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Meadows: White House and Democrats are "nowhere close to a deal" on coronavirus stimulus

White House chief of staff Mark Meadows told reporters after meeting with Democratic leaders on Wednesday that the two sides are "nowhere close to a deal" on a coronavirus stimulus bill, and acknowledged that extra unemployment benefits will expire on Friday.

Why it matters: More than 32 million Americans are currently receiving some form of unemployment benefits, according to the most recent Labor Department data. Democrats had hoped to extend the $600 weekly supplemental unemployment benefit passed in the $2.2 trillion CARES Act, but the Senate GOP remains extremely divided.


The state of play: The White House has repeatedly floated the option of passing a "skinny" bill to extend unemployment benefits, but House Speaker Nancy Pelosi (D-Calif.) has rejected that option as unacceptable: "We have to have a comprehensive full bill," she said.

  • Senate Minority Leader Chuck Schumer (D-N.Y.) told reporters, "They're tied in a total knot because of the disunity in their caucus, their inability to gather votes."
  • "We want to come back and keep talking to them but they don’t have anything to say," Schumer added.

The bottom line: Asked what would be necessary to achieve a breakthrough, Meadows replied, "I don't know that anything does."

Go deeper ... "This is not going to be the bill": GOP senators criticize their own stimulus proposal

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Fall antitrust forecast: Biden raises hammer on Big Tech

The antitrust scrutiny of tech giants that began during the Trump era will only intensify this fall as Big Tech critics Lina Khan, Tim Wu and Jonathan Kanter take the lead on competition policy and enforcement in the Biden administration.

Why it matters: Facebook, Google, Amazon and Apple face threats from federal regulators, Congress, state attorneys general and European Union authorities.

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German publisher Axel Springer acquires Politico

German publishing giant Axel Springer has acquired Politico, according to a news release out Thursday.

Why it matters: The deal is valued at about $1 billion, per CNN, making it one of the most expensive media merger deals of late. Axel Springer also acquired the remaining 50% of the two companies' joint venture, Politico Europe, and the tech news website Protocol from publisher Robert Allbritton.

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