Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Trump talks with journalists after signing tax reform legislation in the Oval Office yesterday. (Chip Somodevilla/Getty Images)

Top White House officials tell us they anticipate 2018 will be a legislative and accomplishments grind, exacerbated by the very realistic prospects of losing their congressional majorities.

  • Complicating matters, President Trump faces a wave of staff departures, with thin pickings for replacements.
  • During Year 1, Trump had a ready supply of executive orders that he could sign while Congress dithered. But we're told there's not a big cupboard of new ones for next year: The most feasible ones have been done.
  • In this most improvisational of presidencies, there isn't a clear answer to what domestic topic to tackle next. "It's tough to look out on the horizon and see another sure or easy victory," one official said.

What's ahead: Earlier this month, economic staffers got a calendar invite for a Jan. 3 meeting with Gary Cohn to begin a push on infrastructure.

  • The top targets include reform of a permit quagmire that can last decades for a major project, and funding for what the White House calls "transformational technologies" — infrastructure for self-driving vehicles, and a boost for "tunneling" to make way for underground high-speed rail.
  • That could get some Democratic votes. But fiscal conservatives in the Republican base are never going to be wild about spending on public works.
  • A source close to the White House said that in a midterm year, "Do you really want a bipartisan issue? What is going to mobilize people to go to the polls and say. 'I have to vote for a Republican?"

At the same time, the White House will begin promoting welfare reform, with a job-training element to try to attract Democrats:

  • Speaker Paul Ryan is all for this. But Senate Majority Leader Mitch McConnell coolly choked the idea during an Axios News Shapers conservation with me this week: The measure would need 60 votes, and he doesn't see it attracting a single Democrat, making it a mathematical dead end.
  • There are other possibilities. At the Axios event, McConnell said for the first time that a bipartisan banking reform bill will get "early consideration" on the Senate floor in 2018, calling it "an important thing to do." But that really isn't a base-motivator, either.
  • AP's Alan Fram points out in a lookahead story for Congress: "Since Republicans will have just a 51-49 Senate majority next year — well shy of the 60 votes needed to pass most bills — Democrats will have leverage for most things, including a deal to prevent a politically jolting January federal shutdown."

Be smart: Most people ignore midterm elections and don't bother voting. Next year feels different: The Trump show has grabbed a sustained audience and Democrats, especially women, want it canceled ASAP. This will further galvanize Democrats and polarize the two parties.

  • Sleeper issue: Still lots of rumblings of another Supreme Court retirement. Nothing would light up D.C. like the chance for a Trump Court to rule the land for a generation.
Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
Please enter a valid email.
Please enter a valid email.
Server error. Please try a different email.
Subscribed! Look for Axios AM and PM in your inbox tomorrow or read the latest Axios AM now.

Go deeper

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: DACA was implemented under former President Obama, but President Trump has sought to undo the program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting applications starting Monday and guarantee that work permits are valid for two years.

Updated 48 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci says he accepted Biden's offer to be chief medical adviser "on the spot" — The recovery needs rocket fuel.
  2. Health: CDC: It's time for "universal face mask use" — Death rates rising across the country — Study: Increased testing can reduce transmission.
  3. Economy: U.S. economy adds 245,000 jobs in November as recovery slows — America's hidden depression: K-shaped recovery threatens Biden administration.
  4. Cities: Bay Area counties to enact stay-at-home order ahead of state mandate
  5. Vaccine: What vaccine trials still need to do.
  6. World: UN warns "2021 is literally going to be catastrophic"
  7. 🎧 Podcast: Former FDA chief Rob Califf on the vaccine approval process.
2 hours ago - Health

Bay Area counties to enact stay-at-home order ahead of state mandate

Golden Gate Park. Photo: Justin Sullivan via Getty

Counties around the San Francisco Bay Area will adopt California’s new regional stay-at-home order amid surges in cases and ICU hospitalizations, health officials said Friday.

The big picture: California Gov. Gavin Newsom announced a three-week stay-at-home order on Thursday that would go into effect in regions with less than 15% ICU capacity. Despite the Bay Area’s current 25.3% ICU capacity, health officials from Alameda, Contra Costa, Marin, Santa Clara, San Francisco and the city of Berkeley are moving ahead with a shelter-in-place mandate in the hopes of reducing risk.