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In a pair of tweets late Wednesday night, President Trump said that he would not give the State of the Union address until after the government shutdown ends, and that he is not "looking for an alternative venue."

As the Shutdown was going on, Nancy Pelosi asked me to give the State of the Union Address. I agreed. She then changed her mind because of the Shutdown, suggesting a later date. This is her prerogative - I will do the Address when the Shutdown is over. I am not looking for an alternative venue for the SOTU Address because there is no venue that can compete with the history, tradition and importance of the House Chamber. I look forward to giving a “great” State of the Union Address in the near future!

The backdrop: House Speaker Nancy Pelosi sent Trump a letter Wednesday stating that the House "will not consider a resolution authorizing the President's State of the Union in the House Chamber until the government has opened." Trump said earlier at the White House that he would come up with another plan, but is now opting to wait to give the address until the shutdown over funding for his border wall — now 33 days old — is over.

Pelosi later responded to Trump's statement with a tweet of her own:

Mr. President, I hope by saying “near future” you mean you will support the House-passed package to #EndTheShutdown that the Senate will vote on tomorrow. Please accept this proposal so we can re-open government, repay our federal workers and then negotiate our differences.

What's next: The Senate is expected to vote on dueling proposals to reopen the government on Thursday: one with $5.7 billion for a border wall, and one without. Neither is expected to pass.

Go deeper

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.

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.