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Illustration: Aïda Amer/Axios

The cordial exchanges between President Trump and House Speaker Pelosi — from just weeks ago — appear to be over, as the two have moved to strip away privileges traditionally honored across party lines.

Driving the news: On Wednesday, Pelosi sent Trump a letter asking him to delay his State of the Union address until the government shutdown is resolved, citing security concerns. Today, Trump used the same reasoning to inform Pelosi that he will postpone her planned 7-day overseas trip to Brussels, Egypt and Afghanistan.

"Due to the shutdown, I am sorry to inform you that your trip to Brussels, Egypt and Afghanistan has been postponed. We will reschedule this seven-day excursion when the Shutdown is over. ... Obviously, if you would like to make your journey by flying commercial, that would certainly be your prerogative."

Between the lines: As CBS' Steven Portnoy notes, aides had asked news organizations not to publicly report the details of Pelosi's trip due to national security concerns. She was scheduled to depart at 3 p.m., just 30 minutes after the letter was released, Fox News' John Roberts reports.

What they're saying:

  • Pelosi deputy chief of staff Drew Hammill: "The CODEL [congressional delegation] to Afghanistan included a required stop in Brussels for pilot rest. In Brussels, the delegation was scheduled to meet with top NATO commanders, U.S. military leaders and key allies—to affirm the United States’ ironclad commitment to the NATO alliance. This weekend visit to Afghanistan did not include a stop in Egypt. The purpose of the trip was to express appreciation and thanks to our men and women in uniform for their service and dedication, and to obtain critical national security & intelligence briefings from those on the front lines. The President traveled to Iraq during the Trump Shutdown as did a Republican CODEL led by Rep. Zeldin."
  • Sen. Lindsey Graham: "One sophomoric response does not deserve another. Speaker Pelosi’s threat to cancel the State of the Union is very irresponsible and blatantly political. President Trump denying Speaker Pelosi military travel to visit our troops in Afghanistan, our allies in Egypt and NATO is also inappropriate."
  • Rep. Adam Schiff: "The president’s decision to disclose a trip that the speaker was traveling to a war zone is completely and utterly irresponsible. ... All too often in the last two years, the president has acted like he’s in fifth grade."

The bottom line: With 800,000 workers missing paychecks and government services on life support, the shutdown looks far more like a political campaign than a negotiation.

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.