Former Vice President Joe Biden, in an interview with "Axios on HBO," promised to prohibit his son Hunter, and other family members, from cashing in on his name and position overseas if he wins the presidency. 

Why it matters: Questions may intensify as impeachment proceedings against President Donald Trump move to the Senate and the Iowa caucuses approach. Biden already has drawn scrutiny for allowing his son to get paid handsomely by a Ukrainian business while the VP led the Obama administration's anti-corruption push in Ukraine.

The big question: Will Biden move away from a posture of defending his son's honor to acknowledge and address legitimate concerns about his own judgment among some Democrats and swing voters?

  • Biden told Axios' Mike Allen that Hunter did nothing wrong — but that he has not dug into what Hunter actually did while working in Ukraine.
  • “I don't know what he was doing. I know he was on the board. I found out he was on the board after he was on the board and that was it,” Biden told us. 
  • Asked whether he wants to get to the bottom of it, Biden said, "No. Because I trust my son."

Biden said his family will be banned from making money overseas if he wins, faulting the president's family members' government and business conflicts of interests — not Hunter’s work — for the need for a formal guardrail. 

  • “They will not be engaged in any foreign business because of what's happened in this administration.”

Axios' Alexi McCammond, who spent time on Biden's Iowa bus tour this week, said after he called a man a "damn liar" at one event for making unsubstantiated claims about Hunter's work, Biden told reporters the next day that he "probably shouldn't have challenged him to pushups" and doesn't want to stoop to Trump's level in terms of engagement with critics.

Go deeper:

Go deeper

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

Investors are betting the future is priced in euros

Illustration: Aïda Amer/Axios

It's the euro's time now — at least that's how investors have been positioning recently.

What's happening: Speculators have raised their bets to the highest in nine years that the dollar will fall and increased bullish bets that the euro will rise to the highest level on record, Reuters reported citing data from the CFTC.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 7 a.m. ET: 20,317,087 — Total deaths: 742,035— Total recoveries: 12,602,544Map.
  2. U.S.: Total confirmed cases as of 7 a.m. ET: 5,141,879 — Total deaths: 164,545 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. States: Georgia reports 137 coronavirus deaths, setting new daily record Florida reports another daily record for deaths.
  4. Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. Sports: Big Ten and Pac 12 scrap fall footballMLB salaries at 37%
  7. World: Lebanon reported record new cases as UN warned blast may drive spike — Fauci "seriously" doubts Russia's coronavirus vaccine is safe
Mike Allen, author of AM
2 hours ago - Politics & Policy

3 keys to Joe Biden picking Kamala Harris

Photo: Jeff Kowalsky/AFP via Getty Images

Three quick points about Joe Biden's historic selection of Sen. Kamala (pronounced COMMA-luh) Harris of California as his running mate — and clues they give us to how Biden would govern:

  1. She was always at the top of his list. As I look back through my text threads with top Dems over the past five months, she was always assumed to be the most likely pick.