Sign up for our daily briefing

Make your busy days simpler with the Axios AM and PM newsletters. 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 the Axios Closer newsletter 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!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

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 the Axios Sports newsletter. 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 the Axios Des Moines newsletter.

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 the Axios Tampa Bay newsletter.

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!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

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!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

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!

Julián Castro. Photo: Edward A. Ornelas/Getty Images.

Editor's Note: Castro dropped out of contention for the Democratic presidential nomination on Jan. 2, 2020. Below is our original article on his candidacy.

Julián Castro, the first Texas Democrat to run for president since 1976, is a former San Antonio mayor and the youngest cabinet secretary in the Obama administration. Castro was among those considered to be Hillary Clinton's vice president in 2016 and, while he didn't get the spot, made frequent appearances with Clinton during the election.

Key facts about Julián Castro:
  • Current position: n/a
  • Age: 44
  • Born: San Antonio
  • Undergraduate: Stanford University
  • Date candidacy announced: Jan. 12, 2019
  • Previous roles: Obama's Secretary of Housing and Urban Development, Mayor of San Antonio, member of San Antonio City Council
Julián Castro's stance on key issues:
  • Housing: Launched a plan in June to create more affordable housing and end homelessness.
  • Medicare for All: Supports it. Says the U.S. should "be the healthiest nation," per the Hill.
  • Education: Released a plan that would create a universal pre-K program and create tuition-free public colleges, community colleges, technical and vocational programs. Pre-K would be funded by a grant program to state and local governments.
  • Economic inequality: Proposed an "inherited wealth" tax in August that would "raise the capital gains rate to match the marginal income tax rate for the wealthy." The plan includes giving a $3,000 earned income tax credit to families "per child for every family of modest means."
    • Would raise the capital gains rate to 40% for people who earn $400,000+ a year.
  • Immigration: Would reverse Trump policies such as the Muslim ban, spending on a southern border wall and cuts to refugee programs in his extensive immigration policy.
    • Proposed a 21st Century Marshall Plan for Central America to focus on stabilizing the countries with the largest number of migrants coming to the U.S.
    • Wants to split ICE in half to keep "national security functions such as human and drug trafficking and anti-terrorism investigations within the Department of Homeland Security."
    • Plans to overhaul the pathway to citizenship for immigrants, especially for DACA recipients.
  • Abortion: "I believe in a woman's right to choose, it is an issue of reproductive freedom and justice," he said in April.
  • Law enforcement: Proposed a police reform plan to limit deadly force, end stop-and-frisk and demilitarize police.
  • Indigenous peoples: Wants a White House Council on Indigenous Communities and advisory committees for Cabinet-level agencies.
  • Animal welfare: Would seek to strengthen the Endangered Species Act, which has been weakened by the Trump administration.
  • Climate change: Focuses on environmental racism. To stop extraction of fossil fuels on public lands and end all taxpayer subsidies of fossil fuel production. Achieve net-zero emissions by 2045.
Key criticism:
  • As HUD secretary, Castro faced criticism from a group of progressives — many of whom supported then-2016 candidate Bernie Sanders — over his handling of mortgage sales, Politico reported at the time.
1 fun thing about Julián Castro:
  • He is 1 minute older than his identical twin brother, Rep. Joaquin Castro (D-Tex).

Go deeper: Everything you need to know about the other 2020 candidates

Go deeper

Europe's energy reliance on Russia is a crucial shield for Putin

Photo: Pavel Bednyakov/Sputnik/AFP via Getty Images

Cracks in the NATO alliance regarding sanctions for Russia should President Vladimir Putin order troops into Ukraine are in large part based on energy supply concerns.

Why it matters: Russia holds tremendous leverage over some European countries because it provides roughly 40% of Europe's natural gas supply. In Germany, this figure is greater than 50%.

Why the Fed might want to jolt the markets

Fed chair Jerome Powell at a hearing earlier this month. Photo: Brendan Smialowski-Pool/Getty Images

So far, financial markets are cooperating nicely with the Federal Reserve's efforts to restrain inflation. They're doing the Fed's work for it by creating tighter financial conditions, in a distinctly non-panicky way.

  • But as the central bank's policymakers meet this week, an underlying question they face is whether the adjustment is happening too slowly.
Kate Marino, author of Markets
4 hours ago - Economy & Business

Omicron outbreaks were bad for business in January

Data: New York Federal Reserve Bank; Chart: Axios Visuals

Emerging anecdotal evidence shows just how hard the recent rise in COVID-19 cases hit businesses in early January — but that hasn't hurt some business leaders’ longer-term views of their companies' prospects.

Why it matters: Increasingly, the economic recovery has come in fits and starts that move in tandem with new peaks in cases. Look no further than the thousands of canceled flights and shuttered Broadway theaters in the wake of the Omicron variant's spread over the last few months.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!