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!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

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!

Illustration: Aïda Amer/Axios

To address problems bubbling up from communities, some local governments are putting money directly into the hands of their citizens.

The big picture: Participatory budgeting (PB) is a tool that enables residents to determine how a portion of taxpayer dollars are spent. It's getting traction from California to North Carolina.

How it works:

  • Communities are allotted a portion of public dollars to spend as they see fit.
  • Volunteers identify pressing local needs — looking at sectors like transportation, housing, and education — and collaborate with public officials to draft viable budget proposals for how to use the allocated funds.
  • These proposals go to the entire community for a vote before they are enacted.

History lesson: The PB process can be traced back to a successful experiment in Brazil in 1989.

  • After a brutal military dictatorship, the city of Porto Alegre enacted PB to introduce transparent, responsive decision making and government accountability.

The impact: The World Bank and the United Nations Development Program have called participatory budgeting a best practice in democratic innovation, and Portugal is the first country to use it on the national scale.

What we're watching:

  • In Boston, residents ages 12-22 can participate and allocate $1 million per year.
  • Seattle recently expanded an existing program, and now anyone age 11 and older can participate in allocating $2 millon per year.
  • In New York City, over half of the city council allocated a portion of their discretionary funds to the process, which is open to residents as young as 11. Between 2012 and 2018, that resulted in more than $210 million dollars flowing into projects like new technology in libraries.

The bottom line: PB goes beyond creating a process for incorporating civic input into budgeting — it makes civic engagement possible for marginalized communities and involves young residents who aren't yet eligible to vote.

Hollie Russon Gilman is a fellow at New America's Political Reform Program, Georgetown's Beeck Center for Social Impact & Innovation, and Columbia's School of International and Public Affairs.

Go deeper

Health care ruling saves Republicans from themselves

Illustration: Aïda Amer/Axios

The Supreme Court saved the health care system from imploding Thursday by dismissing a Republican challenge to the Affordable Care Act. But it also saved the GOP itself from another round of intraparty chaos.

Why it matters: Most GOP lawmakers privately admit (and some will even say publicly) they don't want to deal with health care again. The issue generally isn't a good one for them with voters — as they learned the hard way after they failed to repeal the ACA in 2017.

7 hours ago - Economy & Business

Fed chief's second-term audition

Jerome Powell during a virtual news conference. Photo: Daniel Acker/Bloomberg via Getty Images

Federal Reserve Chairman Jerome Powell faces a long, hot summer audition for a second term, with senators watching and weighing his response to potential signs of inflation.

Why it matters: The financial system's chief is one of the most powerful in the world. President Biden hasn’t given any public indication whether he’ll renominate Powell, but Democrats close to the administration say there's a chance he'll make an announcement by Labor Day — well before Powell’s term ends next February.

9 hours ago - World

Mapping China's growing global influence

Data: Atlantic Council; Map: Andrew Witherspoon/Axios

As of 1980, China was the most influential player in just one country: Albania. Now, China is the leading power across most of sub-Saharan Africa and Southeast Asia and is catching up to the U.S. in its own hemisphere.

What we’re reading: That's according to a new report from the University of Denver and the Atlantic Council that seeks to measure the influence countries have on each other, and in so doing offers a dramatic portrait of China's rise.