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Chuck Schumer is now majority leader as 3 new Democratic senators are sworn in

Sen. Chuck Schumer (D-N.Y.) is officially Senate majority leader after the inauguration of Vice President Kamala Harris and the swearing-in of new Sens. Alex Padilla (D-Calif.), Jon Ossoff (D-Ga.) and Raphael Warnock (D-Ga.).

Why it matters: With a 50-50 Senate, Schumer will control a narrow majority with Harris as the tie-breaking vote. Democratic control of the Senate is crucial to President Biden's agenda, from getting his coronavirus relief proposal passed to forgiving student debt.


The big picture: After more than 20 years in the Senate, Schumer will be taking the position from Sen. Mitch McConnell (R-Ky.), who became majority leader in 2015.

  • McConnell and Schumer met on Tuesday to discuss a power-sharing agreement for the new Senate and to sort out when to hold President Trump's second impeachment trial.

Context: The last time the Senate was divided 50-50 was in 2001, under former President George W. Bush. The Senate agreed on a power-sharing plan that gave Republicans "a narrow advantage on setting the agenda on contentious issues," Roll Call writes.

  • Yes, but: The parties have become more divided since then and negotiations on how the power-sharing will work are likely to drag along, meaning Biden will not have any confirmed Cabinet members on his first day in office.

Go deeper: Schumer's m(aj)ority checklist

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Racial justice leaders are skeptical of Biden's police panel

Several racial justice leaders remain skeptical of a police oversight panel being formed by the Biden transition team, and one leading Black Lives Matter activist turned down an offer to be part of it.

Why it matters: There was already an urgency for Biden to address police brutality following George Floyd's death, but there's little patience among some racial justice leaders who disagree with the way Biden still talks about policing.

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Lord & Taylor, America's oldest department store, files for bankruptcy

Lord & Taylor filed for Chapter 11 protection in Richmond, Virginia, on Sunday, Bloomberg first reported.

Why it matters: The 194-year-old luxury department store chain is the oldest in the United States. It's the latest retailer to declare bankruptcy during the coronavirus pandemic.

Go deeper: The impending retail apocalypse

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