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!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

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!

Photo: Jacquelyn Martin/Pool/Getty Images

Former Kentucky state Rep. Charles Booker announced Thursday he will run to challenge incumbent Sen. Rand Paul (R-Ky.) for his seat in 2022.

Why it matters: Booker became a rising star in Kentucky politics last year when he ran as a progressive in the race to challenge Sen. Mitch McConnell. He narrowly lost a primary to Democrat Amy McGrath, who was backed by establishment Democrats and was later resoundingly defeated by McConnell.

  • Democrats have not won a Senate race in Kentucky in nearly three decades.

What he's saying: "If we can encourage the people of Kentucky to believe that things can be better, and that we can achieve them, then we will,” Booker told HuffPost. “As soon as we believe we can win, we will."

  • "There is a real path to beating Rand Paul, but we won’t do without doing that work in addressing issues of racism, and poverty and inequity ― which, on the Democratic side, we haven’t done," he added, per HuffPost.

Go deeper

McConnell’s done dealing

Senate Minority Leader Mitch McConnell (R-Ky.) walks to a meeting with Senate Republicans at the U.S. Capitol. Photo: Drew Angerer via Getty Images

Less than 24 hours after Congress narrowly avoided a government shutdown, Senate Minority Leader Mitch McConnell (R-Ky.) made a point of trying to spin the narrative to his party's favor, telling President Biden via letter that Republicans will not assist again if Democrats "drift into another avoidable crisis."

Why it matters: For months, McConnell refused to budge over his insistence that Democrats suspend the debt limit through the budget reconciliation process. Crisis was averted Thursday night after McConnell struck a deal with Senate Majority Leader Chuck Schumer (D-N.Y.) to raise the debt ceiling, and nailed down enough GOP senators to pass the agreement.

Senate reaches agreement to raise debt ceiling through early December

Sen. Chuck Schumer, Oct. 6. Photo: Anna Moneymaker/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced Thursday that Senate Democrats and Republicans have reached an agreement to extend the debt ceiling through early December.

Driving the news: The agreement is to raise the limit by $480 billion, which is what Treasury Secretary Janet Yellen says is needed to get to Dec. 3, a Senate leadership aide told Axios.

Oct 8, 2021 - Politics & Policy

Senate passes temporary debt ceiling deal

Reporters speak with Senate Majority Leader Chuck Schumer before he announced a debt deal on Thursday. Photo: Stefani Reynolds/Bloomberg via Getty Images

The Senate voted 50-48 on Thursday night, passing an agreement to raise the federal debt limit by $480 billion through Dec. 3. The bill now goes to the House, where there is a clear Democratic majority.

Why it matters: The deal, struck early Thursday by Senate Majority Leader Chuck Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.), would avert the threat of the U.S. defaulting on its debt as of Oct. 18. Treasury Secretary Janet Yellen had warned that unprecedented move could trigger a recession and have global ramifications.