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Hunter Biden (L) with President-elect Biden (R). Photo: Jim Watson/AFP via Getty Images

Hunter Biden announced on Wednesday that his taxes are under investigation by the U.S. Attorney's Office in Delaware.

Why it matters: The president-elect's son's foreign business dealings came under scrutiny during the presidential campaign. He said in a statement that he was "confident" the investigation would show no wrongdoing.

  • President Trump's attempts to investigate Hunter Biden's foreign business dealings have been a central line of attack by Trump and his allies.

What they're saying: Hunter Biden wrote in a statement, "I take this matter very seriously but I am confident that a professional and objective review of these matters will demonstrate that I handled my affairs legally and appropriately, including with the benefit of professional tax advisors."

  • The Biden-Harris presidential transition team wrote in an accompanying statement: "President-elect Biden is deeply proud of his son, who has fought through difficult challenges, including the vicious personal attacks of recent months, only to emerge stronger."

Go deeper

Mike Allen, author of AM
23 hours ago - Politics & Policy

What business wants from Biden

Illustration: Sarah Grillo/Axios

Top corporate leaders tell me President-elect Biden's Cabinet and West Wing picks appear to be animated more by competence than by ideology, making business optimistic about working with the new administration.

Why it matters: Biden will probably ultimately raise the taxes of these CEOs and other executives. But after the Trump years, what CEOs really want is a government that functions and that they can deal with comfortably.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: CDC director defends agency's response to pandemic — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Biden readies massive shifts in policy for his first days in office.
  3. Vaccine: Fauci: 100 million doses in 100 days is "absolutely" doable.
  4. Economy: Unemployment filings explode again.
  5. Tech: Kids' screen time sees a big increase.
  6. World: WHO team arrives in China to investigate pandemic origins.
Dave Lawler, author of World
2 hours ago - World

Alexey Navalny detained after landing back in Moscow

Navalny and his wife shortly before he was detained. Photo: Kirill Kudryavtsev/AFP via Getty

Russian opposition leader Alexey Navalny was detained upon his return to Moscow on Sunday, which came five months after he was poisoned with the nerve agent Novichok. He returned despite being warned that he would be arrested.

The latest: Navalny was stopped at a customs checkpoint and led away alone by officers. He appeared to hug his wife goodbye, and his spokesman reports that his lawyer was not allowed to accompany him.