Incoming House Intelligence Chairman Adam Schiff (D-Calif.) said on CBS' "Face the Nation" Sunday that "there's a very real prospect" the Justice Department may indict President Trump the day he leaves office — calling him "the first president in quite some time to face the real prospect of jail time" — based on the sentencing memo for Michael Cohen submitted by federal prosecutors in New York.

The big picture: Prosecutors allege that Cohen paid off two women "in coordination with and at the direction of" of then-candidate Trump with the goal of preventing them from influencing the 2016 election. The Justice Department’s Office of Legal Counsel has maintained that a sitting president cannot be indicted, but Schiff argued that if evidence supports the claim that Trump directed Cohen to commit felonies, he could face criminal exposure once he leaves office.

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What to expect from the final debate of the 2020 election

Trump and Biden at the first debate. Morry Gash-Pool/Getty Image

Watch for President Trump to address Joe Biden as “the big guy” or “the chairman” at tonight's debate as a way of dramatizing the Hunter Biden emails. Hunter's former business partner Tony Bobulinski is expected to be a Trump debate guest.

The big picture: Trump's advisers universally view the first debate as a catastrophe — evidenced by a sharp plunge in Trump’s public and (more convincingly for them) private polling immediately following the debate.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Business: New state unemployment filings fall.
  3. Economy: Why the stimulus delay isn't a crisis (yet).
  4. Health: FDA approves Gilead's remdesivir as a coronavirus treatment How the pandemic might endMany U.S. deaths were avoidable.
  5. Education: Boston and Chicago send students back home for online learning.
  6. World: Spain and France exceed 1 million cases.

FBI: Russian hacking group stole data after targeting local governments

FBI Headquarters. Photo: Mark Wilson/Getty Images

Energetic Bear, a Russian state-sponsored hacking group, has stolen data from two servers after targeting state and federal government networks in the U.S. since at least September, the FBI and Cybersecurity and Infrastructure Security Agency said on Thursday.

Driving the news: Director of National Intelligence John Ratcliffe announced Wednesday that Iran and Russia had obtained voter registration information that could be used to undermine confidence in the U.S. election system.