Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

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!

Want a daily digest of the top Denver news?

Get a daily digest of 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!

Want a daily digest of the top Des Moines news?

Get a daily digest of 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!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

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!

Photo: Tasos Katopodis/UPI/Bloomberg via Getty Images

President Biden will announce new actions on Tuesday aimed at closing the racial wealth gap as he commemorates the 100th anniversary of the Tulsa Race Massacre.

Driving the news: Biden will unveil the policies during a visit to Tulsa, Oklahoma, where a white mob destroyed America's wealthiest Black neighborhood in 1921 in what is considered to be the single worst episode of racial violence in U.S. history.

  • The president will tour the Greenwood Cultural Center with Housing and Urban Development Secretary Marcia Fudge, White House domestic policy czar Susan Rice, and public engagement director Cedric Richmond.
  • Biden will deliver remarks commemorating the 100th anniversary of the massacre and announcing the new policies at 4:15 p.m. ET.

Details: The initiatives will target homeownership and small business ownership, which the White House called "two key wealth-creators" for communities of color.

  • "Because disparities in wealth compound like an interest rate, the disinvestment in Black families in Tulsa and across the country throughout our history is still felt sharply today," the White House said in a statement.

The Department of Housing and Urban Development will publish two new rules that will "align federal enforcement practice" with the Fair Housing Act, and provide a legal framework for HUD to require public and private entities "to rethink established practices that contribute to or perpetuate inequities."

  • Biden will also direct HUD Secretary Marcia Fudge to lead an interagency effort to address inequities in housing appraisals, using "potential enforcement under fair housing laws, regulatory action, and development of standards and guidance."

The administration said it will increase the share of federal contracts directed to small disadvantaged businesses by 50% by 2026, seeking to lower barriers to entry and allow more "traditionally-underserved entrepreneurs to compete."

  • The White House says the investments will result in an additional $100 billion going to these businesses in 5 years.

Biden will also announce new details on the $10 billion community revitalization fund included in his infrastructure proposal.

  • The fund will target communities "that suffer from the effects of persistent poverty, historic economic disinvestment, and ongoing displacement of longtime residents," the White House said.
  • Another proposal will "support the planning, removal, or retrofitting of existing transportation infrastructure that creates a barrier to community connectivity."

Go deeper:

Go deeper

Biden proclaims day of remembrance on 100th anniversary of Tulsa massacre

President Biden speaks during a Memorial Day ceremony at Arlington National Cemetery in Arlington, Virginia, on Monday. Photo: Tasos Katopodis/UPI/Bloomberg via Getty Images

President Biden issued a proclamation to commemorate the 100th anniversary of the Tulsa Race Massacre and declared Monday to be a "Day of Remembrance."

Driving the news: Biden said he wanted Americans to reflect on "this solemn centennial" the "deep roots of racial terror in our nation and recommit to the work of rooting out systemic racism across our country."

Updated Jun 1, 2021 - Politics & Policy

In photos: Tulsa honors massacre victims, 100 years on

Tulsa Race Massacre survivors Viola Fletcher and Hughes Van Ellis attend a soil dedication ceremony for victims of the white supremacists' rampage in Tulsa, Oklahoma, on May 31. Photo: Christian Monterrosa/Bloomberg via Getty Images

Survivors of the Tulsa Race Massacre, civil rights leaders and scores of other Americans came together in the Oklahoma city Monday to mark the 100th anniversary of the atrocity.

The big picture: The Greenwood District of Tulsa has marked the 1921 killing of some 300 Black residents by a white mob that destroyed a thriving, middle-class Black community over the past three days with peaceful protests, "parades, concerts and panel discussions," per the Washington Post.

GOP senators hint they're looking for infrastructure deal

Senator Shelley Moore Capito, a Republican from West Virginia, left, speaks during a news conference at the U.S. Capitol on May 27. Photo: Stefani Reynolds/Bloomberg via Getty Images

Key Senate Republicans in talks with the White House to negotiate down the administration's trillion-dollar infrastructure package indicated this weekend that they are still looking for a deal.

Why it matters: The White House recently proposed a $1.7 trillion counteroffer to GOP calls to cut spending — below the original $2 trillion price tag, but still too high for Republican negotiators.