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Britain's Prime Minister Boris Johnson. Photo: Lorne Campbell/WPA Pool/Getty Images

Boris Johnson, the United Kingdom's newly installed prime minister, has set up a "war cabinet" to deliver Britain's exit from the European Union "by any means necessary" by Oct. 31, the Sunday Times first reported.

The big picture: The EU says it won't renegotiate the Brexit withdrawal treaty agreed to by former Prime Minister Theresa May, per AP. Michael Gove, tasked by Johnson to "turbo-charge" no-deal Brexit plans, wrote in the Sunday Times that the U.K. government is now "working on the assumption" of a no-deal Brexit.

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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.