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Argentina's President-elect Alberto Fernández and Vice President-elect Cristina Fernández de Kirchner wave at party headquarters in Buenos Aires Sunday. Photo: Alejandro Pagni/AFP via Getty Images

Argentina's former leader Cristina Fernández de Kirchner was poised to return to office as vice president after conservative President Mauricio Macri conceded the election to Peronist presidential candidate Alberto Fernández Sunday night, AP reports.

Why it matters: Per Axios' Dion Rabouin, fund managers have been saying for the past year "they foresee an economic collapse and wide-ranging debt defaults" with the left-wing Kirchner back at Argentina's helm as vice president.

The big picture: Argentina is in the grip of a recession. Dion notes that during Macri's presidency, "inflation has skyrocketed, poverty has increased and the economy has been mired in recession for 3 of his 4 years in office."

By the numbers: Fernández had won 47.79% of the vote with over 90% of votes counted by early Monday, the BBC reports.

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NRA files for bankruptcy, says it will reincorporate in Texas

Wayne LaPierre of the National Rifle Association (NRA) speaks during CPAC in 2016. Photo: Saul Loeb/AFP via Getty Images

The National Rifle Association said Friday it has filed for voluntary bankruptcy as part of a restructuring plan.

Driving the news: The gun rights group said it would reincorporate in Texas, calling New York, where it is currently registered, a "toxic political environment." Last year, New York Attorney General Letitia James filed a lawsuit to dissolve the NRA, alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives.

34 mins ago - Politics & Policy

Biden: "We will manage the hell out of" vaccine distribution

Joe Biden. Photo: Chip Somodevilla / Getty Images

President-elect Joe Biden promised to invoke the Defense Production Act to increase vaccine manufacturing, as he outlined a five-point plan to administer 100 million COVID-19 vaccinations in the first months of his presidency.

Why it matters: With the Center for Disease Control and Prevention warning of a more contagious variant of the coronavirus, Biden is trying to establish how he’ll approach the pandemic differently than President Trump.

A new Washington

Photo: Stefani Reynolds/Getty Image

D.C. Mayor Muriel Bowser said Friday that the city should expect a "new normal" for security — even after President-elect Biden's inauguration.

The state of play: Inaugurations are usually a point of celebration in D.C., but over 20,000 troops are now patrolling Washington streets in an unprecedented preparation for Biden's swearing-in on Jan. 20.