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Biden Administration: President Biden participates virtually in the U.S-Asean Summit at 9 a.m. ET, has lunch with Vice President Kamala Harris, and campaigns with former Virginia Gov. Terry McAuliffe at Virginia Highlands Park in Arlington, Va., at 7:50 p.m. 

Budget Package: Democrats are continuing to negotiate details of a social policy and climate package, including how to pay for it. Sen. Joe Manchin, who has been a central figure in negotiations, speaks at 9 a.m. to the Economic Club of Washington, D.C. More below.

Congressional Hearings: The House Judiciary Committee examines “breaches identified in The Wall Street Journal’s report” about federal judges who hold stocks at 2 p.m. A Senate subcommittee examines the impact of TikTok, Snapchat and YouTube on young people at 10 a.m.

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Democrats are sprinting to wrap up negotiations over their wide-ranging social-policy-and-climate bill, seeking a legislative framework to secure support for a separate infrastructure package and before President Biden attends the Glasgow climate summit, report Andrew Duehren and Kristina Peterson. The tax increases to pay for the package, Medicare and Medicaid provisions and a paid leave program remain unresolved. The bill, initially drafted at $3.5 trillion, is now expected to cost between $1.5 trillion and $2 trillion.

• One leading idea to help pay for Mr. Biden’s agenda is an annual tax on billionaires’ unrealized capital gains. Here's how it would work. 

• Sen. Joe Manchin (D., W.Va.), a critical centrist in the talks, said on Monday that he still had concerns about expanding Medicare and filling a gap in healthcare coverage in states that haven’t expanded Medicaid.

• Q&A: What's in Democrats' budget reconciliation plan

• The bills have been drafted in response to a WSJ investigation finding 131 federal judges violated federal law by hearing lawsuits involving companies in which they reported owning stock.

• David Sellers, spokesman for the Administrative Office of the U.S. Courts, said the judiciary publicly releases in electronic form judges’ financial-disclosure reports at no cost to the requesting party.
   
• “We are considering ways to automate the release of these reports so they are available more quickly...while also balancing the serious safety and security considerations that exist,” Mr. Sellers said.

Mr. Trump is inserting himself into this year’s Virginia gubernatorial race, and next year’s critical midterm congressional elections, in a manner designed to keep his party’s attention focused on his unsubstantiated claim that the 2020 presidential election was stolen from him. Polls suggest the swing voters who decide close elections are more focused on rising inflation concerns, the difficulty in wrestling the coronavirus pandemic to the ground, a surge of immigration at the southern border and worries that woke culture is crowding out traditional values.

Mr. Trump's obsession with 2020 poses two big problems for Republicans. Read the full Capital Journal column here. 

Children and people from countries with low supplies of Covid-19 vaccines are among those who will be exempt from requirements that foreign nationals show proof of vaccination to fly to the U.S., report Stephanie Armour and Alison Sider. 

Meanwhile, the administration wants to find more companies to make Covid-19 rapid tests to meet demand from consumers, schools and businesses. NIH is allocating $70 million to help the FDA evaluate tests with the potential for large-scale manufacturing, reports Brianna Abbott.

• An FDA expert advisory panel today will consider endorsing the Pfizer-BioNTech Covid-19 vaccine for children 5 to 11 years old.

• Moderna's Covid-19 vaccine was generally safe and induced the desired immune responses in children ages 6 to 11 in a clinical trial, according to the company.

• Olympics organizers unveiled tough Covid-19 protocols for next February’s Winter Games in Beijing.

Facebook is trying to hire a big-name Democrat to oversee its U.S. lobbying, but its strained relations with the White House and Congress have made doing so a challenge, report Julie Bykowicz, Brody Mullins and Emily Glazer. Its difficulty is the latest sign of the company’s declining political fortunes and could make it harder for the company to influence efforts by Democrats to write tough new rules for internet platforms and take antitrust action against technology companies.

• Facebook spent nearly $20 million on lobbying last year, the most of any company in 2020, but finds itself under attack from Republicans and Democrats alike.
   
• Democrats who've passed on the job include a senior adviser to Mr. Biden and aides to former President Barack Obama, including Valerie Jarrett, according to people familiar with the job search.
   
• Vacancies mean Republicans run Facebook’s Washington lobbying office, led by its vice president of global public policy, Joel Kaplan, a former aide to President George W. Bush.

In other business news...

• Cryptocurrency developer Do Kwon, a South Korean citizen and resident, is suing the SEC, alleging that an in-person subpoena issuance violated the SEC’s own rules for keeping its probes secret.

• Jeff Bezos’ Blue Origin is working with a Sierra Nevada Corp. unit, Boeing Co. and others on a private space station as NASA prepares to wind down the International Space Station.

The State Department plans to announce this week organizational changes to confront cybersecurity challenges such as ransomware and waning global digital freedom, reports Dustin Volz, the latest overhaul by the Biden administration aimed at treating cyber threats as a top-tier national-security issue. 

• The restructuring will include the creation of a new bureau of cyberspace and digital policy to be led by a Senate-confirmed ambassador-at-large and a new, separate special envoy for critical and emerging technology, officials said.
   
• The State Department is completing details of the cyberspace and digital policy bureau’s size and budget with lawmakers, officials said.

• 🎧What’s News: Reporter Dustin Volz explains the changes.

Private citizens will be allowed to sponsor Afghan families under a new program launched Monday by the Biden administration, as overwhelmed agencies have left thousands stuck on military bases in harsh conditions waiting to be resettled, report Jessica Donati and Michelle Hackman. 

• The Sponsor Circle Program will be run along with the Community Sponsorship Hub, a nonprofit that was set up last month to help refugees settle in the U.S., filling the role of resettlement agencies.
   
• The criteria to become a sponsor are rigorous. A group of at least five people must submit a detailed plan to the Sponsorship Hub, including how they plan fundraising efforts to cover the $2,275-per-person cost.

In world news...

• The Taiwanese military, facing a China that says force is an option for taking control of Taiwan, suffers from poor preparation and low morale, which are eating away at deterrence capacity.

• Recent military exercises by Russia and allies in Central Asia signaled an intention to prevent terrorism or ethnic tensions in Afghanistan from spilling over into Moscow’s backyard.

• The stakes for President Biden are growing as the price tag for his big spending bill shrinks. (ABC News)
• As opponents block its original plans, the White House is discussing new strategies to combat climate change, including grants and loans for agricultural and industrial sectors to shift to cleaner methods. (Associated Press)
• Health authorities are carefully watching a new variant of the coronavirus, which first appeared in India. (Quartz)

This newsletter is a production of the WSJ Washington bureau. Send feedback to capitaljournal@wsj.com. Our newsletter editors are Kate Milani, Troy McCullough, and Toula Vlahou. You can follow politics coverage on our Politics page and at @wsjpolitics on Twitter.