Name: Scoop: Wall Street titan joins John Kerry's climate team
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Scoop: Wall Street titan joins John Kerry's climate team

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Mark Gallogly (second from left). Photo: Alex Wong/Getty ImagesMark Gallogly, a Wall Street veteran and big-dollar Democratic donor, is joining John Kerry’s international climate team, people familiar with the matter tell Axios. Why it matters: Hiring someone with Gallogly’s experience is an indication Kerry plans to leverage markets and investing strategies to address climate change. Gallogly is the highest-profile New York investor to sign on to the Biden administration.The big picture: "We need to be working hand in hand with the private and public sector to provide the finance, which will be critical — finance in the trillions — in order so that countries can do what they have to do," Kerry, special envoy for climate change, told the Munich Security Conference.Gallogly co-founded Centerbridge Partners, a private equity firm, after spending 16 years at Blackstone, a private equity firm.Go deeper: A , Gallogly initially supported Beto O’Rourke for president but signed on to the Biden campaign last summer.The House voted 220-210Wednesday to pass Democrats' .Why it matters: Expanding voting access has been a top priority for Democrats for years, but the House passage of the For the People Act (H.R. 1) comes as states to rollback voting access in the aftermath of former President Trump's loss. The House voted 220 to 212 on Wednesday evening to pass a named for George Floyd, the Black man whose death in Minneapolis last year led to nationwide protests against police brutality and racial injustice.Why it matters: The legislation overhauls qualified immunity for police officers, bans chokeholds at the federal level, prohibits no-knock warrants in federal drug cases and outlaws racial profiling.Republicans are demanding a full, 600-page bill reading — and painful, multi-hour "vote-a-rama" — as Democrats forge ahead with their plan to pass President Biden's $1.9 trillion COVID-19 relief package.Why it matters: The procedural war is aimed at forcing Democrats to defend several parts the GOP considers unnecessary and partisan. While the process won't substantially impact the final version of the mammoth bill, it'll provide plenty of ammunition for future campaign messaging.

Mark Gallogly (second from left). Photo: Alex Wong/Getty ImagesMark Gallogly, a Wall Street veteran and big-dollar Democratic donor, is joining John Kerry’s international climate team, people familiar with the matter tell Axios. Why it matters: Hiring someone with Gallogly’s experience is an indication Kerry plans to leverage markets and investing strategies to address climate change. Gallogly is the highest-profile New York investor to sign on to the Biden administration.The big picture: "We need to be working hand in hand with the private and public sector to provide the finance, which...

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Hans Nichols

Energy reporter w/@Axios. Former stops incl. National Journal, The Hill, E&E, Boston Phoenix (RIP). I tweet about running too. Tips/feedback: ben@axios.com

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Scoop: Wall Street titan joins John Kerry's climate team

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