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President Trump heading to campaign in Georgia for the two U.S. Senate runoffs. Photo: Drew Angerer/Getty Images

President Trump may have little more than two weeks left in office, but House Democrats are talking about impeaching him — again.

Why it matters: The party is split over how to respond to his phone call asking the Georgia secretary of state to change his state’s vote totals. Progressives including Ilhan Omar are talking another impeachment, while others such as Hank Johnson (D-Ga.) favor a lesser move like censure. The ticking clock factors into both approaches.

Driving the news: Omar (D-Minn.) said Monday night she wants to impeach the president because he and his allies have become “more emboldened” by not being held accountable.

  • “The Constitution does not make exceptions for the amount of time the president has left in office, or the popular support they have,” Omar wrote in a statement. “And we cannot either.”
  • Fellow progressive Rep. Alexandria Ocasio-Cortez (D-N.Y.) told reporters today: “If it was up to me, there would be articles on the floor quite quickly.”

Johnson plans on Tuesday to introduce a resolution censuring the president, saying the call is “a violation of state and federal law.” 

  • Rep. Henry Cuellar (D-Texas) told Axios it was “borderline criminal,” but there’s not enough time for an impeachment hearing. “We’re not happy, but we’ll leave it to other officials,” he said.
  • Rep. Tim Ryan (D-Ohio) said “any other president” would be impeached but, “we’ve got the virus and public health to take care of.”

The bottom line: Rep. Hakeem Jeffries (D-N.Y.), head of the House Democratic Caucus, said: “We’re not looking backward; we’re looking forward.”

Go deeper

Kaine, Collins' censure resolution seeks to bar Trump from holding office again

Sen. Tim Kaine (center) and Sen. Susan Collins (right). Photo: Andrew Harnik/Pool via Getty Images

Sens. Tim Kaine (D-Va.) and Susan Collins (R-Maine) are forging ahead with a draft proposal to censure former President Trump, and are considering introducing the resolution on the Senate floor next week.

Why it matters: Senators are looking for a way to condemn Trump on the record as it becomes increasingly unlikely Democrats will obtain the 17 Republican votes needed to gain a conviction, Axios Alayna Treene writes. "I think it’s important for the Senate's leadership to understand that there are alternatives," Kaine told CNN on Wednesday.

Fed signals it could yank economic support quicker as inflation sticks around

Federal Reserve chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee today. Photo: Alex Wong/Getty Images

The Federal Reserve will consider pulling back economic support sooner "as the threat of persistently high inflation has grown," chair Jerome Powell said during a congressional hearing on Tuesday.

Why it matters: This is the biggest signal yet the Fed is backing away from its stance that soaring prices would be fleeting — a change that could shift its policies that underpin the economy.

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

Crypto meets the real world

Illustration: Megan Robinson/Axios

The two largest countries in the world seem intent on effectively banning their citizens from participating in crypto, which poses a serious threat to the crypto agenda.

Why it matters: The crypto world is global — but the real world is fragmented into nation-states, each of which claims control of what happens within its borders.