Aug 5, 2018

U.K. trade minister warns of "no deal" Brexit

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.

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Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins

Bernie Sanders rallies in Las Vegas, Nevada on Feb. 21. Photo: Mario Tama/Getty Images

Center-left think tank Third Way urgently called on the Democratic front-runners of the 2020 presidential election to challenge Sen. Bernie Sanders on the South Carolina debate stage on Feb. 25, in a memo provided to Axios' Mike Allen on Saturday.

What they're saying: "At the Las Vegas debate ... you declined to really challenge Senator Sanders. If you repeat this strategy at the South Carolina debate this week, you could hand the nomination to Sanders, likely dooming the Democratic Party — and the nation — to Trump and sweeping down-ballot Republican victories in November."

Situational awareness

Warren Buffett. Photo: Daniel Zuchnik/WireImage

Catch up on today's biggest news:

  1. Warren Buffett releases annual letter, reassures investors about future of Berkshire Hathaway
  2. Greyhound bars immigration sweeps
  3. U.S. military officially stops offensive operations in Afghanistan
  4. America's future looks a lot like Nevada
  5. Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins

America's future looks a lot like Nevada

Illustration: Sarah Grillo/Axios

Today's Nevada caucus will foreshadow the future of American politics well beyond 2020.

Why it matters: The U.S. is in the midst of a demographic transformation, and the country's future looks a lot like Nevada's present. Today's results, in addition to shaping the 2020 race, will help tell us where politics is headed in a rapidly changing country.