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Capital Journal
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Good morning from the WSJ Washington bureau. We produce this newsletter each weekday to deliver exclusive insights and analysis from our reporting team in Washington. Sign up.
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Biden's Day: President Biden holds a cabinet meeting this afternoon. Vice President Kamala Harris will attend the meeting.
Jobless Claims: Claims rose last week to 719,000, the Labor Department said Thursday, but remain near their lowest point since Covid’s onset. Applications have trended downward this year.
Voting-Law Pressure: Georgia-based Delta and Coca-Cola took a tougher stance against the state’s new voting law after dozens of prominent Black executives called on corporations to fight Republican-led legislation they say would limit voting access for Black voters in numerous states.
Taxes: WSJ’s updated 2021 tax guide now reflects changes made in the most recent Covid-relief law. (🎧Your Money Briefing: Reporter Laura Saunders explains the changes.)
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Biden's Infrastructure Plan
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President Biden spoke on infrastructure spending in Pittsburgh on Wednesday. PHOTO: EVAN VUCCI/ASSOCIATED PRESS
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President Biden unveiled a $2.3 trillion infrastructure plan on Wednesday centered on fixing roads and bridges, expanding broadband internet access and boosting funding for research and development, plus higher corporate taxes to pay for the package, Andrew Restuccia and Tarini Parti report. It would tear down much of the structure that Republicans built in their tax law less than four years ago, Richard Rubin reports.
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🎧What’s News: Reporter Tarini Parti discusses how Mr. Biden intends to sell his plan to Republicans and the public.
Economists say the infrastructure changes included in the proposal could enable the economy to grow more rapidly over the long term and lift living standards without triggering worrisome inflation. But critics, including business groups and many Republican lawmakers, say the plan to pay for the measures through tax increases will damp investment, undercutting the boost to growth, reports Kate Davidson.
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The plan touches an array of American businesses and industries including auto makers, fiber-optic companies, pharmaceutical developers and home builders. Jacob M. Schlesinger reports on the businesses that could see windfalls—but with strings attached.
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High-speed internet: Expanding broadband access has bipartisan support, but Republicans say that wrapping it into the infrastructure proposal is the wrong approach.
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Two Issues That Complicate Biden’s Big Infrastructure Plan
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Democrats and Republicans are both interested in spending money on the nation’s infrastructure. But the two sides don’t see eye to eye on what that plan should be and how to pay for it.
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Photo illustration: Emma Scott
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129,015,662 cases world-wide and 2,818,170 deaths.
30,461,066 cases in the U.S. and 552,073 deaths.
Source: Johns Hopkins University, as of 8 a.m. ET.
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Many states are expanding Covid-19 vaccine eligibility this week, with supplies still tight. States are banking on a growing number of vaccine doses to meet the need, report Jon Kamp and Joseph De Avila. Mr. Biden has set a goal of 200 million shots by April 30.
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While the pace of vaccinations in the U.S. is picking up, the number of new cases is on the rise. Health officials cite vaccine demographics, expanded reopenings, pandemic fatigue and variants as reasons behind the uptick, report Talal Ansari and Melanie Grayce West.
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The White House won’t renew a ban on H-1B and other work-based visas imposed last year in response to the pandemic that was set to expire Wednesday, Michelle Hackman reports. Officials said Mr. Biden doesn’t plan to speak about the ban's expiration publicly.
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The Pfizer-BioNTech vaccine protects against symptomatic Covid-19 for at least six months, according to findings from a late-stage trial.
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The aircraft carrier USS Nimitz during a Strait of Hormuz transit in September 2020. PHOTO: ELLIOT SCHAUDT/AGENCE FRANCE-PRESSE/GETTY IMAGES
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 WSJ News Exclusive
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President Biden has directed the Pentagon to begin removing some military capabilities and forces from the Gulf region in the first steps of an effort to realign the U.S. global military footprint away from the Mideast, report Gordon Lubold and Warren P. Strobel. The changes come as Saudi Arabia endures rocket and drone attacks from inside Yemen and Iraq.
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House Minority Leader Kevin McCarthy said Republicans would remove Rep. Matt Gaetz from the House Judiciary Committee if “it turns out to be true” that the Florida Republican had a sexual relationship with a 17-year-old girl and paid her to travel with him, Siobhan Hughes and Rebecca Davis O’Brien report.
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Democratic House candidate Rita Hart said she was dropping the challenge to her narrow election loss in Iowa, after her effort drew increasing concern among Democrats on Capitol Hill, Kristina Peterson reports.
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The NCAA faced a barrage of skeptical questions from the justices across the ideological spectrum Wednesday as it sought to defend tight limits on the types of compensation that college athletes can receive, report Brent Kendall and Louise Radnofsky. It wasn’t clear, however, that the student athletes who sued the NCAA were assured a victory.
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From reporter Louise Radnofsky:
Justices as diverse as Samuel Alito and Elena Kagan expressed skepticism of the NCAA’s insistence that its unique product, college sports, gave it the right to impose compensation limits that wouldn’t be acceptable anywhere else. Those concerns are consistent with sentiment in the political arena, where liberal Democrats concerned about the exploitation of Black college athletes have teamed up with conservative Republicans who view the restrictions as an affront to free-market values.
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The U.S. is undertaking strategic planning with Australia to consider joint responses to a Chinese move on Taiwan. (South China Morning Post)
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Overwhelmed U.S. authorities are releasing migrant families without paperwork to appear later in court. (Associated Press)
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A kind of cold war has broken out among former Trump aides as they try to capitalize on the former president's influence and donor list. (Politico)
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This newsletter is a production of the WSJ Washington bureau. Our newsletter editors are Kate Milani, Troy McCullough, James Graff, and Toula Vlahou. Send feedback to capitaljournal@wsj.com. You can follow politics coverage on our Politics page and at @wsjpolitics on Twitter.
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