Photo: Chip Somodevilla/Getty Images

Michael Cohen's attorney wrote to the House Oversight Committee chairman Tuesday to clarify that President Trump's former personal lawyer and fixer didn't ask him for a presidential pardon, the Associated Press reports.

Why it matters: Cohen testified before the committee that he had "never asked for, nor would I accept, a pardon" from the president. Trump said Friday Cohen had directly asked him for a pardon. The letter to Rep. Elijah Cummings (D-Md.) clarifies that Cohen had asked a lawyer to explore the option before he decided to turn against Trump in June. Cohen's lawyer Michael Monico said hist testimony “could have been clearer and more complete,” according to the AP.

Go deeper

U.S. economy sees record growth in third quarter

The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.

The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.

Updated 33 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.