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U.S. Secretary of Defense James Mattis, left, speaks during a press briefing at the Pentagon August 28, 2018. Photo: Zach Gibson/Getty Images

Defense Secretary James Mattis suggested Tuesday at a wide-ranging press conference that the U.S. could resume military exercises with South Korea going forward, after President Trump announced a suspension of large scale exercises following his summit with Kim Jong-un.

Why it matters: Trump called the exercises "provocative" in June and said they would be halted "unless and until we see the future negotiation is not going along like it should," but there are now signs the administration is getting frustrated by the lack of progress. Last Friday, Trump directed Secretary of State Mike Pompeo to cancel his upcoming trip to North Korea, saying the country was not "making sufficient progress with respect to denuclearization."

The details: Lt. Col. Christopher Logan, a Pentagon spokesman, said Mattis was referring to the fact that the U.S. had only agreed to suspend three major exercises which were due to conclude by September. Beyond that, there is no commitment to further suspensions.

"We took the step to suspend several of the largest exercises as a good faith measure coming out of the Singapore summit. We have no plans at this time to suspend any more exercises. We will work very closely, as I said, with the Secretary of State and what he needs done, we will certainly do to reinforce his effort. But at this time there is no discussion about further suspensions."
— Secretary Mattis

Correction: This article has been updated to reflect the fact that no decision has been made on large-scale exercises. Our original headline was based on a Pentagon press release that a spokesman said is being corrected.

Go deeper

New York region's historic floods send deadly climate change lesson

A motorist drives a car through a flooded expressway in Brooklyn, NY early on Sept. 2, 2021. (Ed Jones/AFP via Getty Images)

The remnants of Hurricane Ida brought a tropical deluge of unprecedented proportions to the New York City metro area on Wednesday night into Thursday.

Driving the news: The flooding that resulted from the heavy rainfall shut down Newark Airport, and turned city and country roads in all five boroughs and surrounding areas of New Jersey and Pennsylvania into rivers.

Updated 30 mins ago - Politics & Policy

Texas banned abortion after 6 weeks. Here’s what happens next

Photo: Saul Loeb/AFP via Getty Images

The most restrictive abortion ban in the U.S. went into effect in Texas on Wednesday, effectively making the procedure illegal after six weeks — well before many women know they are pregnant.

Details: The Texas law does not provide any exceptions for rape or incest. It also allows for people to sue anyone suspected of helping a person to obtain an abortion, regardless of whether they have a direct relationship with the person or not. Those who are successful can be awarded at least $10,000.

Latest meme stock, Support.com, shows shorting is still riskier than ever

Illustration: Aïda Amer/Axios

The stock market's relentless upward momentum this year has lined the pockets of all kinds of investors, from veteran market players to Robinhood first-timers. It's also made shorting stocks a lot more risky than it already was.

Why it matters: The meme stock phenomenon changed the game. After an initial upheaval that wiped out GameStop and AMC shorts in spectacular fashion, shorting stocks based on fundamentals has become a move that can turn lethal on a dime.