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J. Scott Applewhite / AP

In the House Republicans' conference meeting on Capitol Hill this morning, the mood among members was subdued and somewhat anxious. One source described members as "shellshocked."

Paul Ryan sought to project steadiness amid an avalanche of Russia-related news — all of it bad — from the White House. The Speaker told his colleagues, according to a source in the room:

"We should take our oversight responsibilities seriously regardless of who is in power. ... That means before leaping to judgment we get all the facts. OGR [the Oversight Committee] has requested documents. And we'll see where the facts lead."

Behind the scenes: Republican leaders are distressed by what's going on, but don't want to join the pile on. They're watching Democrats bray for impeachment and ballooning media mentions of the 25th Amendment to remove Trump because he's "unable to discharge the powers and duties of his office."

The posture (for now): let's get the facts out there and try to be "sober" about them. The last thing GOP leaders want is for pertinent facts to remain undisclosed, because all that means is the news media will ferret them out, blast them out and further shake the system.

Go deeper

Erica Pandey, author of @Work
54 mins 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.

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