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Socialist Party leader Pedro Sánchez. Photo: Charlie Perez/NurPhoto via Getty Images

Spain's Socialist Party is poised to win the country's second parliamentary election in less than a year, but likely won't win enough seats to govern with a majority, according to preliminary results reported by AP.

The big picture: Socialist leader and acting Prime Minister Pedro Sánchez called the snap election — Spain's fourth in as many years — after his party won in the April elections but failed to reach a coalition agreement with other parties. Sunday's vote, which also saw the far-right populist party Vox surge to third place, could result in more political paralysis for a country that has struggled with stable governance in the years since the financial crisis.

Go deeper

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1 p.m. the day after the article is transmitted.

Dan Primack, author of Pro Rata
29 mins ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.

Ben Geman, author of Generate
1 hour ago - Politics & Policy

New Energy Department roles look to animate Biden's campaign themes

Illustration: Annelise Capossela/Axios

The burst of Biden administration staffing picks announced yesterday revealed that the Energy Department (DOE) has newly created roles that reflect what President Biden called campaign priorities.

Driving the news: One new position is "director of energy jobs," which is being filled by Jennifer Jean Kropke. She was previously the first director of workforce and environmental engagement with Local 11 of the International Brotherhood of Electrical Workers.