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Jeffrey Epstein's money trail

Jeffrey Epstein died more than a year ago, but the investigation into how he made his money is heating up. The latest is a New York Times report that private equity titan Leon Black might have paid Epstein to up $75 million over the years, which is much more than was previously disclosed.

Axios Re:Cap goes deeper with Matthew Goldstein, a New York Times business reporter who co-authored today's story.

Go deeper

Dan Primack, author of Pro Rata
Oct 28, 2020 - Economy & Business

Joe Biden's private equity plan

Illustration: Sarah Grillo/Axios

We're less than one week away from the election, and hopefully less than one month away from knowing who won the election. In the interim, private equity investors are beginning to contemplate life under a President Biden.

The big picture: Biden would be worse for private equity than President Trump, at least from a structural tax perspective.

Go deeper (2 min. read)Arrow
Glen Johnson
1 min ago - Politics & Policy

The Biden protection plan

Joe Biden announces his first run for the presidency in June 1987. Photo: Howard L. Sachs/CNP/Getty Images

The Joe Biden who became the 46th president on Wednesday isn't the same blabbermouth who failed in 1988 and 2008.

Why it matters: Biden now heeds guidance about staying on task with speeches and no longer worries a gaffe or two will cost him an election. His staff also limits the places where he speaks freely and off the cuff. This Biden protective bubble will only tighten in the months ahead, aides tell Axios.

Go deeper (1 min. read)Arrow
Kadia Goba
1 min ago - Politics & Policy

Bush labels Clyburn the “savior” for Democrats

House Majority Whip James Clyburn takes a selfie Wednesday with former President George W. Bush. Photo: Patrick Semansky-Pool/Getty Images

Former President George W. Bush credited Rep. James Clyburn with being the "savior" of the Democratic Party, telling the South Carolinian at Wednesday's inauguration his endorsement allowed Joe Biden to win the party's presidential nomination.

Why it matters: The nation's last two-term Republican president also said Clyburn's nod allowed for the transfer of power, because he felt only Biden had the ability to unseat President Trump.

Go deeper (<1 min. read)Arrow