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!
Expand chart
Data: No Labels; Chart: Jared Whalen/Axios

Six in 10 Americans favor the call by Sen. Joe Manchin (D-W.Va.) for a “strategic pause” on Democrats' $3.5 trillion spending plan, according to new polling by the bipartisan policy group No Labels shared with Axios.

Why it matters: The survey of 974 registered voters, conducted Tuesday, is the latest flash point in the fight over infrastructure — and how aggressively Democrats should move on a budget reconciliation package to allow them to enact key planks of President Biden's agenda without a single GOP vote.

By the numbers: In suburban areas, which are crucial to Democrats' hopes to retain the House in 2022, the poll found 64% support the pause while 36% oppose it.

  • The poll revealed stark partisan differences, with Republicans supporting Manchin’s position by a 78% to 22% margin and Democrats opposing him, 48%-52%. Independents were split, backing Manchin 52% to 48%
  • In rural areas, seven in 10 respondents supported Manchin.

Between the lines: No Labels has been running ads on national cable TV pushing for a separate, bipartisan $1.2 trillion infrastructure package that passed the Senate to also clear the House and be signed into law as quickly as possible.

Flashback: Manchin put the brakes on the $3.5 trillion plan with a Wall Street Journal op-ed last week, demanding a "strategic pause." He cited inflation and a need to preserve fiscal headspace for any additional COVID-19 permutations.

  • Axios on Tuesday reported that Manchin privately opposes many of the policy proposals driving that budget and is unlikely to support anything higher than $1.5 trillion.
  • House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer have shrugged off Manchin’s call to slow down on the $3.5 trillion bill. Biden told reporters on Tuesday night at the White House that when it comes to Manchin, "Joe at the end has always been there."

What's next: The fight over Biden's $3.5 trillion spending package begins for real on Capitol Hill at 10am with committee markups.

Go deeper

Estimate: Revenues would drop before increasing under Dems' tax plan

Democratic Rep. Richard Neal, chair of the House Ways and Means Committee, which has submitted a draft proposal on raising taxes. Photo: Tom Williams/CQ-Roll Call via Getty Images

Democrats plan to raise $1 trillion over 10 years by making the federal income tax code more progressive. But they won't get the money quickly — their plan actually decreases total income tax revenues in 2023. And when the money does come, it will come from the very rich.

Why it matters: Estimates released by the bipartisan Joint Committee on Taxation on Tuesday show the House Democrats' plan raising $12 billion less than the current tax regime in 2023. But it will raise $133 billion more in 2029.

20 hours ago - Politics & Policy

Democrats plot debt-limit options

House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer leave the U.S. Capitol this week. Photo: Drew Angerer/Getty Images)

Democratic leadership in the House and Senate are working on a short-term funding bill — which needs to pass before Oct. 1 to avoid a government shutdown — that includes a debt-limit increase.

Why it matters: The country will default on its debt in October for the first time in U.S. history if Congress doesn't increase the federal debt limit. Republicans and Democrats have entered a standoff — daring the other side to blink.

11 hours ago - Health

Pharma still isn't in the clear

Illustration: Aïda Amer/Axios

A key congressional committee failed to pass Democrats' signature drug pricing bill yesterday, but that doesn't mean the party's push to lower drug prices is anywhere near over.

Why it matters: Hundreds of billions of dollars are on the line — and Democrats need that money to pay for the rest of their giant legislative agenda.