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Marine One passes Windsor Castle as President Biden visited Queen Elizabeth II in June. Photo: Pool/Max Mumby/Getty Images

President Biden plans to attend the G20 summit in Rome late next month before heading to the COP26 climate meeting in Glasgow, Scotland, people familiar with the matter tell Axios.

Why it matters: Biden's European travels come at the time of some political strain. They'll also include his first Group of 20 summit with world leaders as president, with a host of thorny issues ranging from countering China's rise to coordinating a global response to COVID-19.

  • In June, Biden participated in a G7 summit in Cornwall, England, where he worked to convince other countries to adopt a unified approach to countering China's rising global influence.
  • He has since angered France by secretly negotiating a submarine deal with the United Kingdom and Australia that led to the cancellation of a French contract for the vessels.
  • A G20 gathering also includes the leaders of countries not necessarily allied with the United States — or Biden — on a range of issues, including China, Russia, Turkey, Saudi Arabia and Brazil.

Go deeper: The White House hinted at the trip in a statement on Wednesday.

  • It announced the president would meet with French President Emmanuel Macron "in Europe at the end of October in order to reach shared understandings and maintain momentum in this process."
  • After the Oct 30-31 summit in Rome, Biden plans to attend the climate conference in Glasgow during the first week of November.

Go deeper

Dec 23, 2021 - Politics & Policy

Biden says a Trump 2024 run would increase his desire to seek re-election

President Biden during a meeting in the Eisenhower Executive Office Building in Washington, D.C., on Wednesday, Photo: Samuel Corum/Bloomberg via Getty Images

President Biden told ABC News in an interview that aired Wednesday he'll seek re-election in 2024 if he remains in good health, and if his predecessor runs "that'll increase the prospect" of him running.

Why it matters: There's been speculation that Biden, 79, may only serve one four-year term, due to age or other reasons.

The front-runners for Biden's Supreme Court pick

Judge Kentaji Brown Jackson (left) and Justice Leondra Kruger (right) Tom Williams-Pool/Getty Images and Lonnie Tague, US Department of Justice

Two highly accomplished Black female judges — Ketanji Brown Jackson, a judge on the D.C. Circuit Court of Appeals; and Leondra Kruger, a justice on the California Supreme Court — are seen as the early front-runners to replace retiring Supreme Court Justice Stephen Breyer.

The big picture: Jackson is a powerful federal judge with a record that progressives feel they can trust. Kruger was a highly regarded litigator and has carved out a reputation for working well with conservative judges.

Fed: Rate hikes are near

The Federal Reserve's headquarters building. Photo: Anna Moneymaker/Getty Images

The Federal Reserve is on track to raise its main target interest rate in mid-March, as Chair Jerome Powell pledged to be "humble and nimble" in adapting policy to a fast-changing economy.

Why it matters: Fed leaders are looking to choke off inflation by raising interest rates in the near future, but keeping its options open for how fast and far the effort will go.

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