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Rep. Tulsi Gabbard and Sen. Kamala Harris went head-to-head at the 5th Democratic debate Wednesday over their views of the Democratic Party.

What they're saying: Responding to a question about the "rot" in the Democratic Party, Gabbard stated: "Our Democratic Party, unfortunately, is not the party that is of, by and for the people."

  • Harris responded: "I think that it's unfortunate that we have someone on this stage who is attempting to be the Democratic nominee for president of the United States, who during the Obama administration spent four years full time on Fox News criticizing President Obama."
  • Gabbard snapped back, criticizing the party's foreign policy record and stating: "What Sen. Harris is doing is unfortunately continuing to traffic in lies and smears and innuendos because she cannot challenge the substance of the argument that I'm making."

Context: Gabbard is an outspoken critic of the party's establishment. She butted heads with 2016 presidential candidate Hillary Clinton earlier this year after Clinton called Gabbard Russia's favorite 2020 candidate.

  • Gabbard left her role as vice chair of the Democratic National Committee in 2016 to back Sen. Bernie Sanders.

Go deeper:

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.