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Photo: Axios

The United States must rethink its investment in human capital, Sen. Mark Warner (D-Va.) said at an Axios virtual event on Tuesday.

Why it matters: Warner's remarks come amid a broader discussion about workforce development in the Senate and how investment in job training may play a vital role in the economy's recovery.

Driving the news: There is an urgent need for the U.S. government and companies to invest in retraining the workforce, but job training remains underfunded at the federal level, Axios' Erica Pandey writes.

  • Warner expressed uncertainty on whether the reform will be included in the massive reconciliation bill, saying, "I think workforce may be the area that is the most left out."

What they're saying: "We've lived in a world over the last 100 plus years where there was shortage of capital but [an] abundance of workers," Warner said. "We didn't treat workers very well."

  • "We need to be thinking much broader about changing the tax, accounting and reporting requirements around companies that invest in human beings," he added.
  • "I think regardless of what we end up with on reconciliation, we're going to have to come back and revisit this workforce development issue."

Watch the full event here.

Go deeper:

Go deeper

Oct 21, 2021 - Politics & Policy

Stymied by Sinema

Photo: Mandel Ngan/Pool/Getty Images

Congressional leaders say Sen. Kyrsten Sinema’s (D-Ariz.) potential opposition to any corporate or personal tax increase will complicate — and potentially delay — President Biden’s $2 trillion plan to expand the social safety net.

Why it matters: If tax hikes are out, lawmakers have to find new revenue streams to pay for child care and other administration priorities. Sinema may not be opposed to some drug pricing reforms or enhanced IRS enforcement, Axios has learned.

Updated 8 hours ago - World

U.S. airstrike kills senior al-Qaeda leader in Syria, DOD says

A displacement camp near the village of Qah in Syria's northwestern Idlib province. Photo: Ahmad Al-Atrash/AFP via Getty Images

A U.S. airstrike in northwest Syria on Friday killed senior al-Qaeda leader Abdul Hamid al-Matar, U.S. Central Command said in a statement.

Why it matters: Syria serves as a "safe haven" for the extremist group to plan external operations, according to U.S. Army Maj. John Rigsbee.

Updated 13 hours ago - Politics & Policy

Giuliani associate Lev Parnas convicted of campaign finance crimes

Lev Parnas, a former associate of then-President Donald Trump’s personal lawyer Rudy Giuliani. Photo: Stefani Reynolds/Bloomberg via Getty Images

Florida businessman Lev Parnas was convicted Friday on charges of conspiracy to make foreign contributions to political campaigns, according to multiple outlets.

Why it matters: Prosecutors said Parnas, then an associate of former President Donald Trump's personal lawyer Rudy Giuliani, funneled over $150,000 from a Russian businessman into U.S. campaigns as part of an effort to land licenses in the U.S.'s legal cannabis industry.