Good afternoon. Today's PM is 368 words, a ~1.5 minute read.
1 big thing: What ambassadors say about Trump
The latest leak-gate has ended with an exit for U.K. ambassador to the U.S. Kim Darroch, who resigned today in the face of public attacks from President Trump.
- "The current situation is making it impossible for me to carry out my role as I would like," Darroch wrote in his resignation letter.
Why it matters: "Until Mr. Darroch’s confidential cables appeared in the Daily Mail last weekend, none of the major ambassadors in Washington had been denounced by President Trump as 'wacky' and a 'very stupid guy,'" the N.Y. Times' David Sanger notes.
- "But as one ambassador, who is still serving and therefore spoke on the condition of anonymity, said on Wednesday, 'it could have been any of us.'"
The big picture: Darroch's less than glowing leaked messages match what other ambassadors are sending home about the Trump administration, Sanger reports.
- Former French ambassador Gérard Araud: "I knew that nothing would remain secret, so I sent them in a most confidential manner.”
- More from Araud: "It’s what happens when a populist leader takes command in a liberal democracy. These people don’t recognize or accept the idea that an ambassador or a bureaucrat could be of any use. They only want to deal with other leaders.”
The bottom line: "There will be a new British ambassador ... But under current conditions it is unclear whether that diplomat’s access will be much better."
- Or as Axios' Dave Lawler emails: It’s not easy to be an ally in Trump’s Washington.
Bonus: Quote du jour
Context: Pelosi was warning fellow Democrats to be nice to their own side on Twitter.
2. What you missed
- Fed chair Jerome Powell sent a strong signal for a rate cut this month. Go deeper.
- The 4th Circuit Court of Appeals ruled in favor of Trump on emoluments. Go deeper.
- Immigrants are seizing opportunities in the midwest and south where mid-sized cities are struggling to maintain a younger, working-age population. Chart.
- 🎧Investigative reporter Vicky Ward, who wrote the first magazine profile of Jeffrey Epstein back in 2003, joins Axios' Dan Primack on the Pro Rata podcast. Listen here.
- House Oversight chair Elijah Cummings wants Alexander Acosta to testify regarding his role in registered sex offender Jeffrey Epstein's 2008 plea deal.
1 fun thing: We're #1
Above: USA women's soccer player Megan Rapinoe kisses the trophy in front of the City Hall after the ticker tape parade. (Highlights from her speech.)
Below: More members from the team celebrate their status as back-to-back world champs.