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USGS

A major earthquake with a magnitude of 8.1 hit Mexico Thursday night, according to the US Geological Service.

  • It's the biggest earthquake to hit the country in a century, said Mexican President Enrique Peña Nieto, who said the quake was magnitude 8.2. It was centered off the Pacific coast, near Chiapas. "He said that there have been 62 aftershocks and it's possible one as strong as 7.2 could hit," per the AP.
  • At least 32 people have died, and 1 million people were reportedly without power after the earthquake, per AP.
  • Several buildings suffered severe damage in parts of southern Mexico. Juchitan in Oaxaca state said sections of its town hall, a hotel, a bar and other buildings have been reduced to rubble, per Reuters.

Despite concerns of subsequent tsunami waves, the biggest were less than four feet, per the NYT.

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

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.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

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.