Photo: Rick Diamond/Getty Images

Rep. John Lewis (D-Ga.) on Tuesday endorsed launching impeachment proceedings against President Trump while speaking on the floor of the House.

"The future of our democracy is at stake. I truly believe the time to begin impeachment proceedings against this president has come. To do otherwise would betray the foundations of our democracy."

Why it matters: Lewis is a civil rights icon who has been called "the conscience of the House." He was one of the most influential members to resist endorsing impeachment, and his announcement on Tuesday is likely to open the floodgates for members of the Congressional Black Caucus and other holdouts.

  • After finishing his speech, Lewis reportedly told Politico's Andrew Desiderio that Speaker Nancy Pelosi was aware that his announcement was coming. Pelosi is holding a Democratic caucus meeting on the topic of impeachment later on Tuesday.

Go deeper: Momentum builds among Dems for Trump impeachment

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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 7 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.