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Joe Biden was sworn in today as America's 46th president in an inauguration unlike any other in modern history.

Axios Re:Cap goes deeper into the speech, the atmosphere and what it all tells us about the incoming administration, with Axios political reporters Hans Nichols and Alexi McCammond.

Go deeper

Sen. Gary Peters picked to lead Democratic Senate fundraising

Sen. Gary Peters. Photo: Drew Angerer/Getty Images

The Democratic Party's Senate fundraising arm on Thursday named Sen. Gary Peters (D-Mich.) as its chair ahead of the 2022 election, with several Republicans already announcing they won't run again, per Politico.

Why it matters: As chair of the Democratic Senatorial Campaign Committee, Peters will be tasked with raising the enormous amounts of money Democrats will need to preserve their razor-thin majority, write Axios' Hans Nichols and Alayna Treene.

Updated 11 mins ago - Politics & Policy

Here come Earmarks 2.0

DeLauro at a hearing in May 2020. Photo: Alex Wong/Getty Images

The House Appropriations Committee is preparing to restore a limited version of earmarks, which give lawmakers power to direct spending to their districts to pay for special projects.

Why it matters: A series of scandals involving members in both parties prompted a moratorium on earmarks in 2011. But Democrats argue it's worth the risk to bring them back because earmarks would increase their leverage to pass critical legislation with a narrow majority, especially infrastructure and spending bills.

Ben Geman, author of Generate
43 mins ago - Energy & Environment

UN says Paris carbon-cutting plans fall far short

Illustration: Sarah Grillo/Axios

Nations' formal emissions-cutting pledges are collectively way too weak to put the world on track to meet the Paris climate deal's temperature-limiting target, a United Nations tally shows.

Driving the news: This morning the UN released an analysis of the most recent nationally determined contributions (NDCs) — that is, countries' medium-term emissions targets submitted under the 2015 pact.