Eric Gay / AP

As part of a push against "socialistic" policies in big, blue cities like Austin, Texas Gov. Greg Abbott has called a special legislative session "aimed at curtailing local power," per the Washington Post.

A similar dynamic is playing out across the country, the Post notes, particularly in Republican-controlled states where more progressive metropolitan areas are growing in population, and power. North Carolina's controversial "bathroom bill," for example, was targeted at rolling back policies in Charlotte.

Pair that with a staggering projection from David Birdsell, a political scientist quoted by CityLimits.org

"By 2040, 70% of Americans are expected to live in the 15 largest states... home to the overwhelming majority of the 30 largest cities... that means 70% of Americans get all of 30 Senators and 30% get 70 Senators."

Why it matters: There's a lot of resentment in U.S. politics — and it goes both ways. Rural communities feel their influence waning, while urban areas feel underrepresented. These trends suggest it will only get worse.

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Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.