Axios PM

January 05, 2026
👋🏻 The news never rests! Today's newsletter, edited by Alex Fitzpatrick, is 680 words, a 2½-min. read. Thanks to Sheryl Miller for copy editing.
1 big thing: Klobuchar weighs gov run

Sen. Amy Klobuchar (D-Minn.) may run for Minnesota governor after Tim Walz suddenly ended his reelection bid today, sources tell Axios' Torey Van Oot and Hans Nichols.
- The four-term senator is one of the state's most popular Democrats, and she'd be an instant front-runner in the race to succeed Walz.
A source familiar with Klobuchar's thinking said she hasn't made a final decision.
- 🏎️ Another source indicated she is likely to jump into the race.
- 🏃♀️ Multiple Minnesota Democratic–Farmer–Labor Party operatives and insiders say they expect her to run.
👩💼 If elected, Klobuchar, 65, would be Minnesota's first woman governor.
- 🪑 A win would also create a rare midterm opening in the Senate, with the governor choosing someone to fill her seat after she resigns.
🐝 The Klobuchar buzz comes after Walz unexpectedly announced this morning that he would no longer seek an unprecedented third term.
- 📉 Sagging approval ratings and heightened scrutiny into state safety net fraud claims intensified calls for the onetime VP candidate to step aside.
- Walz defended his administration, saying in a statement that it "made systemic changes to the way we do business" in response to "an organized group of criminals [that] have sought to take advantage of our state's generosity."
🔵 Democrats have won every statewide office in Minnesota since 2006, and most forecasts rate next year's race in their favor.
- 🔴 But Walz's perceived vulnerabilities attracted many could-be GOP challengers, including House Speaker Lisa Demuth and MyPillow CEO Mike Lindell.
2. 🇻🇪 War or not? Here's why it matters

Trump officials are framing this weekend's shock operation in Venezuela as law enforcement rather than warfare, Axios' Avery Lotz reports.
- 📺 Secretary of State Marco Rubio on NBC's "Meet the Press" yesterday: "We are at war against drug trafficking organizations, not a war against Venezuela."
- 💣 That means President Trump didn't need congressional approval to strike a Venezuelan military base and capture leader Nicolás Maduro, the administration argues.
📰 The White House directed Axios to Rubio's recent interview with The Washington Post, where he said he promised lawmakers to get congressional approval before conducting "military strikes for military purposes."
- "This was not that. This was a law enforcement operation."
Brian Finucane of the nonprofit International Crisis Group told us: "There may have been some DEA agents tagging along for the ride. But that doesn't change the fundamental fact that it's a use of force under international law."
🔮 What's next: Lawmakers will be briefed this evening.
3. ⚡️ Catch me up

- 🇻🇪 Captured Venezuelan leader Nicolás Maduro pleaded not guilty to charges of "narco-terrorism conspiracy" and other alleged crimes on his first day in U.S. federal court. Go deeper.
- 💉 The Trump administration dramatically overhauled the federal childhood vaccination schedule, cutting the number of recommended shots to 11 to align with "consensus among peer nations." Go deeper.
- 🪖 Defense Secretary Pete Hegseth is targeting Sen. Mark Kelly's (D-Ariz.) retirement pay over a video in which Kelly urged military service members to disobey unlawful orders. Hegseth, posting on X: "In response to Senator Mark Kelly's seditious statements ... the Department of War is taking administrative action." Go deeper.
- 🇬🇱 Denmark Prime Minister Mette Frederiksen says President Trump is serious about taking over Greenland, telling Danish public media: "I have made it very clear where the Kingdom of Denmark stands, and Greenland has repeatedly said that it does not want to be part of the United States." Go deeper.
- 🏛️ A new spending package marks the first big move by Congress to avoid another government shutdown, which could start Jan. 30. Go deeper.
4. 🏀 1 hoop thing: New college polls

Arizona sits atop today's new AP men's college basketball rankings, while the UConn Huskies lead the women's pack.
- The Michigan men have plenty to celebrate, despite being No. 2: They're the first team in AP poll history to rack up three straight 30-point wins against ranked opponents, per ESPN's Jeff Borzello.
- The UConn women, meanwhile, "are off to their best start since 2017-18, when they started 36-0 before losing in the Final Four." (ESPN)
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