Jan 21, 2018

No deal after McConnell-Schumer shutdown meeting

Sens. Mitch McConnell and Chuck Schumer at Bob Dole's Congressional Gold Medal ceremony last week. Photo: Al Drago, Pool / Getty Images

A bipartisan Senate leadership meeting this evening between Mitch McConnell and Chuck Schumer ended without a deal to end the government shutdown, per CNN's Manu Raju. There's still hope for a deal before tonight's scheduled 1 a.m. vote, but the main sticking points continue to be the length for any potential continuing resolution to fund the government — three weeks seems most palatable for Republicans — and a firm commitment by GOP leadership for a vote on DACA.

Sen. Lindsey Graham's take, per BuzzFeed News' Emma Loop, as he has frequently held court with reporters today: ""I think what Sen. McConnell's going to say is that if nobody else moves on immigration, the Senate's going to move on immigration and I think that will break the dam in terms of getting support."

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Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.