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FIle photo of then-National Security Advisor Flynn. Photo: Carolyn Kaster / AP

Michael Flynn's legal team has notified President Trump's lawyers that they are no longer willing to discuss Special Counsel Robert Mueller's investigation, the New York Times reports. Michael Schmidt, the lead reporter on the story, says that's "the clearest indication to date that Flynn is cooperating with Mueller" or is planning to.

Why it matters: We know Mueller struck a deal with George Papadopoulos, a foreign policy adviser to the campaign. A deal with Flynn, who served as Trump's National Security Advisor, could shed light on events both during the campaign and after Trump took office.

A word of caution: "The notification alone does not prove that Mr. Flynn is cooperating with Mr. Mueller. Some lawyers withdraw from information-sharing arrangements as soon as they begin negotiating with prosecutors. And such negotiations sometimes fall apart.

Trump lawyer Ty Cobb to the Times last month:

"[Trump] likes General Flynn personally, but understands that they have their own path with the special counsel. I think he would be sad for them, as a friend and a former colleague, if the process results in punishment or indictments. But to the extent that that happens, that's beyond his control."

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.