U.K. Prime Minister Theresa May. Photo: Dan Kitwood/Getty Images

U.K. Prime Minister Theresa May told the House of Commons on Tuesday that if her Brexit deal is rejected on March 12, she will offer two follow-up votes: one on whether the U.K. should leave the EU without a deal, and one on whether to extend the Brexit date beyond March 29.

Why it matters: There is not a majority of MPs in support of a "no deal" Brexit. May said any Brexit delay would not last beyond the end of June and would "almost certainly have to be a one-off." Opposition leader Jeremy Corbyn said yesterday that his Labour Party would back the idea of another "public vote" on Brexit if his own plan is rejected next week, as expected.

Go deeper ... The Brexit dilemma: British politics is broken

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Dan Primack, author of Pro Rata
Updated 1 hour ago - Economy & Business

Winter coronavirus threat spurs new surge of startup activity

Illustration: Sarah Grillo/Axios

U.S. coronavirus cases and hospitalizations are surging, with cold weather arriving before even the best-case scenario for a widely distributed vaccine. Now we're also beginning to see an increase in coronavirus-related startup funding, focused on both testing and pharma.

Driving the news: Gauss, a Silicon Valley computer vision startup focused on health care, tells Axios that it's raised $10 million to accelerate development and commercialization of an at-home rapid antigen test for COVID-19.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Axios-Ipsos poll: Federal response has only gotten worse — The swing states where the pandemic is raging.
  2. Health: Hospitals face a crush — 13 states set single-day case records last week.
  3. Business: Winter threat spurs new surge of startup activity.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. States: Nearly two dozen Minnesota cases traced to three Trump campaign events.
  6. World: Unrest in Italy as restrictions grow across Europe.

Ted Cruz defends GOP's expected return to prioritizing national debt

Sen. Ted Cruz (R-Texas) told "Axios on HBO" on Monday that he wishes reining in the national debt was a higher priority for President Trump.

Why it matters: Trump pledged during the 2016 campaign to reduce the national debt and eliminate it entirely within eight years, though he also deemed himself "the king of debt" and said there were some priorities that required spending. In the fiscal year that ended in September, the deficit reached a record $3.1 trillion.