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Sanders in Las Vegas, Nevada on Feb. 19. Photo: Mario Tama/Getty Images

Sen. Bernie Sanders again defended on Wednesday's debate stage his embrace of Democratic socialism.

What he's saying: "Let's talk about Democratic socialism — not communism, Mr. Bloomberg, that's a cheap shot. Let's talk about what goes on in countries like Denmark, where Pete correctly pointed out, they have a much higher quality of life in many respects than we do."

  • He added: "We are living, in many ways, in a socialist society right now," Sanders said. "Problem is, as Dr. Martin Luther King reminded us, we have socialism for the very rich, rugged individualism for the poor."

The big picture: Democratic insiders are queasy about whether a Democratic socialist at the top of their presidential ticket has a shot at being elected, Axios' Margaret Talev reported last week. Sanders is currently polling ahead of former Vice President Joe Biden and former New York Mayor Michael Bloomberg.

Go deeper: Sanders: There's a difference between "my socialism and Trump's socialism"

Go deeper

Trump bump: NYT and WaPo digital subscriptions tripled since 2016

Data: Axios reporting and public filings; Chart: Axios Visuals

The New York Times and The Washington Post have very different strategies for building the subscription news company of the future.

The big picture: Sources tell Axios that the Post is nearing 3 million digital subscribers, a 50% year-over-year growth in subscriptions and more than 3x the number of digital-only subscribers it had in 2016. The New York Times now has more than 6 million digital-only subscribers, nearly 3x its number from 2016.

Ben Geman, author of Generate
1 hour ago - Energy & Environment

Biden's emerging climate orbit

Photo illustration: Aïda Amer/Axios. Photo: Win McNamee/Getty Images

As of Tuesday morning, we know a lot more about President-elect Joe Biden climate personnel orbit, even as picks for agencies like EPA and DOE are outstanding, so here are a few early conclusions.

Why it matters: They're the highest-level names yet announced who will have a role in what Biden is promising will be a far-reaching climate and energy agenda.

Janet Yellen is back

Photo illustration: Sarah Grillo/Axios. Photo: Hannelore Foerster/Getty Images

A face familiar to Wall Street is back as a central player that this time will need to steer the country out of a deep economic crisis.

Driving the news: President-elect Joe Biden is preparing to nominate former Fed chair Janet Yellen to be Treasury secretary.