Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

The USWNT and USMNT are currently negotiating new CBAs as well, with the men's already expired and the women's expiring on Dec. 31.

State of play: The U.S. Soccer Federation announced in September that it had offered both teams the same proposal in an effort to align them under a single CBA. Complicating things is that the men and women have long had different priorities.

  • The men earn most of their money from club soccer, so their most recent CBA focused on higher match fees and bonuses (aka "pay-to-play").
  • The women — who earn far less as pros — desire more financial security, so their current CBA has higher guaranteed salaries and more benefits.

Between the lines: While U.S. Soccer can decide how money is funneled to its national teams, it has no control over the elephant in the room: FIFA's World Cup prize money, which differs drastically for men and women.

  • France's soccer federation was paid $38 million from a $400 million prize pool after its men's team won the 2018 World Cup.
  • A year later, U.S. Soccer was paid $4 million from a $30 million pot after the USWNT won the Women's World Cup.

The backdrop: In addition to World Cup prize money, the USWNT's equal pay lawsuit also hangs over negotiations.

  • Players sued U.S. Soccer in March 2019, contending they had not been paid equitably compared to the men, and asking for more than $64 million in damages.
  • A federal judge threw out the pay claim in May 2020, ruling the women rejected a pay-to-play structure similar to the men's in favor of the one they received (higher base salaries, etc.).
  • U.S. Soccer claims the women were actually paid more than the men from 2010-18. Of course, that's because the women won two World Cups, while the men won one game in 2014 and missed 2018 entirely.

What's next: The USWNT players have appealed the decision, and a three-judge panel is likely to hear oral arguments in the coming months.

The bottom line: U.S. Soccer is negotiating its future, while battling in court over its past.

This story is part of a special report on the state of U.S. women's soccer. It appeared first in Axios Sports. (Sign up here.)

Go deeper:

  1. Next few months could be most important in U.S. women's soccer history
  2. USWNT friendlies roster provides look into the team's future
  3. More Americans can name USWNT player than USMNT player
  4. Cindy Parlow Cone: “We’re on the same side” as USWNT on equal pay
  5. Two NWSL teams searching for new head coaches after abuse allegations
  6. Player empowerment is key to the future of U.S. women's pro soccer

Go deeper

Updated Nov 22, 2021 - Axios Events

Watch: A conversation on financial inclusion

On Monday, November 22nd, Axios co-founder Mike Allen and executive editor Aja Whitaker-Moore discussed how the public and private sectors are expanding access to capital and services for those who’ve been excluded from the financial system, featuring Sen. Tim Scott (R-S.C.) and Women’s World Banking president and CEO Mary Ellen Iskenderian.

Sen. Tim Scott explained how he came to understand the importance of financial literacy, what the U.S. government can do to promote financial inclusion, and the primary issues that underbanked populations face.

  • On the role of financial literacy in setting up for future success: “Financial literacy has so much to do with your future success and your present opportunities, and having not learned those lessons early in life, I wanted to make sure that a part of my focus is on making sure that Americans today, no matter what their income, they have access to financial literacy.”
  • On helping credit worthy individuals have access to more financial opportunities: “We think about those folks who today are credit worthy, but they are credit invisible, so we want to make sure that more of your information finds itself into the credit scoring agencies’ hands, so that if you’re credit worthy, you have access to more products within the portfolio because you’ve earned it.”

Mary Ellen Iskenderian illustrated which populations are most impacted by divides in economic opportunity, how to reach women and help them gain better access to financial resources, and the rise of digital technology in banking.

  • On how the pandemic impacted economic inclusion for women: “I think one of the really seminal, important takeaways...was just how women in every geography, every age, every economic segment have really been disproportionately affected by both the health aspect of the pandemic...but also in the economic part of the pandemic. We saw unemployment rates across the globe 2 percentage points higher everywhere for women than for men.”
  • On disparities in access to digital banking: “So much of financial inclusion, financial outreach, to underserved populations today is being done through cell phone technology. But still, we’ve got a 15% gender gap in ownership of smartphones in particular.”

Axios VP of Finance and Accounting Abby Clawson hosted a View from the Top segment with TransUnion president and CEO Chris Cartwright, who conveyed ways to help more Americans become full participants in the financial ecosystem.

  • “There are a variety of non-loan financial activities that we believe should be included in the modern credit reporting system in order to expand access to that system for the tens of millions of Americans who currently don’t have it.”

Thank you TransUnion for sponsoring this event.

JPMorgan: "Full global recovery" in 2022

Photo: Erik McGregor/LightRocket via Getty Images

JPMorgan Chase Global Research says in a forecast to clients: "2022 will be the year of a full global recovery, an end of the global pandemic, and a return to normal conditions we had prior to the COVID-19 outbreak."

The big picture: The bullish report sees "a return of global mobility, and a release of pent-up demand from consumers (e.g. travel, services)."

Inside Trump's hunt for "disloyal" Republicans

Illustration: Aïda Amer/Axios

Donald Trump and his associates are systematically reshaping the Republican Party, working to install hand-picked loyalists across federal and state governments and destroy those he feels have been disloyal, sources close to the former president tell Axios.

Why it matters: If most or all of Trump’s candidates win, he will go into the 2024 election cycle with far more people willing to do his bidding who run the elections in key states.