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

Twitter launches warnings on election misinformation and delays

Photo courtesy of Twitter.

Twitter will start pinning notices to the top of all U.S. Twitter users’ timelines warning them that results in next week’s election may be delayed and that they may encounter misinformation on mail-in voting.

Why it matters: Delayed election results are expected across many states that are handling unprecedented amounts of absentee and mailed ballots, which President Trump has baselessly called "very dangerous" and "corrupt."

Miriam Kramer, author of Space
12 mins ago - Science

NASA confirms water exists on sunny parts of the Moon

Photo: NASA/JPL/USGS

Water on the Moon might be more easily accessible than previously thought, opening up new possible avenues for future human exploration, according to a new study.

Why it matters: NASA is aiming to send people back to the Moon as part of its Artemis program by 2024, with plans to eventually create a sustainable presence on the lunar surface. That sustainability relies on mining the moon for its resources, like water.

Updated 40 mins ago - Politics & Policy

Pence no longer expected at Amy Coney Barrett's final confirmation vote

Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

Vice President Mike Pence no longer plans to attend the Senate's final confirmation vote for Judge Amy Coney Barrett on Monday, following Senate Democrats' claims that his presence after possible exposure to the coronavirus would be a "violation of common decency," a Pence aide confirmed to CNN and Politico on Monday.

Driving the news: Five of Pence's aides were recently diagnosed with COVID-19, including his chief of staff, who is currently quarantining. Pence has continued his campaign travel despite his possible exposure, which goes against CDC guidelines.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!