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Treasury Secretary Steve Mnuchin and House Financial Services chair Maxine Waters. Photos: Eitan Abramovich; Pete Marovich via Getty Images

The Treasury Department missed a Tuesday deadline to hand over documents to the House Financial Services Committee explaining its decision to ease sanctions on companies owned by Russian oligarch Oleg Deripaska, Politico reports.

The big picture: The Trump administration's decision to drop sanctions on companies owned by Deripaska, an ally of Vladimir Putin and former employer of Paul Manafort, drew bipartisan ire from lawmakers last month. Financial Services chair Maxine Waters spoke to Treasury Secretary Steve Mnuchin Wednesday in an effort to find a "mutually agreeable date" for him to testify before the committee, a Treasury spokesperson told Politico. Mnuchin declined an offer to do so next week, but may face a subpoena if he continues to resist.

Go deeper: Listening for whispers in the court of Putin

Go deeper

Pennsylvania certifies Biden's victory

Photo: Aimee Dilger/SOPA Images/LightRocket via Getty Images

Pennsylvania officials on Tuesday certified the state's presidential election results, making President-elect Joe Biden's win in the key battleground official.

Why it matters: The move deals another blow to President Trump's failed efforts to block certification in key swing states that he lost to Biden. It also comes one day after officials voted to certify Biden's victory in Michigan.

Trump bump: NYT and WaPo digital subscriptions tripled since 2016

Data: Axios reporting and public filings; Chart: Axios Visuals

The New York Times and The Washington Post have very different strategies for building the subscription news company of the future.

The big picture: Sources tell Axios that the Post is nearing 3 million digital subscribers, a 50% year-over-year growth in subscriptions and more than 3x the number of digital-only subscribers it had in 2016. The New York Times now has more than 6 million digital-only subscribers, nearly 3x its number from 2016.

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