Jan 5, 2017

What we're watching: House GOP considers cutting UN funds

Some House Republicans are debating moves against the UN after the Obama Administration didn't protect Israel from a resolution that denounced Israeli settlements in the West Bank.

What to watch: The House Freedom Caucus meets next Monday and will either vote to reduce U.S. funding to the UN, or make funding voluntary. This second move would give Congress leverage each year to cut U.S. funding for the U.N. as it pleases. The U.S. gave the U.N. $3 billion in 2016.

Republican Jim Bridenstine is developing the legislation, per BuzzFeed.

Don't forget: The U.S. also provides additional "voluntary contributions" to UN agencies which increases the total.

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Scoop: Amazon's local podcast play

Illustration: Sarah Grillo/Axios

Amazon is looking to invest in localized podcast content, like news and sports, sources tell Axios. Sports content is top of mind as the company plans to buy up more TV rights and have adjacent audio content for users.

Why it matters: Amazon sees a strategic advantage in podcasts by leveraging Alexa voice tech to help users discover personalized content.

The oil stakes of Trump vs. Biden

Reproduced from Rapidan Energy Group; Chart: Axios Visuals

U.S. oil production is in a steep decline, but one question is how much November's elections will affect how much it does — or doesn't — bounce back.

Why it matters: The powerful price and demand headwinds from the coronavirus pandemic are creating a financial crisis in the oil patch.

The top stories from "Axios on HBO"

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