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Pablo Martinez Monsivais / AP

Chatter is building on whether the Trump administration will stay or withdraw from a global climate accord, struck in 2015 by nearly 200 nations, ahead of the administration's anticipated decision by the end of next month.

Driving the news: George David Banks, a top advisor in the Trump White House for global climate and energy issues, is working to keep the U.S. government in the deal while throwing out the Obama administration's pledge to cut U.S. greenhouse gas emissions specific levels.

The other side: Myron Ebell, a top expert at the Competitive Enterprise Institute and former transition advisor for Trump's EPA, represents the right flank of the GOP that wants America out of the climate deal altogether. He says he prefers the administration pull out entirely, but his rhetoric is softening oh so slightly, and he's saying now that no matter what decision is made, it'll be portrayed as withdrawal.

"I'm pretty sure whatever they do they're going to say it's withdrawal," Ebell told Axios. "There are different ways to withdraw."

What that means: Ebell says the Trump administration could withdraw President Obama's pledge, which is the current leading possibility.

Reality check: During the campaign, Trump said he would "cancel" the Paris deal, which is technically impossible. Dropping Obama's pledge is also not technically withdrawing from the deal, but it's a nuanced detail that can easily be overlooked and massaged as necessary in rallies and meetings when appropriate by administration officials.

Go deeper

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.

Trump gives farewell address: "We did what we came here to do"

Photo: Mandel Ngan/AFP via Getty Images

President Trump gave a farewell video address on Tuesday, saying that his administration "did what we came here to do — and so much more."

Why it matters, via Axios' Alayna Treene: The address is very different from the Trump we've seen in his final weeks as president — one who has refused to accept his loss, who peddled conspiracy theories that fueled the attack on the Capitol, and who is boycotting his successor's inauguration.