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More than a dozen Republicans ditched a vote on the $2 trillion COVID relief bill to attend CPAC
CPAC proved such a draw, conservative Republicans chose the conference over their constituents.
Why it matters: More than a dozen House Republicans voted by proxy on the $1.9 trillion COVID-19 relief bill in Washington so they could speak at the Conservative Political Action Conference, known as CPAC. And Sen. Ted Cruz skipped an Air Force One flight as President Biden flew to Cruz's hometown of Houston to survey storm damage.
Commodities hit 8-year high as market divergence continues
Tech stocks suffered some big losses on Monday, as the specter of higher U.S. borrowing costs continued to weigh on their share prices, while bullish vaccine expectations helped make the Dow the only major U.S. index to end in the green.
What happened: The benchmark 10-year Treasury yield rose to 1.37%, a fresh one-year high, showing investors remain bullish on the economy and a recovery in inflation.
Trump floats delaying November election
President Trump suggested delaying November's election in a Thursday tweet, again claiming without evidence that mail-in voting will lead to widespread voter fraud.
The state of play: While this is the first time that Trump has actively floated changing Election Day, he does not have the power to do so. That lies exclusively with Congress, per a Washington Post breakdown of the issue.
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