| | | | | | | Presented By Facebook | | | | Axios Sneak Peek | | By the Axios Politics team ·Mar 22, 2022 | | Welcome back to Sneak. 🚀 Countdown: 13 days until Axios' inaugural What's Next Summit on April 5! Register here to attend virtual livestream sessions featuring the CEOs of GM, Accenture, TIAA and more. Smart Brevity™ count: 1,035 words ... 4 minutes. Edited by Glen Johnson. | | | | | | 1 big thing: Scoop - Dimon wants energy "Marshall Plan" |  | | | Jamie Dimon. Photo: Michel Euler/Pool/AFP via Getty Images | | | | JPMorgan Chase CEO Jamie Dimon told President Biden the White House needs to create a "Marshall Plan" to develop more domestic gas and other energy resources, Axios' Hans Nichols has learned. Why it matters: The Biden administration has been struggling to convince oil and gas companies to increase production more quickly after Russia's invasion of Ukraine sent prices soaring. Dimon told the president and his top economic aides additional gas production is needed both for Europe and America's energy security. - Dimon's call for the federal government to assume a more aggressive posture on energy and climate is a clear signal the business community is looking to Washington for leadership — and big, bold ideas — on how to achieve energy security.
- He is calling for more liquified natural gas facilities in Europe, reduced reliance on Russian imports and investments in new technology — like hydrogen and carbon capture.
- As one of America's most influential executives, Dimon's pronouncements carry weight. Each spring, Wall Street devours his annual letter to investors for an overview of his global outlook, as well as his specific public policy recommendations.
Driving the news: Dimon made his case for energy independence yesterday during a closed-door White House meeting with 16 top executives. They included the CEOs of ExxonMobil, ConocoPhillips, Marathon Petroleum, Bank of America and Visa, people familiar with the matter told Axios. - The meeting wasn't on the president's public schedule, but Biden stopped by for about 20 minutes to give an update on Ukraine.
- Treasury Secretary Jane Yellen, Commerce Secretary Gina Raimondo, national security adviser Jake Sullivan and National Economic Council director Brian Deese also attended.
What they're saying: "We have a historic set of ideas on the table for investment in the U.S. energy sector, which would strengthen our security and make us more resilient to actions by leaders like Putin," said a White House official. - "Those ideas are concrete, and we welcome engagement from all those who would join us in driving investments to strengthen our energy sector."
Keep reading. |     | | | | | | 2. Scoop: Senators to discuss gold sanctions with Yellen |  | | | Illustration: Shoshana Gordon/Axios | | | | A bipartisan group of senators is working with the Treasury Department to try to lock down Russia's roughly $132 billion in gold reserves after its invasion of Ukraine, Axios' Sophia Cai has learned. Why it matters: The collaborative approach is a departure from congressional efforts to shame and blame the Biden administration to shape moves on Russian oil imports, or the SWIFT banking system. If successful, it could drive more work across the aisle and along both ends of Pennsylvania Avenue, as the president balances diplomatic pressures abroad with political pressures at home. Driving the news: Treasury Secretary Janet Yellen will meet this week with Sens. Angus King (I-Maine), John Cornyn (R-Texas), Bill Hagerty (R-Tenn.) and Maggie Hassan (D-N.H.) to discuss the legislation, people familiar with the plans told Axios. When Axios first reported about this bill two weeks ago, Yellen's involvement had not occurred. - Congressional offices worked with Treasury over the weekend to make some technical changes to the bill.
- King said it could pass the Senate as soon as this week. Lawmakers originally wanted to slip it into the omnibus spending bill that passed this month.
- A Treasury spokesperson told Axios, "Secretary Yellen regularly meets with members of Congress to discuss legislation. Additionally, Treasury staff frequently provide technical assistance on sanctions bills."
Keep reading. | | | | | | | | 3. By the numbers: Readiness abroad |  Data: U.S. European Command; Chart: Danielle Alberti/Axios The president will meet Friday with U.S. troops stationed in Poland, a key NATO ally currently housing 10,500 of the 100,000 American service members now deployed across Europe. Why it matters: Russia invaded Ukraine with a force estimated at 190,000. The last time the U.S. had 100,000 troops deployed in Europe was 2005, during the early years of the Global War on Terror, according to a history of U.S. force posture provided by U.S. European Command and reviewed by Axios' Zachary Basu. - NATO Secretary-General Jens Stoltenberg said last week the alliance must "reset" as a result of the "new security reality" created by Russia's invasion and its military integration with Belarus.
- What that reset looks like will be a top priority when Biden attends an emergency NATO summit in Brussels on Thursday.
By the numbers: After an initial post-World War II demobilization, the number of U.S. troops in Europe surged from 97,000 in 1950 to over 450,000 in 1957. - That was the first of two major Cold War buildups, with the second peaking at about 340,000 troops in 1987.
- In 2018, the number of U.S. troops in Europe bottomed out at around 65,000, the posture history shows.
🔍 Go deeper: Click on a country in the chart above to see the number of U.S. troops in that individual nation. Keep reading. | | | | | | | | A message from Facebook | | We're making investments in safety and security — and seeing results | | |  | | | | Facebook has invested $13 billion over the last 5 years to help keep you safe. Over the last several months, we've taken action on: - 62 million pieces of explicit adult content.
- 51.7 million pieces of violent and graphic content.
See how we're working to help you connect safely. | | | | | | 4. Worthy of your time |  | | | Sen. Ted Cruz (R-Texas) holds up a book on antiracism while questioning Supreme Court nominee Judge Ketanji Brown Jackson. Photo: Win McNamee/Getty Images | | | | 🇺🇦 The Senate will hold an all-senator classified briefing on Ukraine on March 30 as the Russian invasion grinds on into its second month with no clear end in sight, according to a Senate aide in touch with Hans. 🛥 Reps. Mike Gallagher (R-Wis.), Seth Moulton (D-Mass.), Peter Meijer (R-Mich.) and Jake Auchincloss (D-Mass.) introduced the Yachts for Ukraine Act, which would repurpose seized Russian assets to support humanitarian assistance for Ukraine, Axios' Andrew Solender reports. ⚖️ Sen. Mitt Romney (R-Utah), a potential swing vote on Judge Ketanji Brown Jackson's Supreme Court nomination, told the Washington Post attacks by some of his Republican colleagues on her sentencing record are "off course," adding, "There is no there, there." 💍 Sen. Mike Braun (R-Ind.) said during a call with reporters his opposition to "judicial activism" extends to the landmark Supreme Court case Loving v. Virginia, which legalized interracial marriage. He argued such issues are better left to the states to decide. 📊 More than half of Americans do not trust the federal government and don't think it helps people like them, according to a new survey by Partnership for Public Service and Freedman Consulting, Axios' Stef Kight writes. | | | | | | | | 5. Pic du jour |  | | | Photo: Alex Wong/Getty Images | | | | National security adviser Jake Sullivan handled the White House briefing solo after press secretary Jen Psaki tested positive for COVID-19 for the second time. - She'll skip President Biden's trip to Europe later this week, she said in a statement.
- She missed another presidential trip to Europe last fall for the same reason.
- Sullivan had originally planned to make a guest appearance during Psaki's regular daily briefing.
| | | | | | | | A message from Facebook | | Privacy Checkup helps you stay informed and empowered on Facebook | | |  | | | | We want privacy to be as easy as possible for you. That's why we built the Privacy Checkup, so you can: - Strengthen your account security.
- Learn about your privacy settings and how your information is used.
- Control who sees what you post.
Learn more about our safety efforts. | | | | 📬 Thanks again for reading! One ask: Please tell your family, friends and colleagues they can subscribe to Sneak or any of Axios' other free local and national newsletters through this link. |  | It's called Smart Brevity®. Over 200 orgs use it — in a tool called Axios HQ — to drive productivity with clearer workplace communications. | | | | | | Axios thanks our partners for supporting our newsletters. If you're interested in advertising, learn more here.
Sponsorship has no influence on editorial content. Axios, 3100 Clarendon Blvd, Suite 1300, Arlington VA 22201 | | | You received this email because you signed up for newsletters from Axios.
Change your preferences or unsubscribe here. | | | Was this email forwarded to you?
Sign up now to get Axios in your inbox. | | | | Follow Axios on social media:    | | | | | |
No comments:
Post a Comment