Andrew Harnik / AP
The White House is setting a new timeline for comprehensive tax reform, based on reported comments made today by chief economic advisor Gary Cohn.
U.S. Treasury Secretary Steve Mnuchin had originally said that he wanted tax reform done by the Congressional recess in August, but later told the FT that such a timeline was "highly aggressive to not realistic."
Illustration: Sarah Grillo/Axios
President Trump. Photo: Jim Watsonn/AFP via Getty Images
President Trump tweeted on Friday that his administration is "going a different way" with coronavirus aid after negotiations with congressional Democrats stalled again, suggesting he will use an executive order to address stimulus spending.
What he's saying: "Pelosi and Schumer only interested in Bailout Money for poorly run Democrat cities and states. Nothing to do with China Virus! Want one trillion dollars. No interest. We are going a different way!" Trump tweeted.
Illustration: Aïda Amer/Axios
President Trump's rhetoric on China has tended to run hotter than his actions — until now.
Why it matters: Even at the height of Trump's trade war, his administration never hit China as hard, as fast, and on as many fronts as it is right now.