Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Aïda Amer/Axios

Democrats are increasingly taking far-left positions most would not have dreamed of — or dared — taking three short years ago.

Why it matters: A convergence of incentives — fundraising, cable coverage, liberal activism and social media — are inspiring Democrats to offer full-throated support of big government liberalism. The result would make Hillary Clinton and former President Obama sound like conservative Democrats in this field.

Leading 2020 Democrats now support:

  • Medicare for All: This message hits home with Americans who are experiencing higher deductibles and more expensive prescriptions, at the same time that every sector of the health care industry — insurers, drug companies, hospitals, doctors — have seen large profits, Axios' Caitlin Owens reports. And Biden has been criticized for supporting the Affordable Care Act +,  a mainstream position for Dems until very recently.
  • Trillion-dollar-plus climate plans: Sen. Bernie Sanders just introduced a Green New Deal costing $16 trillion over 15 years. Axios' Amy Harder says that supercharged activists — in part because the problem is getting more dire, and solutions like wind and solar energy are getting cheaper — are successfully pushing Democratic candidates to adopt ever-more-aggressive goals in the face of inaction at federal and global levels.
  • Lowering drug prices: The 2020 Dems' plans are much more aggressive than what the party has supported in the past.
  • Decriminalizing illegal border crossings: During the Democratic debate on June 27, all 10 candidates candidates raised their hands when asked if their health plan would cover undocumented immigrants. "[A] growing number of Democrats [including Elizabeth Warren] favor eliminating the laws that criminalize illegal entry — even as a misdemeanor," the N.Y. Times reports.
  • Erasing student debt: "In just over a decade, Democratic Party leaders have gone from advocating modest increases in Pell grants to pushing for large-scale debt cancellation," The Atlantic writes.

Between the lines: There's no true moderate at the top of the 2020 pack. Biden is being called the moderate. But on ABC's "Good Morning America" in April, he defended his earlier statement that he has "one of the most progressive records of anyone running":

  • "I was always labeled as one of the most liberal members of the United States Congress."

Go deeper: Where 2020 Dems stand on 15 key issues

Go deeper

Top economic regulators stressed by vacancies

Illustration: Annelise Capossela/Axios

The boom times are all around us (from corporate deal sprees to the breakneck rise of cryptocurrency) — and the agencies in charge are stretched thin trying to police it.

Why it matters: Overwhelmed staff and a slew of vacant posts could set back President Biden's big regulatory agenda.

GOP Sen. Chuck Grassley announces run for re-election

Photo: Greg Nash/The Hill/Bloomberg via Getty Images

Sen. Chuck Grassley (R-Iowa), the longest-serving Senate Republican, announced on Friday that he's running for re-election in 2022.

Why it matters: The GOP is looking to regain control of both chambers of Congress in the upcoming midterm elections. Several Republicans had urged the 88-year-old senator to run to avoid another retirement after five incumbent senators said they wouldn't seek re-election.

China deems all cryptocurrency transactions illegal

A person walking past China's central bank in Beijing in August 2007. Photo: Teh Eng Koon/AFP via Getty Images

China's central bank declared on Friday that all cryptocurrencies are illegal, banning crypto-related transactions and cryptocurrency mining, according to Reuters.

Why it matters: China's government is now following through with its goal of cracking down on unofficial virtual currencies, which it has said are a financial, social and national security risk and a contributor to global warming.