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May last night following last-minute negotations in Strasbourg. Photo: Thomas Niedermueller/Getty Images

U.K. Prime Minister Theresa May, who spent weeks scrambling to make last-minute tweaks to her Brexit agreement with the European Union, saw her plan defeated once again in Parliament today. The margin was 242 to 391.

Why it matters: We are just 17 days away from "Brexit Day," when the U.K. is scheduled to leave the EU, and nowhere close to a deal. May has said she'll put forward two additional votes in the coming days — one on a so-called "no deal" Brexit, which is likely to fail, and one asking her to seek an extension to the negotiating period, which is likely to pass. Getting the EU to agree to an extension will be tricky, though, and pushing back the deadline won't get May any closer to a parliamentary majority.

The latest: Speaking through a hoarse voice after the result, May said she “profoundly” regrets that “the best and in fact the only deal available” was voted down. She announced that a vote on “no deal” would be held tomorrow, and said she would not pressure Conservative members to vote one way or the other.

  • May continued: "Let me be clear, voting against leaving without a deal and for an extension does not solve the problems we face. The EU will want to know what use we mean to make of such an extension, and this House will have to answer that question." When May mentioned the scenarios, the idea of a second referendum was answered with cheers from one side and jeers from the other.
  • Labour leader Jeremy Corbyn spoke next, and said May must accept that her deal “is dead.” He added: “The prime minister has run down the clock and the clock has run down on her,” and suggested a general election might be needed to break the deadlock.

Go deeper: Everything you need to know about Brexit

Go deeper

Dan Primack, author of Pro Rata
46 mins ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.

Trump political team disavows "Patriot Party" groups

Marine One carries President Trump away from the White House on Inauguration Day. Photo: Patrick Smith/Getty Images

Donald Trump's still-active presidential campaign committee officially disavowed political groups affiliated with the nascent "Patriot Party" on Monday.

Why it matters: Trump briefly floated the possibility of creating a new political party to compete with the GOP — with him at the helm. But others have formed their own "Patriot Party" entities during the past week, and Trump's team wants to make clear it has nothing to do with them.