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 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!

Denver news in your inbox

Catch up on 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!

Des Moines news in your inbox

Catch up on 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!

Minneapolis-St. Paul news in your inbox

Catch up on 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!

Tampa Bay news in your inbox

Catch up on 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!

Charlotte news in your inbox

Catch up on 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!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Kushner at the opening of the U.S. embassy in Jerusalem. Photo: Ilia Yefimovich/picture alliance via Getty Images

Manama, Bahrain — The U.S.-led conference to launch the economic part of the Trump administration's Israeli-Palestinian peace plan will begin today in Bahrain amid an ever-growing crisis between the White House and Palestinian leadership.

Why it matters: The White House and the Palestinian Authority are both hoping Palestinian public opinion will favor their narrative around the plan.

The latest: The White House released an overview of the economic plan on Saturday, and hopes to use the Bahrain conference to generate debate about it in the international community and especially within Palestinian society.

  • Jared Kushner, who leads the White House "peace team," will give the opening speech.

The Palestinian leadership sees the Trump administration as hostile and anti-Palestinian.

  • Palestinian President Abbas and other officials are pushing hard against the U.S. plan.
  • They claim it is a conspiracy to turn a political issue into a humanitarian or economic one, to legitimize Israeli occupation and to wipe out any possibility for the Palestinians to fulfill their national aspirations for an independent state.

The Trump administration, on the other hand, tries to differentiate between the Palestinian leadership and the Palestinian people.

  • U.S. officials claim Abbas and other Palestinian leaders aren't looking out for the best interests of their people. They claim ordinary Palestinians are much more pragmatic than their leaders, and want most of all to improve their living conditions.

The Palestinian Authority and the White House have been fighting for several weeks over attendance at the Bahrain conference.

  • The U.S. managed to get all the Gulf states plus Egypt, Jordan and Morocco to send delegations.
  • The White House also managed to get Russia and China to send representatives even after both countries said they'd boycott.

On the other hand, Palestinian pressure led all the Arab attendees and even many Western countries to send only low or mid-level officials, and stress they're in listening mode and won't support any plan the Palestinians reject.

  • Treasury Secretary Steven Mnuchin, who will lead the U.S. delegation, hoped to see upwards of 10 of his counterparts. In the end, very few if any finance ministers will attend.
  • Palestinian pressure also led Egypt, Jordan and other Arab states to ask the White House to refrain from inviting Israel's minister of finance and other government officials. In the end, the only Israeli attendees will be businesspeople.

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.