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Trump and Giuliani in 2016. Photo: Drew Angerer/Getty Images

Top House Republican sources tell Axios that one impeachment survival strategy will be to try to distance President Trump from any Ukraine quid pro quo, with Rudy Giuliani potentially going under the bus.

What they're saying: A Republican member of one of the impeachment committees told Axios: "[T]his is not an impeachment of Rudy Giuliani, it's not an impeachment of Ambassador Sondland. It's an impeachment of the president of the United States."

  • "So the point is as long as this is a step removed, he's in good shape. ... If it's a step removed from the president, he doesn't lose any Republicans in the House."

A top House GOP leadership aide said: "Substance is focus. [The co-leadoff witness, Bill] Taylor says [he had a] 'full understanding.' But from who? Not POTUS. That’s big."

  • An uber-connected Republican added: "Rudy will be cut loose because he was rogue."

What the president is thinking: "Trump is frustrated with the slippery slope it creates [by] saying it's bad but not impeachable," the GOP member added.

  • "Then it gets to bad but impeachable. I think the real problem becomes the slippery slope. ... It's more just a function that he believes there ought to be a strong defense based on the merits of what happened, not on the process."

A top Democratic aide told Axios the party's goal for the hearings is "Mueller on steroids": "Simpler crime witnessed by credible people. Mueller did exceptional work but nobody read his 400+ page report (except a few of us masochists)."

  • A Democratic official who helped shape the strategy told me the narrative will be: "The president abused his power to rig and fix elections in his favor. Our challenge is to keep it that simple: What kind of democracy do we want?"
  • Look for Democrats to say Trump would do it again if not held accountable.

P.S. ... Republican senators are "too busy" to watch today, per AP's Alan Fram:

  • Millions of Americans will be watching. But of eight Senate Republicans questioned, seven said they wouldn't be watching or that it wasn't a priority.
  • "Tomorrow I'm going to be paying attention to what we're doing in the Senate," Senate Majority Leader Mitch McConnell said.

Go deeper:

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Go deeper

Biden calls Fox News reporter a "stupid son of a b---h" on hot mic

President Biden blasted Fox News' Peter Doocy on Monday after the reporter asked if the nation's soaring inflation is a political liability, saying, "what a stupid son of a b----h."

Driving the news: The Biden administration has faced rising inflation rates over recent months, which it has labeled as "transitory."

Hope King, author of Closer
1 hour ago - Economy & Business

Investors reset their compass

Data: FactSet; Chart: Axios Visuals

The endpoints of a stimulus-fueled market are being defined.

Why it matters: Conditions that drove excess pricing in riskier assets are steadily being removed, and big swings in the market like those seen today are inevitable as investors try to adjust to the new landscape.

3 hours ago - World

Soldiers seize power in Burkina Faso as global coup surge continues

Mutinous soldiers in Burkina Faso declared on state television Monday that they had deposed the government, closed the borders and taken control of the country. President Roch Marc Christian Kaboré has reportedly been arrested.

The big picture: This would be the third successful military coup in west Africa in eight months, after juntas took power last year in Guinea and in neighboring Mali.