Photo: Drew Angerer/Getty Images

A spokesman for Sen. Chuck Grassley, Republican chairman of the Senate Judiciary Committee, called Sen. Dianne Feinstein's decision to release the transcript of Glenn Simpson's testimony "totally confounding."

"Her action undermines the integrity of the committee's oversight work and jeopardizes its ability to secure candid voluntary testimony relating to the independent recollections of future witnesses," spokesman Taylor Foy wrote in a statement.

Sen. John Cornyn, who also serves on the Senate Judiciary Committee, said he thinks Grassley "has a point" and understands his concerns. But he broke with his Republican colleague, saying the release of the transcript would bring "more transparency" with respect to "the relationship between Fusion GPS and the people who paid for that opposition research.”

Why it matters: The investigation is not over. Feinstein's unilateral decision was made as the committee is still trying to secure testimonies from other witnesses — including Jared Kushner.

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.