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Photo: Jabin Botsford / The Washington Post via Getty Images

"With passage of an enormous budget bill, the GOP-controlled Congress all but wrapped up its legislating for the year," per AP: "In two big ways, Republicans have done what they promised. They passed a long sought tax overhaul bill that slashed tax rates. They've rolled back regulations, in ways they claim are boosting the economy. In the Senate, they confirmed a justice to the Supreme Court."

The state of play: "But there are signs Americans wanted more: immigration reforms, gun control legislation, even an infrastructure plan that President Donald Trump promised voters. Tax cuts, for now, will have to do."

Go deeper

Dion Rabouin, author of Markets
33 mins ago - Economy & Business

How GameStop exposed the market

Illustration: Eniola Odetunde/Axios

Retail traders have found a cheat code for the stock market, and barring some major action from regulatory authorities or a massive turn in their favored companies, they're going to keep using it to score "tendies" and turn Wall Street on its head.

What's happening: The share prices of companies like GameStop are rocketing higher, based largely on the social media organizing of a 3-million strong group of Redditors who are eagerly piling into companies that big hedge funds are short selling, or betting will fall in price.

Caitlin Owens, author of Vitals
1 hour ago - Health

Who benefits from Biden's move to reopen ACA enrollment

Photo: Chip Somodevilla/Getty Images

Nearly 15 million Americans who are currently uninsured are eligible for coverage on the Affordable Care Act marketplaces, and more than half of them would qualify for subsidies, according to a new Kaiser Family Foundation brief.

Why it matters: President Biden is expected to announce today that he'll be reopening the marketplaces for a special enrollment period from Feb. 15 to May 15, but getting a significant number of people to sign up for coverage will likely require targeted outreach.

2 hours ago - Technology

Big Tech bolts politics

Illustration: Eniola Odetunde/Axios

Big Tech fed politics. Then it bled politics. Now it wants to be dead to politics. 

Why it matters: The social platforms that profited massively on politics and free speech suddenly want a way out — or at least a way to hide until the heat cools. 

You’ve caught up. Now what?

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