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Pablo Martinez Monsivais / AP

British PM Theresa May and Trump met in the Oval Office to discuss U.S.-U.K. relations before giving a joint press conference at 1p.m. this afternoon.

Trump showed May the new bust of Winston Churchill, and said "it's a great honor" to have the famous leader back, according to White House pool reporters. Trump made a point to get the perfect picture with the bust, asking to move a lamp that obscured the shot.

"It's a great honor to be here," May replied.

May started her day in Washington with a wreath-laying ceremony at the Tomb of the Unknown Soldier at Arlington National Ceremony before making her way to the White House. The PM gave the first lady a hamper treats from Chequers, and gave Trump an engraved Quaich — an Irish cup that serves as a symbol of friendship — before leaving tonight for Turkey.

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. 

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