Photo: Nick Brundle Photography/Getty Images

The White House published today the economic part of the Trump administration's Israeli-Palestinian peace plan.

Why it matters: The economic part of the peace plan was drafted over the last two years and was published three days before the Bahrain conference, which will discuss ways to boost the Palestinian economy. White House officials told me they wanted participants to come to the conference after they read the economic plan and are able to comment on it.

Details:

  • An investment of $50 billion over 10 years in the West Bank and Gaza, Jordan, Egypt and Lebanon. Half of the money will be invested in the West Bank and Gaza — and the rest in Jordan, Egypt and Lebanon.
  • More than 100 infrastructure, industry, health and education projects in the West Bank and Gaza. For example, around a billion dollars will be invested in tourism projects.
  • $5 billion will be invested in a passage that will connect the West Bank and Gaza through Israeli territory and will include a highway and a possible railway.

The big picture: White House officials say the goal of the plan is to create a million jobs in the West Bank and Gaza and to double the Palestinian GDP over 10 years.

  • The plan aims at lowering Palestinian unemployment from 30% today to single digits, and cutting poverty by half within a decade, the White House officials added.
  • Some of the funding for the plan will come from U.S. taxpayers, but most will come from the Gulf States, Western countries and the private sector, per the officials.

The bottom line: The White House officials stressed that the economic plan is only the beginning and the political part of the plan will be released in the future.

  • "The economic plan will not work without resolving the political issues," the White House officials said.

Go deeper

3 hours ago - Health

15 states broke single-day coronavirus records this week

Data: Compiled from state health departments by Axios; Map: Danielle Alberti/Axios

At least 15 states broke their single-day novel coronavirus infection records this week, according to state health department data reviewed by Axios.

The big picture: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Andrew Withershoop and Caitlin Owens report.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 11,143,945 — Total deaths: 527,681 — Total recoveries — 6,004,593Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 2,818,588 — Total deaths: 129,584 — Total recoveries: 883,561 — Total tested: 34,213,497Map.
  3. States: Photos of America's pandemic July 4 ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
  5. Politics: Trump extends PPP application deadlineKimberly Guilfoyle tests positive.
  6. World: Mexican leaders call for tighter border control as infections rise in U.S.
  7. Sports: 31 MLB players test positive as workouts resume.
  8. 1 📽 thing: Drive-in movie theaters are making a comeback.
4 hours ago - Health

In photos: America celebrates July 4 during global pandemic

Photo: Francine Orr/Los Angeles Times/Getty Images

The U.S. has already celebrated Easter, graduations and so much more during the coronavirus pandemic, and now it can add July 4 to the list.

The state of play: Axios' Stef Kight writes public parades and fireworks displays around much of the country are being canceled to prevent mass gatherings where the virus could spread. Hot-dog contests and concerts will play to empty stands and virtual audiences — all while American pride treads an all-time low.