Pablo Martinez Monsivais / AP

The White House called it quits Thursday on a council that was expected to advise President Trump on how to best improve U.S. infrastructure, acknowledging that participation in the council could subject members to intense criticism given the controversy surrounding Trump's handling of the Charlottesville, Virginia attacks, per the WSJ.

  • Why it matters: It's Infrastructure Week. And it suggests the Charlottesville fallout is having larger implications.
  • The announcement: "The President's Advisory Council on Infrastructure, which was still being formed, will not move forward," a White House official said Thursday.
  • Timing: The move comes just one day after Trump abruptly shut down his two key groups of outside business advisers.
  • Bad optics: Canceling plans for an infrastructure council the same week that the White House is supposed to be pushing its infrastructure agenda is only intensifying what has already been a tough week for the administration.

Go deeper

Updated 23 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: The pandemic is getting worse again New York reports most cases since MayMany U.S. coronavirus deaths were avoidable.
  4. Education: Boston and Chicago send students back home for online learning.
  5. World: Spain becomes first nation in Western Europe to exceed 1 million cases — France becomes the second.

Biden says he will appoint commission on Supreme Court reform

Photo: Chip Somodevilla/Getty Images

Joe Biden told CBS' "60 Minutes" this week that if elected, he would put together a bipartisan commission to study the federal court system and make recommendations for reform.

Why it matters: Biden has come under pressure to clarify his position on court packing after some Democrats suggested expanding the court if Senate Republicans confirm President Trump's Supreme Court nominee Amy Coney Barrett.

Dion Rabouin, author of Markets
54 mins ago - Economy & Business

Wall Street still prefers bonds

Illustration: Aïda Amer/Axios. Photo: Sunset Boulevard/Getty Contributor

Investors' return on U.S. corporate bonds has been falling since its August peak, but buying has only accelerated, especially in investment grade bonds that are offering historically low yields.

The state of play: Since hitting its 2020 high on Aug. 4, the benchmark Bloomberg Barclays U.S. bond aggregate has delivered a -2.2% return. (For comparison, the S&P 500 has gained 3.9% during the same time period.)

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