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Photo: Mandel Ngan/AFP via Getty Images

Bernie Sanders will move to "assess his campaign" after Joe Biden's sweep of the Florida, Illinois and Arizona primaries, his campaign manager, Faiz Shakir, said in a statement Wednesday.

The big picture: Sanders trails Biden by almost 300 delegates, making it statistically improbable that he can catch up in the primary race, according to the New York Times.

  • Only around 40% of the delegates available in the race for the Democratic nomination remain.

What they're saying: Shakir said Sanders is currently focused on the federal government's response to the coronavirus pandemic "and ensuring that we take care of working people and the most vulnerable."

Go deeper: Sanders says he'd drop out if Biden has plurality at Democratic convention

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.