Mar 3, 2017

White House doesn’t expect Paris climate decision next week

Ted S. Warren / AP

The suspense over whether President Trump will abandon the Paris climate accord will probably last a while longer. "There's no plan at this point to have a decision on this by next week," a White House official said of the 2015 international emissions pact, adding that, "I don't think it's coming down next week."

The comment follows a New York Times report Thursday that Trump wanted to make a decision by next week to coincide with the upcoming executive order that will start unwinding EPA's carbon emissions rules for power plants.

What's next: While Paris remains under discussion in the administration, the White House is still planning to issue the order next week aimed upending the power plant rules and some other Obama-era policies, including a freeze on new coal mining leases on federal lands.

Go deeper

Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.