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Missiles are on display in Tehran on Sunday during the country's annual Defense Week. Photo: Vahid Salemi / AP

On Friday, Iran claimed to have tested a new medium-range ballistic missile capable of striking Israel with multiple warheads — but, according to Fox News, that missile launch never actually took place. Video footage purporting to show the launch was actually from a failed test back in January.

Why it matters: The world is waiting to hear President Trump's decision — he claimed to have made up his mind last week — on whether or not to stay in the Iran nuclear deal. It's significant that Trump used the "launch" to again decry the deal, tweeting on Saturday: "Not much of an agreement we have!"

Go deeper

2 hours ago - Health

U.S. surpasses 25 million COVID cases

A mass COVID-19 vaccination site at Dodger Stadium on Jan. 22 in Los Angeles, California. Photo: Mario Tama/Getty Images

The U.S has confirmed more than 25 million coronavirus cases, per Johns Hopkins data updated on Sunday.

The big picture: President Biden has said he expects the country's death toll to exceed 500,000 people by next month, as the rate of deaths due to the virus continues to escalate.

GOP implosion: Trump threats, payback

Spotted last week on a work van in Evansville, Ind. Photo: Sam Owens/The Evansville Courier & Press via Reuters

The GOP is getting torn apart by a spreading revolt against party leaders for failing to stand up for former President Trump and punish his critics.

Why it matters: Republican leaders suffered a nightmarish two months in Washington. Outside the nation’s capital, it's even worse.

Erica Pandey, author of @Work
6 hours ago - Economy & Business

The limits of Biden's plan to cancel student debt

Data: New York Fed Consumer Credit Panel/Equifax; Chart: Axios Visuals

There’s a growing consensus among Americans who want President Biden to cancel student debt — but addressing the ballooning debt burden is much more complicated than it seems.

Why it matters: Student debt is stopping millions of Americans from buying homes, buying cars and starting families. And the crisis is rapidly getting worse.