7 hours ago

Axios AM

Good Monday morning. Smart Brevity™ count: 1,187 words ... 4½ minutes. Edited by Justin Green.

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1 big thing: Biden's reengineer-America moment

Illustration: Sarah Grillo/Axios

If President Biden gets the wish list that faces epic House votes this week, you'll be more likely to:

  • Jump in your electric car ... to pick up your kid from free or subsidized daycare .... then work remotely using ubiquitous high-speed internet.

Here's how your life could change if Biden lands his big bets, Axios managing editors Margaret Talev and David Nather write:

Transportation: More of us would be driving electric cars, and lower-income people would have better access to public transit.

  • High-speed trains, rather than flying, become the smart way to travel between some metros.

Electric vehicles: People who have been on the fence about purchasing a electric car could be persuaded to buy one for two reasons:

  1. Bigger tax credits — up to $12,500 per vehicle — would be more widely available, making EVs more affordable.
  2. Range anxiety — fear of being stranded with a dead battery — fades as the feds spend $13.5 billion for EV infrastructure, including more public charging stations.

Health care: Democrats are seeking to expand coverage for millions of Americans while reducing prescription drug prices.

  • Medicare would expand to cover dental, vision and hearing benefits — currently only available to seniors with private coverage.

Child care and education: Day care would be free for lower income families. For middle class households, subsidies could save the average family $14,800 per year, according to the White House, because families wouldn’t pay more than 7% of their income for care of children under 5.

  • Biden wants to provide two years of free preschool before kindergarten — and two free years of community college.
  • Also in Biden's plan: 12 weeks of paid family leave to tend to a sick family member.

Cities: Mayors say the proposals represent a once-in-a-lifetime opportunity to make cities more livable, modern and socially equitable.

  • Goodies include expansions of broadband access that could enable people of all means to work and study from anywhere.

Reporting contributed by Axios' Ben Geman, Jennifer Kingson, Joann Muller, Hans Nichols and Caitlin Owens.

2. COVID crimps growth
Data: NABE. Chart: Kavya Beheraj/Axios

Business economists have cut nearly a point off their GDP forecast since earlier this year, Axios' Dan Primack writes from a survey out today.

  • Why it matters: The National Association for Business Economists outlook reflects increased concerns over the pandemic's impact on the economy, particularly due to the spread of Delta and other variants.

Sorry, pols: Only a small percentage of panelists felt that federal action or inaction on a large spending bill would have a significant impact on short-term growth.

  • Most expect sharp inflation growth in 2021 and moderate inflation growth in 2022.

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3. China's crypto squeeze

Illustration: Sarah Grillo/Axios

A new move by China to ban cryptocurrency shows how tough it will be for the technology to deliver on its backers' vision of disruptive, decentralized change, Axios managing editor Scott Rosenberg writes.

  • Why it matters: Control of currency is a foundation of sovereignty. Governments don't plan on losing that control, even as money inevitably turns digital.
  • Keep reading.
4. 🇩🇪 German rising star
Olaf Scholz at party HQ in Berlin today. Photo: Christof Stache/AFP via Getty Images

The center-left Social Democratic Party (SDP) clinched a narrow victory in Germany's federal elections, just four years after suffering its worst loss since World War II, Axios' Zachary Basu writes from Berlin.

  • Why it matters: It's a stunning political comeback for the SPD, paving the way for its chancellor candidate, Olaf Scholz, to form a governing coalition and lead Europe's largest economy into the post-Merkel era.

State of play: The SPD won 25.9% of the vote and Merkel's CDU bloc had 24.1%, according to preliminary results.

  • Scholz said he hoped to form a coalition with the Greens and Free Democrats, adding his party would "do everything we can to ensure we're done by Christmas."

Keep reading.

5. Big Sky quote of the day
Heavy equipment props up a leaning Amtrak car near Joplin, Mont., yesterday. Photo: Ted S. Warren/AP

Sarah Robbin, emergency services coordinator in Liberty County, Mont., where passengers were carried out of the crashed Amtrak Empire Builder after emergency crews couldn't cut open cars with special tools (via AP):

  • "We are so fortunate to live where we do, where neighbors help neighbors."

The latest: 3 people were killed. 7 were hospitalized, with 2 in the ICU.

6. Rundown properties fuel D.C. homicides

Illustration: Sarah Grillo/Axios

Angela Washington, a 41-year-old special police officer, was the last line of defense for besieged residents of Oak Hill Apartments in Southeast Washington, Cuneyt Dil writes for Axios D.C. (Sign up here.)

The District’s spike in gun violence is being linked partly to rundown properties that have become magnets for criminal activity.

  • Before Angela Washington's death, residents at Oak Hill complained to their landlord about strangers in vacant units.

Zoom out: The officer's killing was the 19th homicide around Congress Heights in the past two years, according to police data.

  • Homicides are up 11% from 2020, which saw a 16-year high in killings.

Keep reading.

7. 👀 Youngkin waffles on Jan. 6 certification
Terry McAuliffe (left) and Glenn Youngkin debate in Grundy, Va., on Sept. 16. Photo: Steve Helber/AP

In an interview with Axios' Sarah Mucha, Glenn Youngkin — the Virginia Republican in a dogfight with Terry McAuliffe in the Nov. 2 governor's election — wouldn’t say whether he would have voted to certify the election on Jan. 6 if he had been a member of Congress.

  • Youngkin believes Joe Biden beat Donald Trump legitimately, and said there's "no room for violence in America."

State of play: Cook Political Report on Friday moved the race to "tossup," citing a souring national environment for Dems.

8. Pic du jour
Photo: Lawrence Bryant/Reuters

The Rolling Stones' Mick Jagger, 78, Keith Richards, 77, and Ronnie Wood, 74, kick off a "No Filter" U.S. tour in St. Louis last night.

  • The Stones have been touring since 1964 — 57 years.
9. Dem analytics startup raises $30 million

Illustration: Sarah Grillo/Axios

Civis Analytics, a startup that could be key to next fall's Democratic campaigns, has raised $30.7 million in new funding, Axios Pro Rata author Dan Primack has learned.

  • The Chicago-based startup was founded by Dan Wagner, who led analytics for the Obama 2012 campaign.Biden 2020 used Civis to test audience messaging and to determine where to deploy advertising.

Keep reading.

10. 🎭 1 play thing: Broadway's big surprise
Cast in "Moulin Rouge! The Musical." Photo: Matthew Murphy/Boneau/Bryan-Brown via AP

"Moulin Rouge! The Musical," a jukebox adaptation of Baz Luhrmann's hyperactive 2001 movie, won the best new musical crown at the Tony Awards last night, AP's Mark Kennedy writes.

  • The show won 10 Tonys. The record is 12, for "The Producers" in 2001.

"The Inheritance" by Matthew Lopez, was named the best new play.

  • Lopez's two-part, seven-hour epic uses "Howards End" as a starting point for looking at gay life in the early 21st century.
  • Lopez was the first Latin writer to win the category.

Night's big surprise: "Slave Play," Jeremy O. Harris' bracing work that mixes race, sex, taboo desires and class, earned a dozen nominations, making it the most nominated play in Tony history. But it won nothing.

  • Harris tweeted: "Slave Play has never won one of the major awards of any of the great voting bodies but changed a culture and has inspired thousands of ppl who didn’t care about theatre before."
  • He announced this morning that the play will return to Broadway in November. (N.Y. Times)

Full list of winners.

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