Photo: Joe Raedle/Newsmakers

Senate Republicans' version of the "phase 3" coronavirus stimulus, which stalled in a procedural vote last night, would provide $3 billion for the White House plan to buy 77 million barrels of oil for the Strategic Petroleum Reserve.

What we're watching: Whether Capitol Hill negotiations on this or subsequent bills will address the renewable power sectors' push — backed by some Democrats — to modify and extend availability of tax incentives.

Why it matters: Solar and wind industry groups are starting to provide early projections of the economic fallout as the frozen economy hits development and coronavirus forces workers home.

Solar: The Solar Energy Industries Association, in a memo that accompanied this letter to Congress, cites analysts' estimates of "losses between 16% and 30% of volume this year and some sectors could see as much as 50% reduction."

  • That could mean jobs losses in the 38,000–120,000 range, a huge chunk of the sectors' roughly 250,000 workforce.

Wind: The American Wind Energy Association says roughly 25 gigawatts worth of planned project are at risk, representing $35 billion worth of investment.

  • 35,000 jobs are at risk, the group said.

Go deeper: Senate's trillion-dollar coronavirus stimulus bill hits speed bump

Go deeper

Dion Rabouin, author of Markets
37 mins ago - Politics & Policy

Wall Street fears stimulus is doomed

Illustration: Sarah Grillo/Axios

The fight over a new Supreme Court justice will take Washington's partisan bickering to a new level and undermine any chance for needed coronavirus relief measures before November's election, Wall Street analysts say.

What we're hearing: "With the passing of Justice Ginsburg, the level of rhetorical heat has increased, if that seemed even possible," Greg Staples, head of fixed income for the Americas at DWS Group, tells Axios in an email.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 a.m. ET: 31,346,086 — Total deaths: 965,294— Total recoveries: 21,518,790Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 6,858,130 — Total deaths: 199,890 — Total recoveries: 2,615,949 — Total tests: 95,841,281Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: U.K. upgrades COVID alert level as Europe sees worrying rise in infections — "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.
2 hours ago - Technology

Why Puerto Rico is still struggling to get online

Illustration: Sarah Grillo/Axios

Internet connectivity remains a weak link for the disaster-wracked U.S. territory Puerto Rico, and some experts fear a new tranche of Federal Communications Commission subsidies set aside just for the island might not help the people most in need of a broadband connection.

Why it matters: Puerto Rico is locked out of most federal funding available to U.S. states to help expand internet service. The island risks being left behind as carriers expand and upgrade high-speed internet networks elsewhere, even as infrastructure-damaging tropical storms come faster and harder and the pandemic makes broadband even more of a must-have.

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