Oct 30, 2019

Axios PM

By Mike Allen
Mike Allen

Good afternoon: Today's PM — edited by Justin Green — is 425 words, a 2-minute read.

Situational awareness: Twitter will no longer accept political advertising, CEO Jack Dorsey tweeted, creating a clear contrast with Facebook. Go deeper.

1 big thing: Pelosi's moment

Photo: Alex Edelman/AFP/Getty Images

After nearly three years of holding back her members, House Speaker Nancy Pelosi has been increasingly vocal about the direction of the impeachment process — even if she's not yet a firm yes that it's going to happen.

  • “We have not made any decision to impeach,” Pelosi told columnists earlier this week, according to Ron Brownstein in The Atlantic.
  • But she said they have the evidence: “I do think we have enough. ... We’ve had enough for a very long time … but as long as there is corroboration, we might as well get some more."

Why it matters: Pelosi resisted years of calls for impeachment, starting as far back as early 2017. She also resisted calls to impeach George W. Bush back in the final years of his presidency.

  • This time feels different. “How much drama can the American people handle? ... Where does the law of diminishing returns set in? Where is the value added not worth the time?"

The big picture: While House Democrats have been eager to wrap up before the new year, the WashPost notes, "the surprising number of witnesses agreeing to testify behind closed doors in the Capitol over the past few weeks has extended the timeline."

  • That is of special concern for Senate presidential candidates, who would risk being stuck in D.C. for the trial as the primaries kick off next year.

Go deeper: Impeachment complicates spending fight Republicans don't want

Bonus: Pic du jour
Photo: Wally Skalij/Los Angeles Times via Getty Images

Ronald Reagan's Air Force One sits on display at the Reagan Presidential Library as the Easy Fire burns menacingly in the hills in Simi Valley, California.

2. What you missed
  1. The Fed cut its benchmark interest rate for the third consecutive time this year, by a quarter point, to between 1.5% and 1.75%. Go deeper.
  2. The U.S. economy grew at a 1.9% annualized pace in the third quarter, higher than the 1.6% economists expected. Go deeper.
  3. Chile will no longer host November's Asia-Pacific Economic Cooperation Summit and December's UN global climate summit due to ongoing protests. Go deeper.
  4. Fuel cell maker Bloom Energy went public in July 2018. But Axios' Dan Primack has learned that Bloom itself has a history of playing fast and loose with its numbers. Go deeper.
  5. Sen. Kamala Harris is laying off dozens of her 2020 presidential campaign aides as her campaign faces a cash crunch. Go deeper.
3. 1 insane 🗻 thing
Screenshot: Twitter

Back in September, I told you about Nirmal Purja, the Nepali climber who was attempting to shatter the world record for ascending the world's 14 highest peaks.

  • Yesterday, he finished his quest by summiting Mount Shishapangma in China, which at 26,335 feet is the lowest of the 14 peaks.
  • The previous record was eight years.
  • Purja finished the challenge in six months and six days.
Mike Allen