May 9, 2019

Pelosi: Trump has created a "constitutional crisis" over the Mueller report

House Speaker Nancy Pelosi said she agrees with Judiciary Chairman Jerry Nadler's claim yesterday that the U.S. is in a "constitutional crisis" over the White House's stonewalling of congressional oversight, telling reporters: "The administration has decided they are not going to honor their oath of office."

The backdrop: The House Judiciary Committee voted Wednesday to hold Attorney General Bill Barr in contempt for refusing to comply with a subpoena demanding the release of the full Mueller report and its underlying materials. In response, the White House said it would assert executive privilege over the subpoenaed documents.

The big picture: On the question of impeachment, Pelosi demurred, as she has in the past: "Impeach or nothing? No, it's not that. It’s a path that is producing results and gathering information, and some of that information is that this administration wants to have a constitutional crisis because they do not respect the oath of office."

  • She added: "It's appalling this administration would not even pretend to want to protect our elections and in fact be an obstacle to our finding out about how it happened... the president is almost self-impeaching because he is every day demonstrating more obstruction of justice."

What's next: Pelosi said she will bring Barr's contempt of Congress resolution to the floor when they are ready. "We'll just see because there might be some other contempt of Congress issues that we want to deal with at the same time," she said.

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Trump lashes out at governors, urges them to "dominate" protesters

President Trump berated the nation’s governors in a video teleconference call Monday, calling many of them "weak" and demanding tougher crackdowns on the protests that erupted throughout the country following the killing of George Floyd, according t multiple reports.

The big picture: Trump blamed violence on the "the radical left" and told the governors, who were joined by law enforcement and national security officials, that they have to "dominate" protesters and "arrest people" in order to bring an end to the unrest.

2 hours ago - World

Putin sets referendum that could allow him to rule until 2036 for July 1

Putin has not seemed to enjoy governing by video conference. Photo: Alexey Nikolsky/Sputnik/AFP via Getty Images

Russian President Vladimir Putin has set July 1 as the new date for a constitutional referendum that could allow him to remain in power through 2036.

Why it matters: Putin was forced to delay the referendum from April due to the coronavirus pandemic, and has set the date despite Russia's continued struggles to contain its outbreak. Putin's popularity has fallen in recent weeks amid his response to the pandemic and its economic repercussions.

A busy week for IPOs despite upheaval from protests and pandemic

Illustration: Eniola Odetunde/Axios

This week is expected to be the busiest for U.S. IPOs since February, with Warner Music leading a group of four companies that could raise over $3 billion.

Why it matters: This shouldn't be happening, under any traditional rubric for how markets work.