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Kids at the Children's Hospital of Alabama watch superhero window washers. Photo: Brynn Anderson / AP

Alabama will send letters to parents around Christmas notifying them that 84,000 kids stand to lose health coverage next year as funding for the Children's Health Insurance Program evaporates, Cathy Caldwell, director of Alabama's Bureau of Children's Health Insurance, confirmed to Axios.

Why it matters: Congress has failed to extend CHIP funding even though the program has bipartisan support. Democrat Doug Jones supports renewing CHIP money; Republican Roy Moore has not committed to funding CHIP, according to the Montgomery Advertiser.

More details: Alabama shares its CHIP funding among 84,000 children in its ALL Kids program and the 77,000 children in the regular Medicaid program. Only those in the ALL Kids program would be affected if Congress doesn't extend CHIP funding.

Go deeper

Exclusive: White House meeting with members of Problem Solvers Caucus

Members of the Problem Solvers Caucus discuss the COVID-19 relief bill in December. Photo: Oliver Contreras/Bloomberg via Getty Images

Top White House officials will meet Wednesday with a bipartisan coalition of House lawmakers as the administration tries to enlist moderates to support the president's infrastructure proposal.

Why it matters: The meeting is something of an olive branch after President Biden's team courted groups of progressives to back the $2.2 trillion package.

57 mins ago - Health

The new vaccine threat is fear itself

Illustration: Sarah Grillo/Axios

The FDA’s decision to pause the use of Johnson & Johnson's coronavirus vaccine has set off a chain reaction of fear — about the safety of the vaccine, and about whether the FDA is overreacting — that's causing unnecessary drama just as the vaccine effort is finally picking up speed.

The big picture: Throughout the pandemic, the public and the media, and sometimes even regulators, have struggled to keep risks in perspective — to acknowledge them without exaggerating them, and to avoid downplaying them because other people will exaggerate them.

Cryptocurrency giant Coinbase heads to Wall Street

Illustration: Annelise Capossela/Axios

Coinbase, the country's largest cryptocurrency exchange, is expected to go public today at what could be a valuation north of $100 billion.

Why it matters: This gives crypto a Wall Street seal of legitimacy, after an early existence marred by ties to illicit goods.