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President Trump crosses paths with Russian President Vladimir Putin at the G20 summit in Argentina. Photo: Mikhail Svetlov/Getty Images

Secretary of State Mike Pompeo told CNN's Wolf Blitzer that it was "ludicrous" to suggest President Trump canceled his G20 meeting with Vladimir Putin because of news that Michael Cohen was pleading guilty in the Mueller investigation, claiming Russian aggression against Ukraine was the sole reason for the decision.

Why it matters: Trump's decision to cancel the meeting, announced via tweet, came just hours after his former personal attorney pleaded guilty to lying to Congress about his work on plans to build a Trump Tower in Moscow — a plea that directly brought Trump and his business entanglements in Russia into the special counsel's investigation. Pompeo maintains that the meeting was canceled "because the Russians behaved in a way that is deeply inconsistent with international law."

Go deeper

Updated 19 mins ago - Technology

Mayors see cryptocurrency as a way to address income inequality

Illustration: Sarah Grillo/Axios

At the U.S. Conference of Mayors' meeting in D.C. this week, there's buzz around the idea of giving cryptocurrency accounts to low-income people.

Why it matters: Cities have been experimenting with newfangled ways to address income inequality — like guaranteed income programs — and the latest wave of trials could involve paying benefits or dividends in bitcoin, stablecoin or other digital currencies.

Updated 21 mins ago - Politics & Policy

Omicron dashboard

Illustration: Aïda Amer/Axios

  1. Health: FDA OKs antiviral drug remdesivir for non-hospitalized COVID patients — Walensky: CDC language "pivoting" on "fully vaccinated" — Fauci: "Confident" Omicron cases will peak in February
  2. Vaccines: Team USA 100% vaccinated against COVID ahead of Beijing Olympics — Kids' COVID vaccination rates are particularly low in rural America — Annual COVID vaccine preferable to boosters, says Pfizer CEO.
  3. Politics: Arizona governor sues Biden administration over COVID funds tied to mandates — Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" on anti-mask school policies.
  4. World: Greece imposes vaccine mandate for people 60 and older — Austria approves COVID vaccine mandate for adults — Beijing officials urge COVID-19 "emergency mode" before Winter Olympics.
  5. Variant tracker
Updated 3 hours ago - Sports

Experts predict major boom for North American sports stadiums

Rendering of the $375 million Moody Center on the UT-Austin campus. Photo courtesy of Moody Center

Stadium and arena construction in North America will total a relatively tame $5.8 billion this year, a 12% decrease from 2021.

The big picture: What the industry lacks in construction it expects to make up for in design, with experts predicting a sports venue boom over the next half-decade, SBJ reports.