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Canada's Minister of Foreign Affairs, Mexico's Economy Minister, and U.S. Trade Representative Bob Lighthizer. Photo: Ronaldo Schemidt/AFP/Getty Images

Mexico’s economy minister, Ildefonso Guajardo, said he does not think we will have a NAFTA deal wrapped up by Thursday, the deadline that would allow the U.S. Congress to vote on the package before the next Congress is sworn in next January.

Temper that: Trump’s Director of the National Economic Council, Larry Kudlow, told an Axios audience today that his optimism about the deal overall is “not great.”

Why it matters: If the blue wave really is coming this year to Capitol Hill, it is possible that the makeup of Congress next January will not back Trump’s moves to rewrite NAFTA and could derail the next proposal comes down the pike.

The other side: Canada’s Justin Trudeau: “There is very much an eminently achievable outcome...and we are very close.”

Be smart: Mexico has said it will continue negotiating past this Thursday, regardless of which Congress — old or new — will be voting on the renegotiation.

  • Yes but: U.S. Trade Representative Bob Lighthizer has threatened a retreat from the deal as a hardline. To be determined if he actually takes the hard line.

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.