Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

President Trump stops to talk to reporters as he departs from the South Lawn at the White House. Photo: Jabin Botsford/The Washington Post via Getty Images

Another ominous clue that the shutdown could be prolonged: President Trump tweeted yesterday, "I am respectfully cancelling my very important trip to Davos." He had been scheduled to leave Jan. 21 — 10 days from now.

The big picture: The shutdown sets a new record today, matching the longest stoppage yet: a 21-day closure that ended Jan. 6, 1996, under President Bill Clinton. Tomorrow sets a new record for longest shutdown.

  • 800,000 federal workers won't receive paychecks due today.(AP)

Shutdown fallout:

  • "White House officials [are considering] diverting emergency aid from storm- and fire-ravaged Puerto Rico, Florida, Texas and California to build a border barrier, perhaps under an emergency declaration," per the N.Y. Times.
  • Cleanups at Superfund sites are suspended around the nation, "deepening the mistrust and resentment of surrounding residents who feel people in power long ago abandoned them." (AP)
  • "With more federal security screeners refusing to work without pay, Miami International Airport plans to cut off access to one of its terminals over the weekend ... to send TSA workers to busier checkpoints." (Miami Herald)

What's closed, per AP: "Nine of the 15 Cabinet-level departments have not been funded, including Agriculture, Homeland Security, State, Transportation, Interior and Justice. Some iconic National Park facilities are shuttered as are the Smithsonian museums and the National Zoo in Washington. Nearly everyone at NASA is being told to stay home, as are most at the Internal Revenue Service, ... though the administration says tax refunds will be issued during the shutdown."

  • Who's working but not getting paid: "Some 420,000 federal employees ... are working without pay, including the FBI, TSA and other federal law enforcement officers. Some staff at the State and Homeland Security departments are also working without compensation. The Senate has approved a bill to provide back pay to federal workers. The House must vote on it. Trump said this week that federal workers will 'get their money.'"

Go deeper

46 mins ago - World

Netanyahu campaigns against Biden's plan to save Iran deal

Netanyahu campaigns at a gym last month. Photo: Pool/AFP via Getty

Israeli Prime Minister Benjamin Netanyahu indirectly criticized the Biden administration for its intention to return to the Iran nuclear deal and told his supporters he was prepared to "stand against the entire world" to stop it.

Why it matters: This is a major change of tune for Netanyahu, who had been careful in his statements on the Iran deal and avoided publicly criticizing President Biden. The statement was part of Netanyahu's attempt to rally his base ahead of Israel's election on March 23.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Tech: "Fludemic" model accurately maps COVID hotspotsVirtual doctor's visits and digital health tools take off.
  2. Politics: Schumer says Senate will stay through weekend to vote on COVID relief — Republican governor of West Virginia says there's no plan to lift mask mandate.
  3. World: Canada vaccine panel recommends 4 months between doses.
  4. Business: Firms develop new ways to inoculate the public.
  5. Local: Ultra-rich Florida community got vaccinations in January.
Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Why fears of a SPAC bubble may be overblown

Illustration: Annelise Capossela/Axios

The SPAC surge continues unabated, with 10 new ones formed since Wednesday morning. And that's OK.

Between the lines: There are growing concerns that retail investors are about to get rolled, with smart sponsors taking advantage of dumb money.