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People wait in line for water in Cape Town. Photo: Kyodo News via Getty Images

Officials in Cape Town on Tuesday moved the date when taps are expected to run dry in the drought-stricken city to July 9 from June 4, after residents cut back on their water usage.

  • The backdrop: "Day Zero" for South Africa's second most populous city was initially slated for April 22 and has gradually been pushed back. The city has experienced three consecutive years of drought, and rains needed to refill dams have not come. The hope is that by July, South Africa's winter, rains will return and push Day Zero off indefinitely.
  • Until then: The Daily Maverick reports that water usage restrictions are still in place and many retail outlets are limiting how much bottled water customers can buy — "rest assured that the city will be quick to shame said residents should they use too much water yet again."

Go deeper

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.