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Illustration: Sarah Grillo/Axios

Top House Democrats are taking a page from the Green New Deal playbook by offering a sweeping proposal that’s aimed at building momentum — but leaves tough choices for later.

Driving the news: Thursday, over 150 House Democrats floated legislation aimed at bringing the country to net-zero greenhouse gas emissions by 2050.

  • Rep. Donald McEachin's bill is co-sponsored by chairs and senior members of several committees, including leaders on Energy and Commerce, and Transportation and Infrastructure.

Why it matters: The bill has no chance in the current Senate and under President Trump. But the choreographed rollout is a sign of organizing on the topic.

  • I got a burst of supportive press releases from establishment green groups — like the Center for American Progress and League of Conservation Voters — as the bill was unveiled.
  • And the backing and the co-sponsorship of various committee leaders very likely signals an effort blessed by House Speaker Nancy Pelosi, though her aides did not respond to an inquiry.

How it works: The plan requires every federal agency to craft plans — which can include regulations, incentives and more — that are aimed at getting the country to the net-zero goal.

  • It also envisions agencies letting Congress know of additional powers they may need.

But, but, but: It leaves a lot of policy details be sorted out later, to say the least.

  • The sweeping bill doesn't wade into any policy specifics or thorny questions — such as the role of nuclear power and carbon capture tech — where the left isn't united.

What's next: Rep. Paul Tonko, a senior Energy and Commerce Committee member, tells The Washington Examiner that the bill is a framework for more detailed legislation that he and others are working on.

Go deeper:

Go deeper

1 hour ago - Health

J&J CEO "absolutely" confident in vaccine distribution goals

Johnson & Johnson CEO Alex Gorsky said Monday that he is "absolutely" confident that the company will be able to meet its distribution goals, which include 100 million doses by June and up to a billion by the end of 2021.

Driving the news: J&J is already in the process of shipping 3.9 million doses this week, just days after the FDA issued an emergency use authorization for the one-shot vaccine. Gorsky said he expects vaccines to be administered to Americans "literally within the next 24 to 48 hours."

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Clash of the central bankers

Photo Illustration: Eniola Odetunde/Axios. Photos: Bloomberg, Samuel Corum (Stringer)/Getty Images

While Fed chair Jerome Powell is brushing off the seismic rise in government bond yields and a corresponding decline in stock prices, a group of central bankers in the Pacific are starting to take action.

Driving the news: Bank of Japan governor Haruhiko Kuroda told parliament on Friday the BOJ would not allow yields on government debt to continue rising further above the BOJ's 0% target.

Biden expresses support for Amazon workers' union vote in Alabama

Photo: Joe Raedle/Getty Images

President Biden expressed support for a union vote by Amazon warehouse workers in Alabama in a two-minute video posted on Twitter Sunday, though he did not name the tech giant specifically.

Why it matters: A vote by workers at the Bessemer, Ala., warehouse to join the Retail, Wholesale and Department Store Union would make the facility the first Amazon warehouse to unionize in the U.S., per NPR. The election will run through March 29.