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Photo: Chung Sung-Jun/Getty Images

Thailand's Constitutional Court dissolved the opposition party Thai Raksa Chart for nominating Princess Ubolratana Rajakanya to run on its ticket to become prime minister, Reuters news agency reported early Thursday.

Why it matters: A royal had never run for Thailand's highest political office before the princess embarked on her bid. She had renounced her royal titles after marrying an American in 1972, but her brother, King Maha Vajiralongkorn, declared her nomination "inappropriate" for a royal. The Election Commission disqualified her from running in February. The decision to dissolve Thai Raksa Chart, which has links to the exiled former Prime Minister Thaksin Shinawatra, is the latest blow in opposition parties' bid to win the March 24 general election and oust the ruling military junta from power.

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

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 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours 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.