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Netanyahu is out if new government survives confidence vote on Sunday

The incoming Israeli government will be sworn in on Sunday if it survives a confidence vote, outgoing parliamentary speaker Yariv Levin said in a statement on Tuesday.

Why it matters: Prime Minister Benjamin Netanyahu and his allies, including Levin, are trying to thwart the formation of the new government, which would see right-winger Naftali Bennett replace Netanyahu as prime minister in an alliance with Yair Lapid, the centrist opposition leader.

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Biden proposed tax increases on the rich to pay for more than $1 trillion in new spending

President Biden will present his third $1 trillion spending package to Congress since taking office, asking for $1.8 trillion in new spending to expand the American education system, provide more help for childcare and create millions more jobs.

The big picture: Biden is also proposing a series of tax hikes on the rich, which his administration vows will not hit Americans who make less than $400,000 and households with less than $1 million in capital gains.

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Collins, Romney to vote "no" on Biden budget nominee Neera Tanden

Sens. Susan Collins (R-Maine) and Mitt Romney (R-Utah) announced Monday they will not vote to confirm President Biden's nominee to lead the Office of Management and Budget, Neera Tanden.

Why it matters: The moderate Republicans were viewed as possible saviors to Tanden's nomination, after Sen. Joe Manchin (D-W.Va.) became the first Democratic senator to oppose one of Biden's nominees last week. Sen. Lisa Murkowski (R-Alaska) has not yet announced how she intends to vote.

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Supreme Court sides with Trump administration on abortion pill rule

The Supreme Court granted a Trump administration appeal on Tuesday and reinstated a federal requirement obligating women seeking an abortion pill to obtain the drug from a hospital or medical center in person.

Why it matters: It's the court's first ruling on abortion since the arrival of the conservative Trump-appointed Justice Amy Coney Barrett. The justices voted 6-3 in favor of the ruling, with the court's liberals dissenting.

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