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Sen. Ted Cruz. Photo: Tasos Katopodis/Getty Images

Republican hawks are planning to introduce legislation later this month that would force President Trump to take a harder approach to Iran, out of fear that the president is "going soft" on them, Politico's Eliana Johnson reports.

The big picture: New sanctions are expected to be announced later today, and these Republicans "expect that Trump will disappoint them," Johnson writes. The legislation, which will reportedly be introduced by Sen. Ted Cruz (R-Texas) and cosponsored by Sens. Marco Rubio (R-Fla.) and Tom Cotton (R-Ark.), would pressure Trump into cutting off Iranian banks' access to the global banking network, Society for Worldwide Interbank Financial Telecommunication (SWIFT).

  • President Obama made a similar move years ago, but lifted the penalties as part of the Iran nuclear deal.
  • According to Johnson, the lawmakers want to push Trump to side with his national security adviser John Bolton, who says Friday's sanctions would be more effective if Iran's access to SWIFT is cut off, instead Treasury Secretary Steven Mnuchin, who argues that access is crucial to ensuring humanitarian aid gets to the country.

Yes, but: The legislation could be in jeopardy if Democrats win the House majority next week. Supporters of the measure are hopeful that pro-Israel lobbying group AIPAC will "pressure pro-Israel Democrats" into backing it, if that were to happen.

Go deeper

GOP implosion: Trump threats, payback

Spotted last week on a work van in Evansville, Ind. Photo: Sam Owens/The Evansville Courier & Press via Reuters

The GOP is getting torn apart by a spreading revolt against party leaders for failing to stand up for former President Trump and punish his critics.

Why it matters: Republican leaders suffered a nightmarish two months in Washington. Outside the nation’s capital, it's even worse.

Erica Pandey, author of @Work
3 hours ago - Economy & Business

The limits of Biden's plan to cancel student debt

Data: New York Fed Consumer Credit Panel/Equifax; Chart: Axios Visuals

There’s a growing consensus among Americans who want President Biden to cancel student debt — but addressing the ballooning debt burden is much more complicated than it seems.

Why it matters: Student debt is stopping millions of Americans from buying homes, buying cars and starting families. And the crisis is rapidly getting worse.

Why made-for-TV moments matter during the pandemic

Photo illustration: Sarah Grillo/Axios. Photos: Erin Schaff-Pool, Biden Inaugural Committee via Getty Images

In a world where most Americans are isolated and forced to laugh, cry and mourn without friends or family by their side, viral moments can offer critical opportunities to unite the country or divide it.

Driving the news: President Biden's inauguration was produced to create several made-for-social viral moments, a tactic similar to what the Democratic National Committee and the Biden campaign pulled off during the Democratic National Convention.