Apr 30, 2017

White House: China ‘starting to do something’ on North Korea

Susan Walsh / AP

National Security Adviser H.R. McMaster praised China on Sunday for steps toward confronting North Korea — including public statements, messages in the Chinese press, and a "more strident and stringent enforcement of existing U.N. sanctions."

"Yes, we do see China starting to do something," McMaster told Chris Wallace on Fox News Sunday.

"But it is clear, more needs to be done. We are going to ask China to do more as we do more, as [well as] our South Korean and Japanese allies."

McMaster said the U.S. could not "tolerate" the risks from a North Korean nuclear buildup, and he accompanied his diplomatic stance with a renewed threat, saying Trump would solve the issue "one war or another."

Between the lines: For the U.S. audience, McMaster is giving Trump a pat on the back for successfully recalibrating his rhetoric on China. For the international audience, McMaster is prodding Beijing to amp up efforts to further isolate North Korea.

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Updated 4 mins ago - Politics & Policy

New York reports lowest number of daily coronavirus deaths since March

The number of daily new coronavirus cases and deaths reported in New York was the lowest since the state started its lockdown in March, Gov. Andrew Cuomo said Tuesday, calling Memorial Day a "pivot point" for New York.

By the numbers: 73 New Yorkers died from coronavirus in the past 24 hours, and 200 people tested positive. Hospitalizations and intubations also decreased.

Why Hertz crashed

Illustration: Eniola Odetunde/Axios

Car rental giant Hertz filed for Chapter 11 bankruptcy on Friday, ostensibly felled by a pandemic that dramatically lowered demand at its airport counters.

Under the hood: Hertz is a Frankenstein of financial engineering, beginning with its leveraged buyout in 2005 and continuing long after its private equity owners cashed out.