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President Biden greets attendees during a commercial break in Baltimore last night. Photo: Nicholas Kamm/AFP via Getty Images

What matters from President Biden's town hall with CNN's Anderson Cooper at Baltimore Center Stage on Thursday:

The biggest headline: Biden is jettisoning the corporate tax increases that White House officials have insisted, for the past 10 months, are wildly popular across the country. He admitted he doesn't have the votes.

State of play for social-spending package: Expanding Medicare for dental and vision benefits, a priority for Sen. Bernie Sanders, is a "reach," Biden said, because "Manchin is opposed" ... Twelve weeks of paid family leave — whittled to four weeks ... Two years of free community college is now more Pell Grants: "I guarantee you, we're going to get free community college in the next several years."

Filibuster: Biden signaled openness to ending the Senate filibuster rule for voting rights legislation "and maybe more" issues.

Gas prices: "My guess is you’ll start to see gas prices come down ... in 2022. I don’t see anything that's going to happen in the meantime that's going to significantly reduce gas prices."

Taiwan: Biden punctured strategic ambiguity on coming to Taiwan's defense if China attacked: "Yes, we have a commitment to do that." A White House spokesperson told me: "The President was not announcing any change in our policy and there is no change in our policy." But Beijing will assume that's the real policy.

Go deeper: Biden on filibuster ... Biden on taxes ... Transcript.

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Go deeper

Pence: "Tragic" Jan. 6 no reason to scrap filibuster

Photo: Drew Angerer via Getty Images

Former Vice President Mike Pence on Friday called the Jan. 6 Capitol riot an attempt to "overturn results of the presidential election that had been certified by all 50 states."

Why it matters: Though the former vice president's op-ed in the Washington Post focuses on rebutting filibuster reforms, these are also the most public statements Pence has made about the post-election narrative and the attack as an effort to interfere with President Biden's victory.

King family leads Arizona rally to mobilize support for voting rights bills

Martin Luther King III addresses a "Let's Finish the Job for the People" rally near the U.S. Capitol on Sept. 14, 2021. Photo: Chip Somodevilla/Getty Images

Family members of Rev. Martin Luther King Jr. honored his birthday Saturday with a rally in Arizona to mobilize support for voting rights legislation.

Driving the news: The rally comes days after Martin Luther King III admonished Sen. Kyrsten Sinema (D-Ariz.) on Thursday, saying history will remember her "unkindly" for voicing her opposition to abolishing the filibuster to pass major voting rights bills.

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.