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!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

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!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Rep. Duncan Hunter. Photo: Bill Clark/CQ Roll Call

Corruption instantly becomes a centerpiece issue in the midterm campaigns — a huge new weight for Republicans in marginal races.

What we're hearing: With a corruption indictment of Rep. Duncan Hunter (R-Calif.) capping Republicans' hell day, a top GOP guru told Axios: "The Republican Party looks like a criminal enterprise."

  • Hunter was the second member of Congress to endorse Trump. The first was Rep. Chris Collins (R-N.Y.), charged two weeks ago with insider trading.

Top Democratic strategists tell me they're poised to exploit this massive vulnerability.

  • One operative close to House Democratic leader Nancy Pelosi pointed out that during an April press conference, she was already talking about "the Trump Administration’s culture of corruption."
  • The key, Dem strategists tell me, will be for campaigns to keep the focus on corruption rather than impeachment, which could backfire.

Be smart ... With all the bad news already swirling, look at what will unfold during the heat of midterm campaigning:

  • Lanny Davis, Cohen's lawyer, to MSNBC's Rachel Maddow: "Mr. Cohen has knowledge on certain subjects that should be of interest to the special counsel, and is more than happy to tell the special counsel all that he knows. ... He is now liberated to tell the truth —everything about Donald Trump that he knows."
  • Mueller prosecutors said in a filing yesterday that Trump's former national security adviser Michael Flynn is not yet ready to be sentenced, "a sign that Flynn’s cooperation with investigators is continuing," per AP.
  • A week from today (Aug. 29): Deadline for U.S. "to decide whether it wants to retry the 10 counts that were declared a mistrial," per N.Y. Times.
  • Sept. 17: Manafort goes on trial in D.C. "on charges including conspiracy to defraud the United States, failing to register as a foreign agent, money laundering, witness tampering and making false statements," per AP.
  • Dec. 12: Cohen will be sentenced. "The government calculated the sentencing guidelines at from 51 to 63 months and the defense put them at 46 to 57 months," per N.Y. Times.
  • No sentencing date has been set for Manafort.

Get more stories like this by signing up for our daily morning newsletter, Axios AM. 

Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.

Go deeper

Felix Salmon, author of Capital
12 mins ago - Economy & Business

Inflation will rise. Don't panic

Illustration: Annelise Capossela/Axios

It's been 40 years since America last saw a damaging level of inflation. Yet despite that — or perhaps because of it — inflation fears are widespread, and could even become self-fulfilling.

Why it matters: The government's strategy for bringing back employment and widespread prosperity involves a necessary — yet temporary — increase in inflation. When an entire generation has never experienced such a thing, that can be disconcerting. And for the time being, Americans are not buying what the government is selling.

Updated 55 mins ago - Politics & Policy

Gunman kills 8 people in shooting at FedEx facility in Indianapolis

A screenshot of the Indianapolis Metropolitan Police Department spokesperson Genae Cook during a news conference Friday morning. Photo: Indianapolis Metropolitan Police Department/Facebook

A gunman opened fire at a FedEx warehouse facility in Indianapolis late Thursday, killing at least eight people and wounding multiple others, authorities said.

Details: "The alleged shooter has taken his own life here at the scene," Indianapolis Metropolitan Police Department spokesperson Genae Cook said during a news conference early Friday.

Dems race to address, preempt stimulus fraud claims

Illustration: Aïda Amer/Axios

Biden officials are working to root out the systematic fraud in unemployment and Paycheck Protection Program claims that plagued the Trump administration’s efforts to boost the economy with coronavirus relief money, Gene Sperling told House committee chairmen privately this week.

Why it matters: President Biden just signed another $1.9 trillion of aid into law, with Sperling tapped to oversee its implementation. And the administration is asking Congress to approve another $2.2 trillion for the first phase of an infrastructure package.