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Lazaro Gamio / Axios

James Comey's firing is raising questions about what will happen with the FBI's Russian investigation, while the Senate Intelligence Committee is signaling its probe is moving full steam ahead. Here's what we know:

Russian interference in the 2016 presidential election

  • Wikileaks published emails stolen from Democratic officials and Clinton's campaign chairman John Podesta during the 2016 election.
  • The U.S. intelligence community concluded that Vladimir Putin had ordered the hacking to undermine Hillary Clinton and to help Donald Trump.
  • The Office of the Director of National Intelligence issued a public report on its findings in January, and the conclusion was backed by the FBI, the CIA and NSA.

Where the investigation stands

  • On March 20, FBI Director James Comey confirmed that the FBI has been investigating Russian interference in the election since July, and noted that the probe could take months to complete.
  • Comey also revealed that the FBI was investigating whether anyone associated with Trump's campaign colluded with Russia, as well as if any current administration officials have ties to the Kremlin.
  • CNN reported Tuesday that federal prosecutors had issued subpoenas to the associates of former National Security Adviser Michael Flynn, requesting their business records as part of the ongoing investigation.
  • Trump announced Tuesday night that he was firing Comey on the recommendation of Attorney General Sessions and Deputy AG Rod Rosenstein.

Where the Senate Intelligence Committee's investigation stands

  • The Senate Intelligence Committee is conducting its own investigation into Russia meddling in the election and potential ties between the Trump team and Russia.
  • Following Comey's ouster, GOP Sen. Richard Burr — chairman of the Senate Intelligence Committee — said his panel's probe into Russia's role in the election will move forward.
  • The committee has asked Comey to testify next Tuesday on the status of the FBI's Russia investigation at the time of his firing.
  • The committee issued Flynn a subpoena on Wednesday for documents relevant to the Russia probe.

The Russia links

  • Axios' Stef Kight has listed the six key players in Trumpworld with known dealings with Russian officials.

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.