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| Presented By Bank of America |
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| Axios AM |
| By Mike Allen ·May 28, 2021 |
| 🏖️ Happy Getaway Friday, ahead of Memorial Day. Smart Brevity™ count: 1,198 words ... 4½ minutes. Edited by Zachary Basu. 💻 At 11:30 a.m. ET today, please join Axios' Hope King, Sara Kehaulani Goo and Niala Boodhoo for a virtual event on visibility and political power in the Asian American and Pacific Islander community. Guests: Sen. Mazie Hirono (D-Hawaii), actor and producer Daniel Dae Kim, and more. Sign up here. |
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| 1 big thing: Biden's 2024 tease |
| Speaking in Cleveland yesterday, President Biden brandished a list of Republicans he said have been "bragging about" stimulus they opposed. Photo: Evelyn Hockstein/Reuters President Biden echoed FDR's New Deal during a speech at a community college in Ohio yesterday, dubbing his own multitrillion-dollar plans "a new bargain." - Why it matters: That branding amounts to an early argument for Biden's re-election.
Promoting a "Blue Collar Blueprint for America," Biden contrasted himself with his Republican predecessors when he added: "Everyone is going to be in on the deal this time." - This is Biden's take on former President Trump's "Make America Great Again" — a populist appeal, minus dog whistles, for the U.S. to reclaim its post-World War II glory, Axios managing editor Margaret Talev writes.
Between the lines: Biden is using the early success of his COVID stimulus to show he knows what he's doing, despite critics' serious concerns about inflation and the mounting national debt. - Biden today will unveil a $6 trillion budget proposal for next year that runs a $1.8 trillion federal government deficit.
- The plan "would take the United States to its highest sustained levels of federal spending since World War II," the N.Y. Times reports.
During yesterday's speech at Cuyahoga Community College in Cleveland, Biden invoked long-ago works projects — and China's rise on the world stage — to make the case for tax increases and deficit spending to reset the balance between the wealthy and the working class. - "We're going to take back some of that 1% money and make 'em pay for it," he said, referring to Trump tax cuts for the wealthy and corporations.
 Data: OMB. Chart: Andrew Witherspoon/Axios What's next: Rallying Americans around this argument is Biden's best chance to enact elements of his $6 trillion budget, and keep pressure on Republicans to commit to new infrastructure spending. "We have to start investing in ourselves again," he said. - He recalled the U.S. bringing electricity to the masses in the 1930s and connecting the interstate highway system in the 1950s.
Over three decades, Biden said, the U.S. slipped from the top to No. 9 for R&D spending worldwide, while China rose from No. 8 to No. 2. - "We're in a race to see who wins the 21st century," he concluded. "We must be No. 1 in the world to lead the world."
Share this story. ... Read Biden's speech. |
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| 2. New wedge against Manchin |
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| Manchin talks to reporters about his support for a Jan. 6 commission while walking down a hall of Dirksen Senate Office Building yesterday. Photo: Chip Somodevilla/Getty Images |
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| Republican opposition to a commission to investigate the Capitol riot provides a new wedge for Democrats to pressure Sen. Joe Manchin (D-W.Va.) to soften his opposition to changing the filibuster rule. - A Senate vote on the commission, expected yesterday, was pushed back to today.
Why it matters: Manchin is furious that Republicans aren't supporting the commission. And some Democrats hope that the issue will cause him to yield on his opposition to ending the filibuster rule, which requires 60 votes for a bill to pass. - In this 50-50 Senate, that means 10 Republicans. Under a simple majority, with Vice President Harris breaking the tie, Democrats would be able to pass parts of the Biden agenda — on voting rights, climate and more — that otherwise would die in the Senate.
So far, he hasn't been willing to act on that. Asked yesterday if he would vote to end the filibuster if Republicans blocked the commission, Manchin replied: "I'm not willing to destroy our government, no." - But he followed that by saying he was hopeful enough Republicans would come around: "You have to have faith there's 10 good people."
If that doesn't happen, Democratic leaders will be able to argue to him that Republicans aren't acting in good faith. - The problem for progressive outside groups is they have plenty of money to pressure Manchin. But they can't make credible threats against a unique Democrat in an extremely Trumpy state.
Go deeper: What's the Senate filibuster and why change it? |
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| 3. SolarWinds hackers are back |
| Screenshot of spear-phishing email discovered by Microsoft. Russian hackers behind the massive SolarWinds breach have launched a new wave of cyberattacks targeting government agencies, think tanks, consultants and NGOs, Microsoft disclosed late last night. - Why it matters: The revelation of the ongoing attack comes less than two months after the U.S. imposed sanctions and expelled Russian diplomats in response to the SolarWinds hack, described by Microsoft as the "most sophisticated attack the world has ever seen."
President Biden is set to meet Vladimir Putin in Geneva in three weeks. |
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| A message from Bank of America |
| The only way to move forward is together |
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| Bank of America is committed to the health and economic recovery of our clients and communities in the wake of the coronavirus. - $34B to support small businesses through PPP loans.
- 28M masks for vulnerable populations.
Learn more about the company's efforts. |
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| 4. Pic du jour: America returns |
| Photo: Agustin Paullier/AFP via Getty Images People skateboard after sunset yesterday at the Venice Beach skate park in L.A. |
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| 5. Vaccine incentives pile up |
 Data: Ohio Department of Health; Chart: Andrew Witherspoon/Axios Commercial vaccine incentives began this spring with free donuts from Krispy Kreme. But as vaccination rates have begun to dip, more companies and states are upping the ante, Axios health care editor Tina Reed writes. - CVS Health's prizes include giveaways of $5,000 for family reunions, one-week cruises, dates from dating app Hinge and more.
- United Airlines is offering MileagePlus members who upload their vaccination cards by June 22 a chance to win free flights for a year.
Since Ohio Gov. Mike DeWine announced a $1 million lottery and chances for college scholarships on May 12, nearly 2.8 million Ohioans registered for the lottery by getting a shot, the state said. |
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| 6. Nike dropped Neymar over sexual assault probe |
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| Neymar after Brazil's defeat in the 2018 FIFA World Cup quarterfinals. Photo: Michael Regan - FIFA/FIFA via Getty Images |
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| Nike terminated its endorsement deal last year with Brazilian superstar Neymar, the most expensive player in the history of soccer, over allegations that he sexually assaulted an employee, The Wall Street Journal reports (subscription). - "Nike ended its relationship with the athlete because he refused to cooperate in a good faith investigation of credible allegations of wrongdoing by an employee," Nike's general counsel said in a statement.
The Nike employee filed a complaint to the company in 2018, alleging that an intoxicated Neymar assaulted her in 2016 in a New York City hotel room. Nike hired outside lawyers to begin investigating in 2019 and stopped featuring Neymar in marketing. - "Neymar Jr. will vigorously defend himself against these baseless attacks in case any claim is presented, which did not happen so far," a spokeswoman said in a statement.
- The Paris Saint-Germain star, who had eight years remaining on his Nike contract, signed a new deal with Puma in September 2020.
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| 7. 🎧 "America's Business Comeback" |
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| Illustration: Shoshana Gordon/Axios |
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| This week on Axios Re:Cap, Dan Primack hosts a special six-part series — "America's Business Comeback" — profiling iconic small businesses impacted by the pandemic, and the decision-makers leading the recovery. Check out the full podcast series here. |
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| 8. U.S. to crunch secret Wuhan data |
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| Biden speaking to reporters before departing the White House on Wednesday. Photo: Win McNamee/Getty Images |
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| President Biden's call for a report on COVID's origins within 90 days came after intelligence officials told him they had a "raft of still-unexamined evidence that required additional computer analysis that might shed light on the mystery," the N.Y. Times reports (subscription). - Why it matters: The U.S. "may not have exhausted its databases of Chinese communications, the movement of lab workers and the pattern of the outbreak of the disease around the city of Wuhan."
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| 9. 🚨 New Swan podcast |
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| Photo illustration: Sarah Grillo/Axios. Photo: Alex Wong/Getty Images |
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| More weekend listening ... Jonathan Swan is back today with a must-listen bonus episode of "How It Happened," our hit podcast series detailing the wild final days of the Trump presidency. - Swan details Trump's botched attempt in November 2020 to rapidly withdraw all U.S. troops from Afghanistan in an effort to cement his legacy before President Biden took office.
Listen to the podcast. ... Read the reporting. |
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| 10. GM's newest vehicle: Off-road moon rover |
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| Illustration: Lockheed Martin, GM via AP |
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| GM and Lockheed Martin are producing the ultimate off-road, self-driving, electric vehicles — moon rovers, AP reports. - A brief video showed a large, open rover speeding over lunar slopes, with more headlights in the distance.
- The project has yet to score any NASA money. The space agency aims to return astronauts to the moon by 2024, a deadline set by President Trump.
How it started: In this 1971 photo, astronaut James Irwin stands next to a rover on the surface of the moon. Photo: NASA via AP |
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| A message from Bank of America |
| Protecting lives, fostering hope |
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| COVID-19 last year forced the YWCA of Greater Cincinnati to move residents of its domestic violence shelters into hotels and quickly adapt its services. As part of its $100 million commitment to local communities, Bank of America is supporting YWCA residents in the transition and expanding care. |
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