorium on evictions until 2021.
  4. Business: Companies are still holding back earnings guidance.
  5. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  6. World: India the second country after U.S. to hit 6 million cases.

Trump announces plan to distribute 150 million rapid coronavirus tests

President Trump announced on Monday that the federal government will distribute 150 million rapid, point-of-care coronavirus tests to states over the next few weeks, including to K-12 schools and vulnerable communities like nursing homes and assisted living facilities.

Why it matters: The Trump administration has stressed the importance of reopening schools in allowing parents to return to work and jumpstarting the economy.

1 hour ago - Podcasts

Digging into Trump's taxes

President Trump paid no federal income tax in 10 of the past 15 years, and just $750 in 2016 and 2017, according to a new report from the New York Times. He also is reported to have hundreds of millions of dollars in outstanding debts, most of which would come due during a second term.

Axios Re:Cap focuses on what is and isn't surprising about the revelations, plus how real estate developers are taxed, with Francine McKenna, an independent financial journalist and certified public accountant.