Mar 6, 2019

Congress to receive memo detailing each time Mueller was told "no"

Robert Mueller. Photo: Tom Williams/CQ Roll Call

Upon the conclusion of special counsel Robert Mueller's investigation, Attorney General William Barr will be required to submit a memo to the House and Senate Judiciary Committees detailing each instance in which Mueller's supervisors rejected his requests, according to a Justice Department regulation highlighted by Politico.

Why it matters: Regardless of what it reveals, the memo will be meaningful in the context of Mueller's broader findings. If it's blank or sparse, it would suggest that Mueller was able to carry out his investigation unimpeded. If it contains evidence of Mueller being blocked from taking certain actions — such as a presidential subpoena or some explosive indictment — it could provide grounds for further investigation by Democrats.

"Upon conclusion of the Special Counsels investigation, including, to the extent consistent with applicable law, a description and explanation of instances (if any) in which the Attorney General concluded that a proposed action by a Special Counsel was so inappropriate or unwarranted under established Departmental practices that it should not be pursued."

Go deeper: Timeline: Every big move in the Mueller investigation

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Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.