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Photo by Jaap Arriens/NurPhoto via Getty Images

Congressional Democrats earlier this year issued a 21-page report that began to explore the relationships between President Trump, Deutsche Bank and Russia.

The bottom line: Deutsche Bank has every reason to be worried that the Democrats now control the House. Expect a lot of noise and subpoenas.

A key question in the report: "Did candidate Trump’s financial exposure via Deutsche Bank constitute a point of leverage that Russia may have exploited and may still be using?"

  • Deutsche Bank was fined $630 million in 2017 over its involvement in a $10 billion Russian money-laundering scheme. It also has been the lender of choice for President Trump, his businesses, and his family.
  • Trump has referred to his personal banker at Deutsche, Rosemary Vrablic, as "the head of Deutsche Bank" and "the boss".

Deutsche Bank is deeply connected to Trump. As the New York Times reported in 2017:

"The bank is seen as central to understanding Mr. Trump’s finances since it is the only major financial institution that continues to conduct sizable business with him. Deutsche Bank has also lent money to Jared Kushner, the president’s son-in-law and senior adviser, and to his family real estate business."

The Democrats' report says clearly that "it is imperative to request documents from Deutsche Bank, via subpoena if necessary." With Maxine Waters poised to take over the House Financial Services Committee, expect those subpoenas to be coming thick and fast.

Go deeper

White House removes Trump-appointed scientist from overseeing climate report

U.S. President Joe Biden. Photo: Anna Moneymaker-Pool/Getty Images

The Biden administration has removed Trump-appointed atmospheric scientist Betsy Weatherhead from her role overseeing a comprehensive report on how climate change is affecting the U.S., the Washington Post first reported Monday.

Why it matters: Weatherhead has not been fired — merely reassigned to the U.S. Geological Survey — the move represents an effort by the Biden administration to remove Trump-era appointees from scientific roles, per CNN.

19 mins ago - Politics & Policy

Congress, White House brace for Chauvin verdict

Illustration: Sarah Grillo/Axios

Lawmakers on Capitol Hill are anxious as the nation awaits the verdict in former police officer Derek Chauvin's trial, fearing a not-guilty decision could exacerbate racial tensions and spark a new wave of riots.

Why it matters: Leaders on both ends of Pennsylvania Avenue are trying to figure out how to calibrate any personal or legislative response, while also acknowledging how the final outcome in Chauvin's murder trial in the death of George Floyd could affect their district and them politically.

Exclusive: Koch Network, Bush Center team up on immigration

Visitors view immigration exhibit at the George W. Bush Presidential Center in Dallas. Photo: Stand Together

The Koch Network and the George W. Bush Presidential Center are partnering on an interactive immigration exhibit aimed at countering stereotypes and promoting immigration reform.

The big picture: The partnership to be announced Tuesday between the right-wing network's philanthropic arm, Stand Together, and the Dallas center comes as Congress is expected to debate immigration reform proposals amid resistance from many Republicans.

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