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House panel approves bill to grant D.C. statehood

The House Oversight Committee on Wednesday advanced legislation that would make Washington, D.C. the 51st state, setting the stage for a vote by the full chamber for the second year in a row.

Why it matters: Statehood for the District is a priority for Democrats that will likely clear the House largely along party lines like it did last year, but it faces a much tougher path in the divided Senate, where it would need 60 votes.

How it works: The bill would grant D.C. one representative in the House and two senators.

What they're saying: "The United States is the only democratic country that denies both voting rights in the national legislature and local self-government to the people of its capital. That is wrong," House Oversight Committee Chair Carolyn Maloney said in her opening statement at Wednesday's vote.

  • D.C.'s nonvoting House member Delegate Eleanor Holmes Norton told the Committee: "Congress can no longer exclude D.C. residents from the democratic process, forcing residents to watch from the sidelines as Congress votes on laws that affect the nation or votes even on the laws of the duly elected D.C. government."

What's next: The full House is expected to vote on the measure next week.

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Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

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