Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

President-elect Joe Biden has released his new presidential transition website, where he outlined his plans to address four main issues: COVID-19, economic recovery, racial equity and climate change.

Why it matters: Even as President Trump continues to contest the election and push unsubstantiated claims of widespread voter fraud, the Biden team is moving forward as it faces a historic set of challenges.

COVID-19: Biden and Harris have a seven-point plan to address the coronavirus.

  1. Set up regular, reliable and free testing for all Americans.
  2. Create a larger supply of personal protective equipment made in the U.S.
  3. Provide guidance for how communities should navigate the pandemic by using a renewable fund for local governments and providing a “restart package” that would cover safe operation costs for small businesses.
  4. Invest $25 billion in a vaccine manufacturing and distribution plan.
  5. Protect older Americans and others at high risk by establishing a COVID-19 "racial and ethnic disparities task force" and creating a nationwide pandemic dashboard that's updated in real time.
  6. Restore the nation's relationship with the World Health Organization and bring back the White House National Security Council Directorate for Global Health Security and Biodefense, originally established by the Obama-Biden administration.
  7. Implement mask mandates by working with local authorities.

Economic recovery: The transition team says its "ultimate goal" is to mobilize American manufacturing and innovation and build a modern infrastructure for clean energy. Biden wants to reopen the economy by controlling the pandemic first, providing aid to local governments to prevent more workers from getting laid off, and extending COVID crisis unemployment insurance.

Racial equity: The Biden-Harris administration wants to provide equity in business, pass police reform legislation, and reduce the prison population.

  • The plan is to strengthen the Federal Reserve’s focus on racial economic gaps, promote diversity in leadership (especially in federal agencies), improve access to affordable housing, boost retirement security and financial wealth for minorities, and address long-standing inequities in agriculture.
  • Police reform: Biden wants to ban chokeholds, stop the transfer of weapons of war to police forces and create a national police oversight commission.
  • Prison population: Ensure fair sentences, offer second chances based on the belief that the system should be focused on redemption and rehabilitation, and support survivors of violence.

Climate change: The new administration wants to make large investments in ...

  • Infrastructure: Rebuild roads, water systems and electricity grids as well as develop systems for clean air and water.
  • Auto industry: Develop domestic auto supply chains and infrastructure.
  • Transit: Provide every city that has 100,000 or more residents with zero-emissions public transportation options — ranging from installing rail networks and improving existing transit lines to implementing options for pedestrians and bicyclists.
  • Power sector: Achieve a carbon pollution-free power sector by 2035.
  • Buildings: Upgrade 4 million buildings and weatherize 2 million homes.
  • Housing: Construct 1.5 million sustainable homes and housing units.
  • Innovation: Reduce the cost of critical clean energy technologies and rapidly commercialize them. These technologies include battery storage, building materials, renewable hydrogen and advanced nuclear.
  • Agriculture and conservation: Plug abandoned oil and natural gas wells and reclaim abandoned coal, hardrock, and uranium mines.
  • Environmental justice: Ensure that environmental justice is a key consideration in where, how and with whom we build.

Go deeper

Progressives shift focus from Biden's Cabinet to his policy agenda

Joe Biden giving remarks in Wilmington, Del., last month. Photo: Roberto Schmidt/AFP via Getty Images

Some progressives tell Axios they believe the window for influencing President-elect Joe Biden’s Cabinet selections has closed, and they’re shifting focus to policy — hoping to shape Biden's agenda even before he’s sworn in.

Why it matters: The left wing of the party often draws attention for its protests, petitions and tweets, but this deliberate move reflects a determination to move beyond some fights they won't win to engage with Biden strategically, and over the long term.

Amy Harder, author of Generate
Dec 3, 2020 - Energy & Environment

Nuclear power subsidy sign of climate debate to come

Illustration: Rebecca Zisser/Axios

A bipartisan Senate bill subsidizing existing nuclear power plants and backing new kinds of such technology passed a congressional committee on Wednesday.

Why it matters: It won’t become law before year’s end, but it’s likely to resurface in 2021 as an example of the type of bipartisan compromise expected under a divided Congress with President-elect Joe Biden in the White House.

Dec 4, 2020 - Politics & Policy

Thursday night frights for Biden White House

Reproduced from Homebase; Chart: Axios Visuals 

President-elect Joe Biden is building an economic team to deal with a post-COVID economic free fall, and a jobs report coming out Friday — expected to show reduced hiring last month — is anticipated to give that group a preview of coming attractions.

Why it matters: Biden's economic advisers are worried any failure to inject money into the economy now will only multiply their challenges once they take office, but President Trump remains fixated on litigating his election loss.