Axios PM

February 14, 2024
π₯ Have a great Valentine's dinner! Today's newsletter, edited by Sam Baker, is 486 words, a 2-min. read. Thanks to Sheryl Miller for copy editing.
1 big thing: New money pours into poor areas
Illustration: AΓ―da Amer/Axios
New investments are pouring into parts of the U.S. that were left behind in previous booms, Axios Macro co-author Courtenay Brown writes.
- Why it matters: If sustained, the investment surge has the potential to help reshape local economies β a sharp departure from the 2010s, when national economic growth largely skipped these communities.
π "Distressed communities" β areas with low incomes and high unemployment β have seen a disproportionate share of new investments in clean energy, chips and biomanufacturing since 2021.
- The building boom has been spurred in part by money allocated under Biden-era legislation: the Inflation Reduction Act, Bipartisan Infrastructure Law, and CHIPS and Science Act.
Zoom in: These areas are mainly concentrated in Southern states but include some areas in the Northeast, West and Midwest, according to Brookings Institution research.
- Brookings pointed to a $4 billion green-hydrogen plant in Wilbarger County, Texas, as well as a new lithium processing plant that's expected to create 300 new jobs in Chester County, South Carolina.
2. "Serious national security threat"

A key House Republican today alluded to a "serious national security threat" ahead of briefings from Biden administration officials β a rare public airing of potentially sensitive topics.
- The House Intelligence Committee sent a note to House members warning of a "destabilizing foreign military capability that should be known by all Congressional Policy Makers," Axios' Andrew Solender reports.
Committee Chair Mike Turner called on the White House to declassify all information related to that threat β a highly unusual step.
- His committee's note called the unspecified threat "urgent." But House Speaker Mike Johnson said there is "no need for public alarm."
π What's next: National security adviser Jake Sullivan is scheduled to brief congressional leadership about the threat tomorrow.
- "I am a bit surprised that Congressman Turner came out publicly today in advance of a meeting on the books for me to go sit with him alongside our intelligence and defense professionals tomorrow," Sullivan told reporters.
3. Catch me up

- π Uber, Lyft and DoorDash drivers staged a strike today, demanding higher pay and better working conditions. (Reuters)
- Israel launched airstrikes into Lebanon, killing four people, in retaliation for a strike earlier in the day that killed an Israeli soldier. (BBC)
- βοΈ Prosecutors released a "trove of new details" in their case against Sen. Bob Menendez, including allegations that his wife's engagement ring and a new Mercedes were part of a bribery scheme. (N.Y. Times)
- Several people were shot near the Kansas City Chiefs' Super Bowl victory rally. The latest from The Kansas City Star.
4. βΎοΈ Play ball!
Photo: Ashley Landis/AP
Los Angeles Dodgers designated hitter Shohei Ohtani participates in spring training baseball workouts at Camelback Ranch in Phoenix today.
- This was the public's first glimpse of Ohtani in a Dodgers uniform since he signed a record-breaking 10-year, $700 million contract, which begins this season.
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