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Photo: Billal Bensalem/NurPhoto via Getty Images

Saudi Arabia’s foreign ministry condemned the Senate on Monday for its votes last week to pull U.S. support from the Saudi-led coalition in Yemen's ongoing civil war and blaming Crown Prince Mohammed bin Salman (MBS) for Jamal Khashoggi’s murder, stating the nation rejects "any attempts to undermine its sovereignty or diminish its stature."

The big picture: The Senate votes broke markedly with the official position of the Trump administration, which publicly stood behind Saudi Arabia with a controversial statement from President Trump last month despite a CIA report linking MBS to Khashoggi's death. Saudi Arabia referenced this break in its statement, saying it hopes it "is not drawn into domestic political debates in the United States of America, to avoid any ramifications on the ties between the two countries that could have significant negative impacts on this important strategic relationship."

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Journalism enters dangerous new era

Illustration: Brendan Lynch/Axios

The Capitol attack on Jan. 6 resulted in at least nine physical assaults against journalists and at least five arrests, per the U.S. Press Freedom Tracker's top editor.

Why it matters: President Trump's harsh rhetoric towards the press has empowered leaders abroad and locally in the U.S. to continue to attack press that they don't like.

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Joe Biden's inauguration and the days right after will bring a rat-tat-tat burst of climate policy moves, but keep this in mind amid the splashy pledges: pushing through most of his agenda will be a long, uncertain slog.

Why it matters: Biden's climate plan is far more expansive than anything contemplated under President Obama. But for all the immediate pledges, it will take years to see how far Biden gets.

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President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.