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 the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

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!

Want a daily digest of the top Denver news?

Get a daily digest of 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!

Want a daily digest of the top Des Moines news?

Get a daily digest of 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!

Want a daily digest of the top Twin Cities news?

Get a daily digest of 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!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of 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!

Want a daily digest of the top Charlotte news?

Get a daily digest of 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!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

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!

Alexandria Ocasio-Cortez. Photo: Tom Williams/CQ Roll Call

Incoming Rep. Alexandria Ocasio-Cortez's visit — and high-fives — with climate protestors at House Democratic Leader Nancy Pelosi's office shows both energy and fault lines on the left over how ascendant House Democrats should approach the topic.

Driving the news: Ocasio-Cortez, a rising progressive star, attended the demonstration yesterday by young climate activists with the Sunrise Movement and Justice Democrats. "This is about uplifting the voice, and the message, of the fact that we need a green New Deal and and we need to get to 100 percent renewables because our lives depend on it," she told reporters, according to several outlets.

The intrigue: Pelosi is already planning to revive some iteration of the select committee on global warming that she set up when Democrats last controlled the House.

  • But while Ocasio-Cortez welcomed that move, she's calling for steps that go well beyond what Pelosi has committed to doing, at least thus far.

Details: The incoming New York City Democrat, backed by the activists, is circulating a resolution establishing the panel that would give it legislative power.

  • The resolution instructs the panel to craft sweeping clean energy and climate legislation (the "Green New Deal") by early 2020.
  • It would require 100% of national power to come from renewables and includes other ambitious energy and industrial decarbonization goals and efficiency measures.
  • The document says the panel should have wide latitude to construct a federal funding plan, with options such as new public banks devoted to it, public venture funds, and other options that the committee "deems appropriate."

But, but, but: The prior iteration of the committee had no power to write legislation, and Pelosi's office yesterday did not respond to an inquiry on that question.

  • Pelosi would likely face pushback from senior Democrats about to take the gavels of existing committees if she handed legislative powers to the climate panel.
  • One hint of that dynamic emerged yesterday...

What they're saying: Politico's Anthony Adragna reports that Rep. Frank Pallone, the likely incoming chairman of the Energy and Commerce Committee, doesn't think it's necessary to revive the climate panel at all.

  • "We have great people who want to take action on climate change who will be chairing the committees of jurisdiction," he said.

On the substance, look for Democrats to include provisions on low-carbon energy and climate resilience as part of an infrastructure package, which Pelosi mentions in her statement responding the demonstration.

Where it stands: Ocasio-Cortez, in comments to CNN and elsewhere, emphasized that her participation was not a confrontation with Pelosi.

  • But it's far from clear if Democratic leaders have interest in pushing a sweeping climate bill, especially as they seek to keep their focus on oversight of the Trump administration.

Go deeper:

Go deeper

Top economic regulators stressed by vacancies

Illustration: Annelise Capossela/Axios

The boom times are all around us (from corporate deal sprees to the breakneck rise of cryptocurrency) — and the agencies in charge are stretched thin trying to police it.

Why it matters: Overwhelmed staff and a slew of vacant posts could set back President Biden's big regulatory agenda.

GOP Sen. Chuck Grassley announces run for re-election

Photo: Greg Nash/The Hill/Bloomberg via Getty Images

Sen. Chuck Grassley (R-Iowa), the longest-serving Senate Republican, announced on Friday that he's running for re-election in 2022.

Why it matters: The GOP is looking to regain control of both chambers of Congress in the upcoming midterm elections. Several Republicans had urged the 88-year-old senator to run to avoid another retirement after five incumbent senators said they wouldn't seek re-election.

China deems all cryptocurrency transactions illegal

A person walking past China's central bank in Beijing in August 2007. Photo: Teh Eng Koon/AFP via Getty Images

China's central bank declared on Friday that all cryptocurrencies are illegal, banning crypto-related transactions and cryptocurrency mining, according to Reuters.

Why it matters: China's government is now following through with its goal of cracking down on unofficial virtual currencies, which it has said are a financial, social and national security risk and a contributor to global warming.