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Photo: Anna Moneymaker/Getty Images

The White House will send a year-end recap to Democrats on the Hill and allied groups, arguing that Americans are better off after one year of President Biden than when President Trump left office.

Why it matters: The memo, "2021: POTUS Delivered Results for Working Families," uses data to frame Biden's Year 1 as a season of accomplishment, despite the collapse of Build Back Better at year's end.

Featured metrics include vaccinations, school openings, unemployment, economic growth and child poverty.

  • Here's a graphic from the memo, provided first to Axios:
Graphic: The White House

The other side: Republicans, who are expected to win the House gavel in next year's midterms, are planning a slew of investigations of the Biden administration.

  • As Axios revealed this week, House Republicans say that if they win, they'll use subpoena power to investigate the Afghanistan withdrawal, immigration, the IRS, the National Security Agency and more.
  • See a list.

Go deeper ... Read the White House memo

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Go deeper

Families won't see child tax credit payments for first time in six months

A protest in support of the child tax credit in December. Photo: Sarah Silbiger/Bloomberg via Getty Images

Millions of families will not receive the monthly child tax credit payments this weekend for the first time in six months as the program expired at the end of last year.

Why it matters: More than 35 million families have received the payments, according to the IRS. The payments were part of the American Rescue Plan passed in 2021 and were seen as one of the largest anti-poverty measures in modern history.

China builds its own movie empire

Expand chart
Data: Gower Street citing Comscore; Chart: Kavya Beheraj/Axios

China blocked all four of Disney's Marvel movies from being released in its theaters last year, a grim sign for U.S. film giants being squeezed out of the world's fastest-growing box office.

Why it matters: The Chinese Communist Party is using domestic films as a key conduit for mass messaging aimed at achieving political goals, leaving little room for foreign views.

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.