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Senate Democrats and Republicans today are expected to overwhelmingly pass a $247 billion spending package focused on competing with China on technology. 

Axios Re:Cap is joined by California Democrat Rep. Ro Khanna, who cosponsored the bill and who has been concerned about the issue since he first campaigned for office.

Go deeper

Sep 16, 2021 - Politics & Policy

The debt ceiling stare down

Illustration: Aïda Amer/Axios

Congress is fast approaching its deadline to raise the debt ceiling or risk defaulting on the nation's debt, and, as of now, there's no serious plan to stave off what many members are calling the worst-case scenario.

Why it matters: The U.S. has never defaulted on its debt. If Congress doesn't take "extraordinary measures" to finance the government, it would "likely cause irreparable damage to the U.S. economy and global financial markets," Treasury Secretary Janet Yellen warned last week.

Mike Allen, author of AM
5 mins ago - Politics & Policy

America's youth turn left

Expand chart
Reproduced from John Della Volpe (Data: Exit polls, Roper Center for Public Opinion Research). Chart: Axios Visuals

Gen Xers have always been a swing voting group, but their kids — Gen Z, sometimes called Zoomers — overwhelmingly back Democrats.

What they're saying: "Generational replacement will not be kind to Trump’s Republican Party," John Della Volpe, polling director at the Harvard Kennedy School Institute of Politics, and CEO of SocialSphere, told me.

Mike Allen, author of AM
12 mins ago - Economy & Business

Charted: GOP surged as Biden slumped

Expand chart
Reproduced from Gallup. (Independents were asked their party leaning.) Chart: Axios Visuals

Gallup polling found a huge shift in party preference over the course of 2021, from a 9-point Democratic advantage in the first quarter to a 5-point Republican edge in the fourth quarter.

Why it matters: It's the biggest swing in one calendar year for Gallup's 30 years of tracking.