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Speaker Pelosi holds her weekly news conference on May 23. Photo: Mark Wilson/Getty Images

There may not be another Democrat in the country, besides Speaker Pelosi, who would have had the ability to hold off the rank and file's push to impeach President Trump.

The state of play: The view on the Hill seems to be that if Pelosi puts her foot down and says "no" to impeachment, then there’s no chance House Judiciary Chair Jerry Nadler or others will defy her wishes.

Yes, but: The pressure to impeach will keep growing.

  • If Democrats win in court to get Trump’s financial documents, some energy could go out of the impeachment drive.
  • But if Democrats lose in court, it’s going to be extraordinarily difficult to hold off impeachment.

Be smart: Ignore any Democrats who say you can always open an impeachment inquiry, and this doesn’t necessarily mean you’ll impeach Trump.

  • In what universe do you see Democrats opening impeachment — which would be the dominant story in America for the foreseeable future — and then get to the end of it and say: "You know what? He’s kinda clean and legit!"

Go deeper: How an impeachment inquiry could make it easier for Dems to investigate Trump

Go deeper

Dion Rabouin, author of Markets
Updated 3 hours ago - Economy & Business

Our make-believe economy is here to stay

Illustration: Eniola Odetunde/Axios

The Federal Reserve and global central banks are remaking the world's economy in an effort to save it, but have created something of a monster.

Why it matters: The Fed-driven economy relies on the creation of trillions of dollars — literally out of thin air — that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted.

Mike Allen, author of AM
4 hours ago - Politics & Policy

Why Trump may still fire Barr

Photo: Jabin Botsford/The Washington Post via Getty Images

Attorney General Barr may be fired or resign, as President Trump seethes about Barr's statement this week that no widespread voter fraud has been found.

Behind the scenes: A source familiar with the president's thinking tells Axios that Trump remains frustrated with what he sees as the lack of a vigorous investigation into his election conspiracy theories.

Mike Allen, author of AM
4 hours ago - World

Scoop: Trump's spy chief plans dire China warning

Xi Jinping reviews troops during a military parade in Beijing last year. Photo: Thomas Peter/Reuters

Director of National Intelligence John Ratcliffe on Thursday will publicly warn that China's threat to the U.S. is a defining issue of our time, a senior administration official tells Axios.

Why it matters: It's exceedingly rare for the head of the U.S. intelligence community to make public accusations about a rival power.