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House Majority Whip Jim Clyburn (D-S.C.) said on CNN's "State of the Union" Sunday that the coronavirus committee created by Nancy Pelosi (D-Calif.) will oversee how the $2 trillion stimulus bill is distributed during the pandemic, not the federal government's initial response to the virus.

What he's saying: "This is not about the president of the United States or even the independent counsel or the inspector general. This is about focusing on how the money is spent, whether or not the people who are getting the money are actually working on behalf of the American people, or whether or not they are profiteering."

  • The committee will not "be looking back on what the president may or may not have done back before this crisis hit."
  • "The governor of New York recently said that masks that he was spending 70 cents for, he's now having to spend $7 for," Clyburn said. "Is that price gouging? I think it is, and that's what this committee is all about."

What they're saying: House Minority Leader Kevin McCarthy (R-Calif.) called the committee "redundant" and said he's concerned that Clyburn will be heading it, CNN reports.

Between the lines: The $2 trillion stimulus bill passed by Congress in March includes three oversight mechanisms to see how $500 billion for business loans is spent.

  • Pelosi said that the committee will have subpoena power, giving it significant oversight powers over the federal government.

Go deeper: Biden says he'll follow CDC mask guidance

Go deeper

Updated 7 hours ago - Sports

The potential GOAT of chess faces intriguing challenger

Illustration: Sarah Grillo/Axios

The World Chess Championship between Norway's Magnus Carlsen and Russia's Ian Nepomniachtchi began on Friday, 1,094 days after Carlsen won his fourth consecutive title.

Why it matters: During the long, COVID-fueled layoff, chess entered a new era, and with the championship finally here, the age-old game is ready for its close-up.

Department of Interior proposes raising cost of drilling on public lands

A horizontal drilling rig and a pump jack sit on federal land in Lea County, New Mexico. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Oil and gas companies should pay more to drill on federal lands and waters, the Department of the Interior argued in a report released Friday, saying that the current rates were "outdated."

Driving the news: The Department of Interior report said that the federal government's oil and gas leasing and permitting program "fails to provide a fair return to taxpayers, even before factoring in the resulting climate-related costs that must be borne by taxpayers."

8 hours ago - Health

U.S. to restrict air travel from 8 countries over new COVID variant concerns

A COVID-19 vaccine is administered. Photo by Joe Raedle/Getty Images

The U.S. will impose new air travel restrictions in response to the Omicron variant, a new COVID strain first detected in South Africa, President Biden announced Friday.

The big picture: Air travel from South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi will be restricted starting on Monday.