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Britain's International Trade Secretary Liam Fox. Photo: Alberto Pezzali/NurPhoto via Getty Images

Liam Fox, the U.K.'s international trade secretary, warned in an interview Sunday that there was a 60% chance that the U.K. would fail to reach an agreement with the European Union before it departs from the bloc in March, reports the AP.

Why it matters: It puts Prime Minister Theresa May in an unenviable position, as she's torn between a Europe unwilling to compromise on the U.K.'s position in its single market and her Conservative Party, which is increasingly pushing for a "hard," more complete version of Brexit from its right flank. Whatever compromise she ultimately reaches — or doesn't — could mean fresh elections or even a second referendum.

Go deeper

U.S. attorney finalist trashes Labor secretary

Rachael Rollins and Marty Walsh. Photos: Jessica Rinaldi/The Boston Globe via Getty Images (Rollins); Tom Williams/CQ-Roll Call Inc. via Getty Images (Walsh)

A finalist for U.S. attorney in Boston is publicly trashing the city's former mayor — Labor Secretary Marty Walsh.

Why it matters: Rachael Rollins’ approach is perpetuating scrutiny of a troubled Cabinet secretary and fellow Democrat — and hints at the independence she may exhibit if tapped for top federal prosecutor for the eastern half of Massachusetts.

Parties pounce on China as midterm issue

Illustration: Annelise Capossela/Axios

Democrats and Republicans in purple states are already leaning into U.S. competition with China as a key issue in the fight to control the Senate in 2022.

Why it matters: American voters hold increasingly negative feelings toward the Chinese government, particularly around bilateral economic relations and following the nation’s handling of the COVID-19 outbreak.

52 mins ago - Economy & Business

Scoop: Pandemic's "wake-up call" for restoring industry

Brian Deese. Photo: Alex Wong/Getty Images

National Economic Council director Brian Deese will label the coronavirus pandemic a "wake-up call" to bring manufacturing jobs back to America in a speech Wednesday unveiling the Biden administration’s industrial policy, Axios has learned.

Why it matters: President Biden’s campaign was predicated on providing well-paying jobs for millions of Americans who've seen the country’s industrial heartland hollowed out by automation and competition for lower-cost labor from other countries.