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Photo: Chris Delmas/AFP via Getty Images

It's the new "depends on what the meaning of the word 'is' is" — President Bill Clinton's instant-classic evasion in grand jury testimony in 1998.

What's happening: President Trump's comment about the virus to Jonathan Swan on "Axios on HBO" — "It is what it is" — became an online sensation.

Now, it’s being invoked repeatedly by prime-time speakers at the Democratic National Convention:

  • Michelle Obama: "Donald Trump is the wrong president for our country. He has had more than enough time to prove that he can do the job, but he is clearly in over his head. He cannot meet this moment. He simply cannot be who we need him to be for us. It is what it is."
  • Bill Clinton: "When asked about the surge in deaths, he shrugged and said, 'It is what it is.' But did it have to be this way?"
  • Senate Democratic Leader Chuck Schumer: "Donald Trump says, 'It is what it is.' Presidents should never say, 'It is what it is.' President Lincoln, honoring the great sacrifice at Gettysburg, didn’t say, 'It is what it is.' President Roosevelt — seeing a third of the nation ill-housed, ill-clad and ill-nourished — didn’t say, 'It is what it is.'"

Go deeper: Follow Axios' full conventions coverage

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Go deeper

Incoming chief of staff: “Trump’s Twitter feed doesn’t make Joe Biden president or not president”

Ron Klain, Biden's incoming chief of staff, told Chuck Todd on "Meet the Press" Sunday that "Donald Trump's Twitter feed doesn't make Joe Biden president or not president."

Driving the news: President Trump on Sunday briefly appeared to acknowledge Biden as the winner of the 2020 election for the first time, albeit in a tweet littered with false accusations that the election was rigged. Trump later walked back his tweet and said he was not conceding the race.

Supreme Court agrees to hear challenge to affirmative action at Harvard, UNC

Photo: Al Drago/Getty Images

The Supreme Court on Monday agreed to hear a pair of cases challenging the consideration of race in the college admissions processes.

Why it matters: The conservative high court's ruling could determine the future of affirmative action in higher education.

Europe's energy reliance on Russia is a crucial shield for Putin

Photo: Pavel Bednyakov/Sputnik/AFP via Getty Images

Cracks in the NATO alliance regarding sanctions for Russia should President Vladimir Putin order troops into Ukraine are in large part based on energy supply concerns.

Why it matters: Russia holds tremendous leverage over some European countries because it provides roughly 40% of Europe's natural gas supply. In Germany, this figure is greater than 50%.