Update on April 12 at 1 p.m. Eastern: The parties have agreed to delay the Brexit deadline until Oct. 31.
On March 22nd, the European Council approved U.K. Prime Minister Theresa May's request to delay the U.K.'s withdrawal from the EU. The Brexit date will push from March 29 to May 22, giving the U.K. Parliament more time to ratify the terms of withdrawal that May has negotiated with the EU, though the parliament has rejected that deal twice before. If it does not agree to May's deal next week, the EU Council will delay Brexit again, to April 12, meaning "all options will remain open," said European Council President Donald Tusk. "The U.K. government will still have a choice of a deal, no-deal, a long extension or revoking Article 50," he said, referring to the EU Lisbon Treaty clause that allows for EU member states to withdraw from the union. The EU expects the U.K. to break its stalemate and, according to the extension agreement, will not renegotiate the terms of the U.K.'s withdrawal that it had worked out with May.