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Former VP Joe Biden pushed back Thursday against allegations from President Trump, saying he had never profited from foreign sources. "Nothing was unethical," Biden told debate moderator Kristen Welker about his son Hunter's work in Ukraine while he was vice president.

Why it matters: Earlier on Thursday, Hunter Biden's former business partner, Tony Bobulinski, released a statement saying Joe Biden's claims that he never discussed overseas business dealings with his son were "false."

The big picture: Trump's attempts to pressure the Ukrainian president to investigate the Bidens ultimately culminated in his impeachment last year in the Democratic-led House and acquittal in the Republican-led Senate.

What they're saying: "With regard to Ukraine, we had this whole question about whether or not, because [Hunter] was on the board, I later learned, of Burisma, a company, that somehow I had done something wrong," Biden said.

  • "Yet every single solitary person when [Trump] was going through his impeachment, testifying under oath who worked for him, said I did my job impeccably. I carried out U.S. policy. Not one single solitary thing was out of line. Not a single thing, number one," he continued.
  • "Number two, the guy who got in trouble in Ukraine was this guy, trying to bribe the Ukrainian government to say something negative about me, which they would not do and did not do, because it never, ever, ever happened."

The other side: Biden in turn accused the president of making money from foreign sources, citing a report in the New York Times that Trump has a secret bank account in China. Trump defended himself, saying he was "a businessman doing business" and claiming the account was closed in 2015 before he became president.

Go deeper

Progressives shift focus from Biden's Cabinet to his policy agenda

Joe Biden giving remarks in Wilmington, Del., last month. Photo: Roberto Schmidt/AFP via Getty Images

Some progressives tell Axios they believe the window for influencing President-elect Joe Biden’s Cabinet selections has closed, and they’re shifting focus to policy — hoping to shape Biden's agenda even before he’s sworn in.

Why it matters: The left wing of the party often draws attention for its protests, petitions and tweets, but this deliberate move reflects a determination to move beyond some fights they won't win to engage with Biden strategically, and over the long term.

Trump's 2024 begins

Trump speaking to reporters in the White House on Thanksgiving. Photo: Erin Schaff - Pool/Getty Images

President Trump is likely to announce he'll run again in 2024, perhaps before this term even ends, sources tell Axios.

Why it matters: Trump has already set in motion two important strategies to stay relevant and freeze out other Republican rivals. 

Dan Primack, author of Pro Rata
9 hours ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

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