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Sen. Chris Murphy (D-Conn.) argued on CNN's "State of the Union" on Sunday that Ukrainian officials will not say that President Trump conditioned military aid on their announcement of political investigations because "they are presently reliant on the goodwill of Donald Trump."

"Now, the Ukrainians are always going to try to put a good spin on this. The Ukrainians aren't going to come out and accuse the president of extortion. Why? Because they are presently reliant on the goodwill of Donald Trump in order to keep that country safe. They can't take on the president because at any moment he could stop the security aid once more. So nobody should be surprised when the Ukrainians are trying to put as good a spin on this as possible, are trying to stay in the president's good graces. Because right now the president still holds enormous leverage over that country's independence and sovereignty."

The big picture: Top Ukrainian officials, including the country's foreign minister as recently as Thursday, have denied that the Trump administration explicitly linked the aid to an investigation into former Vice President Joe Biden and his son. Ukrainian President Volodymyr Zelensky has said that he did not feel pressure and that he does not want to interfere in "democratic, open elections" in the U.S.

Go deeper:

Go deeper

Erica Pandey, author of @Work
1 hour ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.

Mike Allen, author of AM
2 hours ago - Economy & Business

First look: Business puts muscle behind Biden

Business Roundtable, the voice of America's top CEOs, today launched "Move the Needle," a campaign to support President Biden in rolling out COVID vaccines, increasing vaccine uptake and encouraging masks.

What they're saying: "Masks and vaccines are working. Now is the time to keep at it, overcome pandemic fatigue, and double down on the measures that will end this public health and economic crisis, said Business Roundtable president and CEO Josh Bolten.