Good morning. Welcome to Axios today. It's Wednesday March 31st. I'm Nailibutu. Here's how we're making you smarter today.

One in four Asian Americans say they've experienced a hate incident. Plus, why Russia is backing Myanmar's military junta.

But first, President Biden's big bet on infrastructure is today's one big thing.

President Biden is in Pittsburgh today to announce details of a massive new two trillion dollar jobs and infrastructure package. And it's just the first phase.

Axios's White House reporter Hans Nichols is here to answer, will this be President Biden's new deal? Hey, Hans, I was reading through this. So this isn't just roads and bridges, but clean water infrastructure, digital infrastructure, pushing forward green jobs. What else should we know about what's in this?

Oh, there's so much in here. They do slide in some what they call human infrastructure. And this is the so-called caregiving economy. And there's about 400 billion in there for that. So access for affordable homes or community-based care for aging relatives. So this isn't all traditional sort of bridges, roads, ports. There's some stuff in here that will be appealing to progressives as well.

How do they want to pay for this? They're going to do tax hikes. They're going to go after corporations. This has always been part of Biden's plan. Raise money from corporations. The most generous way you can sort of score. And that's just a fancy way to say estimate how much this is going to cost or how much they'll raise is about 1.5 trillion dollars over 10 years.

What the White House has done is they said, actually, let's just pretend those taxes go on for 15 years. And so in 15 years, we get to the magical number of 2 trillion in Presto. It matches what we want to spend on infrastructure over 8 years.

I suspect there'll be some criticism on that, right? Because most budgets are over 10 years, not 15. So they're just teasing it out. It's like saying you got a 30-year mortgage. The payments don't seem that big when it's over 30 years.

Do you think comparing this to the New Deal is fair as we're talking about like this years-long project?

Yes, totally fair, if he passes it, he gets it through Congress. My conversations with White House officials all week, really for the last two months, have been about how this is going to be an opening bid and an negotiation with Congress.

So yes, there are a lot of details in here. They've put out a 21-page plan. There'll be a lot of specifics. But in reality, this is just signaling on where they want to go. This is the opening offer of what they want and the opening offer on how they're going to pay for it. And everything after that turns into one big haggling session.

Hansen Nichols is ex-husors White House reporter. Thanks, Hans. Thanks for having me.

In 15 seconds, Russia's support of cool leaders in Myanmar.

Relax. Concentrate on your breathing, hanging in the cold air because your boilers broken, but no need to worry.

With British gas, home care cover, you can get your boiler repaired again and again. Repeat our mantra, home care.

Welcome back to Axios today. Security forces in Myanmar have killed at least 114 people including young children on Saturday during protests.

It was the deadliest day yet since a military coup took control of the country on February 1st.

While the majority of the world's democracies have condemned these killings and the US has responded with trade sanctions, Russian President Vladimir Putin has done the opposite.

Axios' world editor Dave Lawler is here. Dave, can you tell us how Russia has responded to this military coup situation in Myanmar?

So when the killings happened on Saturday, Russia's deputy defense minister was actually in Myanmar. There was a military parade there. He received a medal.

He met with the leader of the ruling junta there. And so the message was very much that Russia stands by you.

...