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President Biden meets in the Oval Office in Washington, D.C., on Monday. Photo: Doug Mills/New York Times/Pool/Getty Images

President Biden in an op-ed published by Yahoo! News Monday pledged to do more to tackle climate change as he touted the $1.2 trillion infrastructure deal he reached with a group of bipartisan senators.

Why it matters: Biden has faced criticism from progressives over the agreement for not doing enough to address issues such as climate change. Reps. Cori Bush (D-Mo.) and Alexandria Ocasio-Cortez (D-N.Y.) joined hundreds of protesters outside the White House Monday to demand the president act on the matter.

Reps. Cori Bush and Alexandria Ocasio-Cortez on Monday rallying hundreds of young Sunrise Movement climate activists near the White House to demand that Biden work to make the Green New Deal into law. Photo: Chip Somodevilla/Getty Images

What he's saying: "While the bill is missing some critical initiatives on climate change that I proposed — initiatives I intend to pass in the reconciliation bill — the infrastructure deal nonetheless represents a crucial step forward in building our clean energy future," Biden wrote in his op-ed.

  • "It would make the largest investment in clean energy transmission in American history, modernizing our power grid to accelerate the build-out of zero-carbon, renewable energy. It would replace thousands of gas-guzzling buses with clean, electric ones — including 35,000 electric school buses. It would cap abandoned wells leaking methane gas.
"And more: The deal would deploy a nationwide network of charging stations for electric vehicles — 500,000 stations in total. It makes historic investments in rail and transit that will get passenger vehicles off the road and reduce fossil fuel consumption. There's much more work to do to reach our ambitious climate goals, but the investments in this deal are critical in facilitating our transition to a clean energy economy."

Of note: Biden acknowledged that neither Democrats nor Republicans got everything they wanted in the infrastructure deal, but said this was needed in order to reach a consensus.

What they're saying: Ocasio-Cortez vowed to the protest crowd to push for Green New Deal policies. She noted that when the New Deal-era Civilian Conservation Corps was introduced, they were told it was too ambitious.

  • "We hired and mobilized a quarter-million people in three months," she said. "We're going to get that into this infrastructure bill."
  • Bush said "police violence and climate change are not standalone issues," as she advocated to act on policies including the People's Response Act — a bill she introduced to Congress Monday, which would create an agency within the Department of Health and Human Services to research and fund alternatives to incarceration and policing.

Go deeper

U.S. Chamber says it supports standalone BIF, rejects reconciliation

The Chamber of Commerce. Photo: Bill Clark/CQ Roll Call

The U.S. Chamber of Commerce issued a statement late Monday clarifying its support for the Senate-passed $1.2 trillion infrastructure bill if passed independently. But it rejected President Biden linking it to his broader, $3.5 trillion reconciliation package.

Driving the news: The statement came shortly after the Chamber told Axios it opposed passage of the bipartisan infrastructure bill, given Biden linked the measure to his reconciliation proposal during his meeting with House Democrats on Friday.

Fed: Rate hikes "will soon be appropriate"

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

Federal Reserve officials expect "it will soon be appropriate" to raise the central bank's main target interest rate, setting the stage for a rate hike at its next meeting in mid-March.

Driving the news: In a statement following a two-day meeting published Wednesday afternoon, however, the policy-setting Federal Open Market Committee teed up its next move without taking new action.

How long it’s taken to confirm Supreme Court justices

Expand chart
Data: Axios research, U.S. Supreme Court, Supreme Court Historical Society; Chart: Jacque Schrag/Axios

It takes a U.S. president an average of 70 days from the date a Supreme Court seat is vacated to nominate a replacement, according to data from the Supreme Court Historical Society.

Why it matters: With news outlets reporting liberal Supreme Court Justice Stephen Breyer's plans to retire, Democrats will be looking to confirm President Biden's nominee with enough time to refocus the national political debate ahead of the midterms.