Wednesday, January 18, 2023

🚨 Hill's next battlefield

Plus: Two new Santos lies | Wednesday, January 18, 2023
 
Axios Open in app View in browser
 
Presented By Alibaba
 
Axios Sneak Peek
By Hans Nichols and Zachary Basu · Jan 18, 2023

Welcome back to Sneak. Smart Brevity™ count: 987 words ... 3.5 minutes.

 
 
1 big thing: GOP's partisan vanguards
Data: Axios research; Note: Chart does not include an exhaustive list of House committees; Chart: Simran Parwani/Axios

Republicans on the House Oversight Committee have sent more letters to the Biden administration since 2021 than any other panel, making it the epicenter of a political war that will define the next two years on Capitol Hill, according to an analysis by Axios' Sophia Cai and Simran Parwani.

Why it matters: House Republicans have made a conscious choice to appoint several of their most pugilistic, conspiratorial-minded members to the Oversight Committee — a risky bet that the Biden White House is already seizing on.

  • Rep. Marjorie Taylor Greene (R-Ga.), who today proclaimed herself the "leading MAGA voice in Congress," has lent her support to QAnon conspiracies and endorsed the idea of executing Democratic leaders before she was elected.
  • Rep. Paul Gosar (R-Ariz.) posted, then deleted, an altered anime video of himself on Twitter in 2021 that depicted him executing Rep. Alexandria Ocasio-Cortez (D-N.Y.).
  • Rep. Scott Perry (R-Pa.) played a role in attempting to overturn the results of the 2020 election and sought a pardon from the Trump White House, according to the Jan. 6 committee.
  • Rep. Lauren Boebert (R-Colo.) has a history of racist and Islamophobic remarks and has boasted about her attempt to block the certification of President Biden's 2020 election.
Screenshot: MSNBC

Between the lines: Republicans are eager to use their majority to hold the Biden administration's feet to the fire after two years of unified Democratic government.

  • "Joe Biden, be prepared. We are going to uncover every corrupt business dealing, every foreign entanglement, every abuse of power, and every check cut for The Big Guy," Greene said in a statement yesterday.

The other side: Democrats are prepared to go toe-to-toe with their flame-throwing counterparts, but warn Republicans that embracing the coming public spectacle will backfire.

  • "The American people don't care about Hunter Biden's laptop and they'll have very little patience for Republicans wasting taxpayer dollars on nonsensical conspiracy theories," Rep. Dan Goldman (D-N.Y.) told Axios' Andrew Solender.
  • "If the GOP insists on continuing down the road of partisan investigations that they have promised, they're going to be in for a rude awakening at the ballot box in 2024."

Share this story.

Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 
2. 🇨🇳 Inside Yellen's rare China meeting
Photo: Sebastien Bozon/AFP via Getty Images

Top Chinese officials told Treasury Secretary Janet Yellen they are optimistic China can return to normal economic growth and avoid a crisis in its property sector, Axios' Hans Nichols reports from aboard Yellen's plane.

Why it matters: China's economy is somewhat of a black box. The Biden administration — not to mention every investor with a Bloomberg Terminal — is eager to gain a better understanding.

Driving the news: This week, Beijing's official GDP reading flashed 3% in 2022, down from 8.1% in 2021. The country's housing market is flirting with disaster.

  • Today's meeting between Yellen and China's Vice Premier Liu He in Zurich, Switzerland, gave Treasury officials a chance to hear Beijing's theory of its economy — as well as global growth — first-hand and in-person.

Between the lines: The mood of the meeting, which was attended by officials from both delegations, was largely positive. When it was over, Treasury quickly announced that Yellen would visit China in the "near future."

  • Yellen will also roll out the welcome mat to whoever replaces Liu in March, when President Xi Jinping unveils his new government.

What we're hearing: The Chinese delegation acknowledged the financial risks in the property sector but indicated it can bring it under control.

  • The officials didn't define what they meant by normal economic growth — only that they were confident that they can resume something close to it.
  • In the decade before COVID-19, China's annual GDP averaged above 7%.

The other side: Yellen told her counterpart that the U.S. can avoid a recession and still bring down inflation. That's in line with her public comments.

The intrigue: When the official agenda indicated it was time to raise any concerns, both sides said there was no need — as Yellen and Liu already discussed them one on one at a coffee break, according to the Treasury official.

  • That kept any difficult conversation — or confrontations — between the two principals.

Share this story.

Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 
3. 👀 2028 starts now
Maryland Gov. Wes Moore delivers his inaugural address after being introduced by Oprah Winfrey. Photo: Chip Somodevilla/Getty Images

A pair of newly inaugurated Democratic governors are moving swiftly to secure bipartisan victories in their first week in office, including by adopting a popular jobs policy pioneered by a Republican, Axios' Alexi McCammond reports.

Why it matters: Maryland Gov. Wes Moore and Pennsylvania Gov. Josh Shapiro are viewed as rising Democratic stars and potential future presidential candidates. Both were sworn in today, with Moore making history as Maryland's first Black governor and only the third elected in U.S. history.

Pennsylvania Gov. Josh Shapiro delivers his inaugural address. Photo: Mark Makela/Getty Images

What's happening: In his first act as governor, Shapiro signed an executive order eliminating the four-year college degree requirement for 92% of all state government jobs — impacting about 65,000 positions.

  • Republican Gov. Larry Hogan, Moore's predecessor, made Maryland the first state to eliminate the requirement for thousands of state jobs last March.
  • Moore, who championed the idea on the campaign trail in 2022, is expected to keep the policy in place, sources told Axios.

Keep reading.

Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 

A message from Alibaba

U.S. businesses find success with Chinese consumers
 
 

Chinese consumers are showing increased interest in buying goods from U.S. businesses.

Last year alone, U.S. companies sold nearly $61.4 billion worth of products to consumers in China through Alibaba's e-commerce platforms.

Learn how it's impacting the U.S. economy.

 
 
4. 🤥 Two new Santos lies
George Santos

Photo: Tom Williams/CQ-Roll Call via Getty Images

 

One day after receiving committee assignments, Rep. George Santos' (R-N.Y.) spectacular web of lies appears to have expanded even further — raising new questions about how far is too far for GOP leadership:

  • Two New Jersey veterans say Santos set up a GoFundMe for one of their sick dogs, raised $3,000 and then refused to hand over the money.(Patch; CNN)
  • Santos has said his mother was inside the World Trade Center on 9/11, but immigration records indicate she wasn't even in the U.S. on that day. (WaPo)
Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 
5. 🚨 Charted: Congressional threat cases finally fall
Data: United States Capitol Police; Chart: Tory Lysik/Axios Visuals

Investigations into threats against members of Congress decreased last year for the first time since former President Trump took office in 2017, Axios' Andrew Solender writes from data released by the Capitol Police.

Keep reading.

Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 

A message from Alibaba

Sales creating impact
 
 

U.S. businesses are finding success by expanding their markets to Chinese consumers via Alibaba's e-commerce platform.

Why it's important: These sales are creating a major boost to the U.S. economy. In 2021, sales to Chinese consumers on Alibaba added $47.3 billion to the U.S. GDP.

Learn how.

 

📬 Thanks for reading tonight. This newsletter was edited by Zachary Basu and copy edited by Kathie Bozanich.

HQ
Are you a fan of this email format?
Your essential communications — to staff, clients and other stakeholders — can have the same style. Axios HQ, a powerful platform, will help you do it.
 

Axios thanks our partners for supporting our newsletters.
Sponsorship has no influence on editorial content.

Axios, 3100 Clarendon B‌lvd, Arlington VA 22201
 
You received this email because you signed up for newsletters from Axios.
To stop receiving this newsletter, unsubscribe or manage your email preferences.
 
Was this email forwarded to you?
Sign up now to get Axios in your inbox.
 

Follow Axios on social media:

Axios on Facebook Axios on Twitter Axios on Instagram
 
 
                                             

No comments:

Post a Comment

What Are Buffett, Dalio, and Druckenmiller So Worried About?

U.S. Market has quietly entered the 'Dead Zone' Dear Reader, As the market hits new highs... and the general public is feeling ...