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Charles Rex Arbogast / AP

Republicans are going wild over Kim Strassel's "Potomac Watch" column in the WSJ, "A GOP Regulatory Game Changer." The piece discusses how legal experts are arguing that Congress can use the Congressional Review Act to overrule and dismantle Obama regulations going back to 2009.

Why this matters: The accepted understanding in Washington is that the CRA can only used against new regulations, specifically those finalized in the past 60 legislative days.

"This is aggressive, sure, and would take intestinal fortitude. Some Republicans briefed on the plan are already fretting that Democrats will howl. They will," said Strassel.

Reaction: Conservative radio show host Hugh Hewitt this morning tweeted that he hopes the Drudge Report "puts a red siren" on Strassel's column, adding that it may be the most significant column he's read in years.

What's next: A Republican source says conservative staff and think tanks throughout D.C. are starting to dig into the legality of this. "[I]t's a novel idea, but would be a game changer if true. I think the procedural hurdles in the Senate might be messier than this piece states, but opens up all kinds of doors if it works."

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Go deeper

31 mins 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."

Battle for the soul of a new web

Illustration: Aïda Amer/Axios

A well-funded and intensely motivated chunk of tech's hive mind is finding common cause in a vast new project: rebuilding the web on a foundation of cryptocurrency and blockchain tech. They call it "Web3."

The big picture: Developers, investors and early adopters imagine a future in which the technologies that enable Bitcoin and Ethereum will break up the concentrated power today's tech giants wield and usher in a golden age of individual empowerment and entrepreneurial freedom.

First look: Biden summons top CEOs on supply chain

Photo: Alex Wong/Getty Images

President Biden will meet Monday afternoon with CEOs of big retailers, grocers and consumer-products firms to send this message, according to the White House: Products will be on shelves for holiday shopping.

Zoom out: Black Friday sales rebounded from 2020.

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