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Chair of the Council of Economic Advisers, Kevin Hassett. Photo: Alex Wong/Getty Images

White House chief economic adviser Kevin Hassett, during a presentation on the overall health of the economy, pushed back Monday on comments made by former President Obama last week, saying its "factually incorrect” to assert that current economic gains are a continuation of trends from the previous administration.

Yes, but: Hassett made a point to note that the presentation he gave today was "not in any way a timing that's related" to Obama's speech, adding that his appearance in the briefing room had been planned for weeks. He also said President Trump's tweet from earlier today falsely claimed GDP growth has exceeded the unemployment rate for the first time in over 100 years. It's 10 years, Hassett said, not 100 years.

Go deeper

Jack Dorsey to step down as Twitter CEO

Photo: Joe Raedle/Getty Images

Jack Dorsey will step down as CEO of Twitter, the company announced Monday. He will be succeeded by CTO Parag Agrawal.

The big picture: Dorsey is also the CEO of financial payments company Square, which he co-founded in 2009, and has become a crypto evangelist in recent years.

Tracking the pandemic's unequal impact

Expand chart
Data: Morning Consult/Axios; Chart: Will Chase/Axios

The pandemic was bound to hit the most economically vulnerable among us the hardest. New polling data from Morning Consult, out this morning, shows the degree to which those difficulties were more concentrated among people of color.

Catch up quick: The Morning Consult/Axios Inequality Index has tracked the economic experience of adults in three wage groups since May 2020. We began publishing the findings in May of this year, and six months in, we’re slicing the data a little differently — and looking at inequality between ethnicities.

2 hours ago - Health

WHO says Omicron poses "very high" risk

World Health Organization Director-General Tedros Adhanom Ghebreyesus speaking in Geneva in October. Photo: Fabrice Coffrini/AFP via Getty Images

The World Health Organization said Monday in a new risk assessment that it believes the COVID-19 Omicron variant poses a "very high" risk to the globe because it may be more transmissible than other strains of the virus.

Why it matters: Though the WHO acknowledged there are still many uncertainties associated with the variant, the agency said it believes the likelihood of potential further spread of Omicron around the world is "high."

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