Axios

President Trump threatened on Saturday that "hell will reign down" on Iran if the regime doesn't agree to open the Strait of Hormuz within 48 hours.

Why it matters: Trump's 10-day deadline to Iran is expected to expire on Monday. He previously threatened to bomb the country's energy, water and oil infrastructure if no deal was reached to open the strait.

Criminals are growing bolder, stealing priceless art, jewels and truckloads of goods — but it's harder than it looks for them to cash in on their heists.

Why it matters: Because massive heists immediately dominate global news cycles, thieves quickly find themselves stuck with highly recognizable merchandise that even underground buyers are too afraid to touch.

President Trump's new budget lays bare the transformation of his presidency, pairing a historic surge in military spending with historic cuts to domestic programs.

Why it matters: The most powerful populist of this century is at risk of becoming what he ran against — a deficit-spending interventionist asking working-class Americans to shoulder the cost of war.