Brazilian President Michel Temer. Photo: Spencer Platt/Getty Images

Brazil’s federal police on Monday recommended that prosecutors put President Michel Temer on trial for charges of corruption, money laundering and criminal association, reports the Associated Press.

What's next: The attorney general reportedly has 15 days to decide whether to carryout a case against Temer. Congress would also be mandated to vote to allow a trial and suspend Temer, whose term ends in December. Last year, Temer survived a key vote in Congress that prevented him from going to trial for corruption charges.

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Ben Geman, author of Generate
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The escalating political battle over California's plan for gas-free cars

Illustration: Eniola Odetunde/Axios

The fate of California's aggressive moves to wring carbon emissions out of transportation could depend heavily on the election and the shape of the Supreme Court.

Why it matters: California is the country's largest auto market and transportation is the country's largest source of CO2.

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The stock market's not-enough tantrum

Illustration: Eniola Odetunde/Axios

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What's happening: This selloff is beginning to look like the 2013 taper tantrum, which roiled markets as U.S. government yields rose in response to an expected reduction of the Fed's quantitative easing (QE) program.

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