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Revised U.S. military options for North Korea, including a military response, have been prepared and are ready to be presented to President Trump, CNN's Barbara Starr and Zachary Cohen report.

Be smart: Administration officials say war with North Korea in our lifetimes is not impossible.

P.S. A ban on tourist travel to North Korea by U.S. citizens, which the House Foreign Affairs Committee may mark up as soon as next month, is being referred to as "Otto's Law," for the late U.Va. student Otto Warmbier.

From CNN's Starr and Cohen: "The options ... will be presented to the president if Pyongyang conducts an underground nuclear or ballistic missile test that indicates the regime has made significant progress towards developing a weapon that could attack the US."A day ahead of tonight's visit to the White House by South Korean President Moon for a reception and dinner, National Security Adviser H.R. McMaster told a think thank yesterday that South Koreans are being "held hostage" by the North Korean regime.McMaster: "The threat is much more immediate now. We can't repeat the same failed approach of the past ... The President has directed us to not do that and to prepare a range of options, including a military option, which nobody wants to take.'"

Go deeper

Senate Democrats reach deal on extending unemployment insurance

Photo: Alex Wong/Getty Images

Senate Democrats struck a deal Friday evening to extend unemployment insurance in President Biden's $1.9 trillion COVID-19 relief package after deliberating and halting other action for roughly nine hours, per a Senate aide.

Why it matters: The Senate can now resume voting on other amendments to the broader rescue bill.

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan. 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

Financial fallout from the Texas deep freeze

Illustration: Annelise Capossela/Axios

Texas has thawed out after an Arctic freeze last month threw the state into a power crisis. But the financial turmoil from power grid shock is just starting to take shape.

Why it matters: In total, electricity companies are billions of dollars short on the post-storm payments they now owe to the state's grid operator. There's no clear path for how they will pay — something being watched closely across the country as extreme weather events become more common.