Senate Democrats settling on 25% corporate tax rate

The universe of Democratic senators concerned about raising the corporate tax rate to 28% is broader than Sen. Joe Manchin, and the rate will likely land at 25%, parties close to the discussion tell Axios.

Biden to propose two-pronged infrastructure package

The next step in President Biden’s large-scale economic plan is infrastructure, and he’ll be unveiling the first piece of a two-part package on Wednesday in Pittsburgh — where he launched his 2020 presidential campaign.

Netanyahu short for right-wing coalition, would need Arab support

Prime Minister Benjamin Netanyahu would not be able to form a government, according to preliminary results from 97% of the regular polling stations reported by the Central Elections Committee unless he gains support from the Arab-Islamist Ra’am Party.

House GOP Allows Spending Earmarks, in Boost for Biden Plan

House Republicans voted to allow their members to request dedicated-spending projects, known as earmarks, following that same move by Democrats, in a positive sign for President Joe Biden’s hopes for a bipartisan infrastructure bill.

Winter storms caused $155 billion in economic damages

Devastating coast-to-coast winter weather is estimated to have caused around $155 billion in economic damages, making it likely that February 2021 was the costliest in terms of weather impact in recent US history, UPI reports. The estimated economic damage costs for the entire 2020 Atlantic hurricane season were a comparatively small $60 billion to $65 billion.

Israel’s red line: 1,000 precision missiles in Hezbollah’s hands

“If Hezbollah crosses a quantitative or qualitative threshold for precision weapons, we will have to act against it. This is a serious decision, but one from which we cannot run away,” said Lt. Col. Eran Niv, the head of the IDF’s Warfare Methods and Innovation Division.

In message to Hezbollah, IAF practices striking 3,000 targets in 24 hours

A Hezbollah missile hits an IAF fighter jet. In response, the entire air force is scrambled to participate in a broad offensive against Lebanon, including attacks against infrastructure such as bridges, power plants and airports spanning 24 hours. That scenario was the focus of an IDF exercise that began on Sunday morning and ended on Tuesday at noon.

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