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Fox News cut away from a Trump campaign press conference by White House press secretary Kayleigh McEnany on Monday after she baselessly accused Democrats of "welcoming fraud" and "welcoming illegal voting" in the 2020 election.

Why it matters: The Trump campaign is pursuing a likely doomed legal fight to contest the results of the 2020 election based on the president's unfounded claims that widespread voter fraud and mail-in ballots stole the election from him.

The big picture: Georgia's Lt. Gov. Geoff Duncan (R) told CNN on Monday that no "credible incidents" of systemic fraud or voter disenfranchisement had been reported to his office by the state's attorney general or secretary of state. A number of the Trump campaign's lawsuits have already been thrown out of court in several states.

What they're saying: "There is only one party in America trying to keep observers out of the count room. And that party, my friends, is the Democrat Party," McEnany claimed.

  • "You take these positions because you are welcoming fraud and you are welcoming illegal voting."
  • Fox News' Neil Cavuto interrupted the broadcast and said: "Whoa, whoa, whoa ... Unless she has more details to back that up, I can't in good countenance continue showing this."

He added: "I want to make sure that maybe they do have something back that up. But that's an explosive charge to make, that the other side is effectively rigging and cheating. If she does bring proof of that, we will take you back."

  • "So far, she started saying right at the outset, welcoming fraud, welcoming illegal voting. Not so fast."

Go deeper

Updated Jan 25, 2021 - Politics & Policy

Dominion files $1.3 billion defamation lawsuit against Rudy Giuliani

Photo: Rey Del Rio/Getty Images

Dominion Voting Systems filed a defamation lawsuit against Rudy Giuliani on Monday seeking $1.3 billion in damages for his "demonstrably false” allegations about the company's voting machines.

Why it matters: Giuliani led former President Trump's efforts to overturn the results of the election and spread the baseless conspiracy theory that Dominion's voting machines flipped votes from Trump to Joe Biden.

Fed chair says low interest rates aren't driving stock market prices

Jerome Powell. Photo: ANDREW CABALLERO-REYNOLDS / Getty Images

Federal Reserve chairman Jerome Powell told reporters on Wednesday that rock-bottom interest rates aren't playing a role in driving stock prices higher, while noting that vulnerabilities to the financial system are "moderate."

Why it matters: The statement comes amid unshakeable stock prices and a Reddit-fueled market frenzy — prompting widespread fears of a bubble and the role monetary policy has played in that.

2 hours ago - World

Biden freezes U.S. arms deals with Saudi Arabia and UAE

Trump struck several large arms deals with Mohammed bin Salman (L) and Saudi Arabia. Photo: Kevin Dietsch-Pool/Getty Images

The Biden administration has put on hold two big arms deals with Saudi Arabia and the United Arab Emirates which were approved in the final weeks of the Trump administration, a State Department official tells Axios.

Why it matters: The sales of F-35 jets and attack drones to the UAE and a large supply of munitions to Saudi Arabia will be paused pending a review. That signals a major policy shift from the Trump era, and may herald sharp tensions with both Gulf countries.