Jan 23, 2017

What to expect at the GOP policy retreat

J. Scott Applewhite / AP

Cowen analyst Chris Krueger sets the scene for this week's GOP policy retreat:

  • He sees Obamacare repeal being rolled into tax reform, incentivizing lawmakers to vote in favor of it. Krueger calls this process of merging two bills into one the legislative equivalent of William "Refrigerator" Perry.
  • Says Trump will be "super anxious" to put some points on the board, and infrastructure is something everyone largely agrees on. With the main focus on repealing and replacing Obamacare, Trump should have more wiggle room on infrastructure.
  • A bipartisan package of tax cuts and credits could be approved for the FY18 reconciliation process. It could also be a component of an infrastructure bill.

Go deeper

Biden: George Floyd's last words are "a wake-up call for our nation"

Former Vice President Joe Biden meets with clergy members and community activists during a visit to Bethel AME Church in Wilmington, Del. on June 1, 2020. Photo: JIM WATSON/AFP via Getty Images

Joe Biden will call George Floyd’s dying words “a wake-up call for our nation,” and criticize President Trump’s decision to unleash tear gas on peaceful protesters outside the White House, in a civil rights speech from Philadelphia on Tuesday.

Why it matters: Biden in the address will seek to draw a sharp contrast between himself and Trump, whose first remarks addressing nationwide unrest Monday highlighted law and order, extreme demonstrations of militarized “strength” and other blustery threats.

The alarm over climate financial risk gets louder because of coronavirus

Illustration: Sarah Grillo/Axios

The COVID-19 pandemic underscores why market regulators, companies and investors should do a better job planning for climate risks to the financial system, a pair of reports finds.

Driving the news: The International Monetary Fund said projected increases in the frequency and severity of natural disasters are a potential threat that investors probably aren't weighing enough.

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Facebook's first major public worker walkout

Illustration: Sarah Grillo/Axios

Disgruntled Facebook employees, upset for days over the company's decision not to take down what they saw as calls for violence from President Trump, made their grievances public on Monday, with reportedly hundreds of workers staging a virtual walkout.

Why it matters: Facebook staffers have pushed back against controversial management choices in the past, but they've never before made public their dissent en masse. The protest suggests that the company — already battered by privacy scandals and political tensions — could be beginning to lose at least some of its workforce's trust.