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Secretary of State Rex Tillerson. Photo: Evan Vucci / AP

The State Department's most senior levels of leadership will be reduced in half by Dec. 1, and the level below them is being cut 18%, the New York Times reports, citing data from the American Foreign Service Association. Secretary of State Rex Tillerson has said the dept is a bloated bureaucracy and wants to eliminate 2,000 positions by Oct. of next year.

Why it matters: Former State Department officials have begun to publicly say the cuts are going too far, House Democrats say the department is undergoing an "intentional hollowing-out" and Republican Sen. John McCain and Democrat Jeanne Shaheen sent a letter to Tillerson that said "America's diplomatic power is being weakened internally as complex global crises are growing externally."

More from the Times:

"One result is that there is no one in place with responsibilities for some key trouble spots.
Although the North Korean nuclear crisis is the Trump administration's top priority, the administration has yet to nominate an assistant secretary for East Asia or an ambassador to South Korea, crucial positions to deal with the issue.
In the midst of the war in Syria and growing worries over a possible conflict between Saudi Arabia and Iran, there is no confirmed assistant secretary for Near Eastern affairs or ambassadors to Saudi Arabia, Turkey, Jordan, Egypt or Qatar. And as Zimbabwe confronts the future after the departure of Robert Mugabe, the department is lacking a confirmed assistant secretary for African affairs or an ambassador to neighboring South Africa."

Go deeper

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.