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Remington again delays bankruptcy filing

Dan Primack, author of Pro Rata

Photo by Scott Olson/Getty Images

Firearms manufacturer Remington has delayed its planned Chapter 11 bankruptcy filing for a second time, now extending the deadline from tomorrow to Sunday.

  • Details: The original postponement came earlier in the month, when Remington also said that Ankura Trust had replaced BofA Merrill Lynch as the restructuring's term loan agent. It is unclear if the agent change related to BofA's pledge to reexamine its gun-maker relationships, in the wake of Parkland. No changes accompanied the new delay announcement.
  • Go deeper: What happened to Remington?

Go deeper

Lachlan Markay
7 hours ago - Politics & Policy

Biden gets mixed grades on revolving door

Illustration: Sarah Grillo/Axios

President Biden is getting mixed marks for his reliance on industry insiders to staff his administration during its first 100 days.

Why it matters: Progressives have leaned on the new president to limit the revolving door between industry and government. A new report from the Revolving Door Project praises him on that front but highlights key hires it deems ethically questionable.

Go deeper (1 min. read)Arrow
Bethany Allen-Ebrahimian, author of China
7 hours ago - Politics & Policy

Exclusive: Sen. Coons sees new era of bipartisanship on China

Sen. Chris Coons. Photo: Kent Nishimura / Los Angeles Times via Getty Images

The Jan. 6 insurrection was a "shock to the system," propelling members of Congress toward the goal of shoring up America's ability to compete with China, Sen. Chris Coons (D-Del.) told Axios during an interview Thursday.

Why it matters: Competition between China's authoritarian model and the West's liberal democratic one is likely to define the 21st century. A bipartisan response would help the U.S. present a united front.

Go deeper (2 min. read)Arrow
Stef W. Kight
7 hours ago - Politics & Policy

By the numbers: States weighing voting changes

Data: Brennan Center for Justice at NYU Law; Cartogram: Michelle McGhee/Axios

Georgia is not alone in passing a law adding voting restrictions, but other states are seeing a surge in provisions and proposals that would expand access to the polls, according to data from the Brennan Center for Justice.

Driving the news: Just Wednesday, the New York State Assembly passed a bill to restore voting rights to convicted felons who have been released from prison.

Go deeper (1 min. read)Arrow