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National security adviser John Bolton. Photo: Peter Nicholls/Reuters

The Trump administration supports a no-deal Brexit and Britain is "first in line" for a trade deal with the U.S., National Security Adviser John Bolton told reporters after meeting with U.K. Prime Minister Boris Johnson, the BBC reports.

"To be clear, in the Trump administration, Britain's constantly at the front of the trade queue, or line as we say. We want to move very quickly. We wish we could have moved further along in this with the prior government."

The state of play: Brexit talks with the European Union have reached an impasse. Johnson wants to renegotiate the terms ahead of Britain's scheduled exit from the EU on Oct. 31. The EU refuses to meet Johnson's demands.

  • The U.K. would leave the EU without a formal transition period or legal agreement on issues including border policy and trade if no deal is reached.
  • Bolton told reporters if the British government opts for a no-deal Brexit, "we would support it enthusiastically," according to Reuters.

The big picture: Bolton said the U.K. and U.S. could sign a series of sector-by-sector free-trade deals ahead of a comprehensive trade agreement as a way of helping the British government cope with the consequences of a no-deal Brexit, according to the Guardian.

"The ultimate end result is a comprehensive trade agreement covering all trading goods and services. But to get to that you could do it sector by sector, and you can do it in a modular fashion. In other words, you can carve out some areas where it might be possible to reach a bilateral agreement very quickly, very straightforwardly."

Go deeper: Everything you need to know about Brexit

Go deeper

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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 1 p.m. the day after the article is transmitted.

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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.

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The burst of Biden administration staffing picks announced yesterday revealed that the Energy Department (DOE) has newly created roles that reflect what President Biden called campaign priorities.

Driving the news: One new position is "director of energy jobs," which is being filled by Jennifer Jean Kropke. She was previously the first director of workforce and environmental engagement with Local 11 of the International Brotherhood of Electrical Workers.

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