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Texas Gov. Greg Abbott tests positive for COVID-19

Texas Gov. Greg Abbott (R) has tested positive for COVID-19, his office announced Tuesday. Abbott is "experiencing no symptoms" and is fully vaccinated.

Why it matters: Abbott has fought vehemently against public health measures such as mask and vaccine mandates.

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Senate Democrats release $3.5 trillion budget resolution

Senate Majority Leader Chuck Schumer on Monday released the full text of Democrats' $3.5 trillion budget resolution, which the Senate is expected to pass without any Republican votes as early as this week.

Why it matters: Passing the resolution is the first significant step to enacting Democrats' plans to overhaul the country's climate, child care, and health care laws.

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The 81 countries exploring central bank digital currencies

Reproduced from Atlantic Council; Map: Axios visuals

Central bankdigital currency (CBDC) is probably not top of mind for most global consumers. But we may soon have no choice but to think about it — since 81 countries, representing over 90% of global GDP, are now exploring the development of one.

Why it matters: The U.S. lags much of the world. It could miss out on the opportunity to take a leadership role in an increasingly likely global transition to some form of digital currencies.

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