Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

President Trump unveiled what he calls the "Black Economic Empowerment — Platinum Plan," at a campaign event in Atlanta, Georgia on Friday, promising to secure more lending for Black-owned businesses if elected for a second term.

Why it matters: With national polls showing the president lagging behind Joe Biden with Black voters, Trump's plan also includes a proposal to make Juneteenth — the commemoration of the end of slavery in the U.S. — a federal holiday.

By the numbers: The Trump campaign said in a release that federal investments could generate $500 billion in additional capital, generate 3 million new jobs for Black Americans and 500,000 new Black-owned businesses.

  • The other side: Biden has pledged to leverage $150 billion in new capital for Black-owned businesses and increase funding for historically Black colleges and universities. Sen. Kamala Harris along with fellow Senate Democrats introduced legislation earlier this year to make Juneteenth a federal holiday.

What they're saying: "I will always put American first and that includes, very, very importantly, Black Americans," Trump said Friday.

  • He added that Black Americans have historically voted for Democrats and suggested their economic prospects are better with him in office. "[E]very day more Black Americans are deciding that the old way is not working,” Trump said.
  • He also promised to work on criminal justice reform and build “a new national clemency project” to review unjust prosecutions and lengthy prison sentences.

Biden issued a statement, saying:

“Four years ago, President Trump ran on a platform to make America great again. Yet under President Trump’s failed leadership, nearly 6,800 Georgians have died from the coronavirus,” nearly half of whom are Black, Biden said.

  • “And, in the midst of this global health pandemic and economic crisis, President Trump is still working to tear down the Affordable Care Act and take away protections for Georgians with preexisting conditions."

What he's not saying: The president did not specify how he would fund the proposal.

The big picture: Recent polling shows 83% of likely Black voters favor Biden, and 10% back Trump, according to FiveThirtyEight. 8% of likely Black voters said they didn’t know which candidate they will back.

Go deeper

Updated Dec 29, 2020 - Politics & Policy

Biden: Trump administration falling "far behind" on vaccine distribution

President-elect Joe Biden on Tuesday criticized the Trump administration for "falling behind" on distributing coronavirus vaccines, saying that with "only a few days left in December, we've only vaccinated a few million so far."

The big picture: Biden also pleaded with Americans to wear a mask and take other steps to contain the spread of the coronavirus, reiterating his warning that "things will get worse before they get better."

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: CDC director defends agency's response to pandemic — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Biden readies massive shifts in policy for his first days in office.
  3. Vaccine: Fauci: 100 million doses in 100 days is "absolutely" doable.
  4. Economy: Unemployment filings explode again.
  5. Tech: Kids' screen time sees a big increase.
  6. World: WHO team arrives in China to investigate pandemic origins.
Dave Lawler, author of World
2 hours ago - World

Alexey Navalny detained after landing back in Moscow

Navalny and his wife shortly before he was detained. Photo: Kirill Kudryavtsev/AFP via Getty

Russian opposition leader Alexey Navalny was detained upon his return to Moscow on Sunday, which came five months after he was poisoned with the nerve agent Novichok. He returned despite being warned that he would be arrested.

The latest: Navalny was stopped at a customs checkpoint and led away alone by officers. He appeared to hug his wife goodbye, and his spokesman reports that his lawyer was not allowed to accompany him.