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Rep. Mike Gallagher (R-Wisc.) and Sen. Angus King (I-Maine). Photo: Cheriss May

An upcoming report on cybersecurity will propose "a very ambitious reorganizing of the federal government, perhaps the most ambitious since the 9/11 Commission," to combat cybersecurity threats, Rep. Mike Gallagher (R- Wis.) said at an Axios event on Tuesday.

Why it matters: Gallagher co-chairs the Cyberspace Solarium Commission with Sen. Angus King (I-Maine). The commission will release a report on March 11 that includes sweeping recommendations on how the Executive Branch and Congress can develop a national defense strategy for cyberspace.

"We think it's urgent. This is like doing the 9/11 Commission before 9/11 happens. We want to avoid that situation."
— Rep. Mike Gallagher

The big picture: Gallagher said the report will include 75 recommendations for the Executive Branch and Congress, including preemptive actions the country can take to deter cybersecurity attacks.

  • King said the federal government currently does not have an effective deterrence strategy in cyberspace. "We are getting killed by a thousand cuts," he said.

What's next: The report is "less of a report and more of a blueprint," King said. "We didn't want this report to just collect dust."

  • King said he and Gallagher will testify before congressional committees about the recommendations.
  • "We hope, if nothing else, this is the start of a larger debate," Gallagher said.

Go deeper ... Deep Dive: Global threats multiply

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Photo illustration: Sarah Grillo/Axios. Photo: Hannelore Foerster/Getty Images

A face familiar to Wall Street is back as a central player that this time will need to steer the country out of a deep economic crisis.

Driving the news: President-elect Joe Biden is preparing to nominate former Fed chair Janet Yellen to be Treasury secretary.

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In his first on-camera interview in four years, Charles Koch told "Axios on HBO" that he "screwed up by being partisan," rather than approaching his network's big-spending political action in a more nonpartisan way.

Why it matters: Koch — chairman and CEO of Koch Industries, which Forbes yesterday designated as America's largest private company — has been the left's favorite face of big-spending political action.

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Why it matters: America's health care workers are exhausted, and the sickest coronavirus patients aren't receiving the kind of care that could make the difference between living and dying.