Sen. Mark Warner (D-Va.) is warning that he could vote against the $3.5 trillion budget package if more money isn’t added for housing assistance to close the racial wealth gap in the current House version of the bill, Axios has learned.
Why it matters: Warner’s threat is another indication that the proposal will face a variety of obstacles before the House and Senate can agree to a top-line number, how that money is spent on specific programs — and how to pay for it all.
Kansas City Southern on Sunday said it has agreed to be acquired by Canadian Pacific Railway, in a deal that would create the only railway to run from Canada to Mexico.
Behind the scenes: This is the second time that KCS has agreed to be acquired by Canadian Pacific. It first accepted a takeover offer in March, but then walked away in May after a higher bid was submitted by rival railroad operator Canadian National Railroad.
Salesforce will help employees who want to leave Texas after a law that imposed a ban on abortions after six weeks went into effect this month, CEO Marc Benioff said on Friday.
Like many human tragedies, 9/11 was great news for defense contractors. Over the course of the past 20 years, they've brought in a stunning $7.35 trillion in revenue, according to a Defense News database. The overwhelming majority of that money came from the Pentagon.
Why it matters: Gone are the days when most of the defense budget was spent directly on soldiers. Since 9/11, war has become "modernized" — which means it's fought with extremely expensive weapons bought from highly profitable private-sector companies.
Welcome to a special edition of Axios AM that looks at the lasting impact of the Sept. 11 attacks and what we can expect in the coming years. It's led by Dave Lawler, author of the Axios World newsletter, with contributions from expert reporters across the Axios newsroom.
