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President Trump will announce a new initiative this afternoon directing the Dept. of Education to prioritize the exapnsion of STEM and computer science education. Photo: Manuel Balce Ceneta / AP

President Trump will announce a new executive memorandum this afternoon that will direct the Department of Education to expand students' access to STEM and computer science — fields that the administration says are increasingly playing a more vital role in the economy and lead to more lucrative careers.

Why it matters: At a time when partisan politics strikes down the majority of legislation put forth by Washington lawmakers, this initiative is largely one that both parties can get behind. Barack Obama introduced similar legislation at the end of his presidency, though his proposal, which was much pricier than the $200 million baseline incorporated in Trump's version, never made it through Congress. To avoid the same hiccups, the White House has introduced this as a narrower administrative action.

The memorandum directs the Dept. of Ed to:

  • Establish a goal of devoting at least $200 million per year in grant funds towards this priority.
  • Explore administrative actions that will add or increase focus on Computer Science in existing K-12 and post-secondary programs.
  • Ask that these programs and curriculums be designed with gender and racial diversity in mind.
  • Require an annual report to gauge the effectiveness of these programs. The reports will emphasize analysis on both the students' dropout and program completion rates.
  • The grants will target rural communities and inner cities, but the administration hopes the initiative can extend across the U.S.

Private sector involvement:

  • Ivanka Trump, who has played an integral role in the creation of this initiative, will travel to Detroit Tuesday to discuss their pledge to computer science education. She will also visit a public school Wednesday to experience coding with students firsthand.

Reasoning behind this directive:

  • One senior administration official said interest in this program stems from conversations with business leaders from both large and small companies who have said they are struggling to fill open positions due to a shortage of employees with the necessary training in these fields.
  • p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'; color: #454545} The gender and minority pay gap: the fact that women and minorities are not equally participating in these lucrative fields is a contributing factor.

Go deeper

Hope King, author of Closer
1 hour ago - Economy & Business

Peloton pumps its brakes

Data: FactSet; Chart: Axios Visuals

Peloton’s popularity is falling as swiftly as it shot up.

Why it matters: Not all pandemic habits stick around. Peloton's trajectory over the past two years exemplifies how challenging it's been for companies to gauge shifts in consumer demand — particularly in sectors heavily altered by the pandemic.

First look: Senators propose bill to ban corporate PACs

Sens. Jon Ossoff and Mark Kelly. Photos: Chip Somodevilla (left), Courtney Pedroza/Getty Images

Sens. Mark Kelly (D-Ariz.) and Jon Ossoff (D-Ga.) will soon propose a bill prohibiting for-profit corporations from establishing and managing political action committees, according to a copy of the legislation obtained by Axios.

Why it matters: The introduction of "The Ban Corporate PACs Act" comes amid heightened scrutiny on Capitol Hill regarding money in politics, including efforts to bar companies from influencing political campaigns and federal elections. It would likely face a court challenge and First Amendment concerns.

3 hours ago - Technology

Exclusive: YouTube shuts down two Oath Keepers channels

Stewart Rhodes, founder of Oath Keepers. (Photo: Aaron C. Davis/The Washington Post via Getty Images)

YouTube has deactivated two channels linked to the Oath Keepers militia group whose members have been charged in relation to the January 6 Capitol riot, the company told Axios.

The big picture: Social media platforms that were used to plan or promote the Capitol attack have moved with varying degrees of speed to bar the accounts involved.

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