Apr 30, 2020 - Politics & Policy

Pelosi says she's "satisfied" with how Biden has responded to Reade allegations

House Speaker Nancy Pelosi defended Joe Biden on Thursday against allegations of sexual assault by former Senate staffer Tara Reade, saying she's "satisfied" with how he has responded to the controversy and that she believes his denial.

Why it matters: While Biden's campaign has issued a statement saying that the alleged assault "absolutely did not happen," Biden has not personally addressed the allegations. Pelosi, along with a number of prominent Democrats who have endorsed Biden, has not directly addressed an on-the-record account from a former neighbor of Reade who says she told her about the alleged assault in 1995 or 1996.

The exchange:

PELOSI: "I have great sympathy for any women who bring forth an allegation. I'm a big strong supporter of the #MeToo movement. I think it has been a great -- made a great contribution to our country. And I do support Joe Biden. I'm satisfied with how he has responded. I know him, I was proud to endorse him on Monday, very proud to endorse him. And so I'm satisfied with that."
CNN's CAMEROTA: "I mean, he hasn't, to be clear, he hasn't addressed it, his campaign has addressed it, but he has not directly addressed it. Should he directly publicly address it?"
PELOSI: "You know, it is a matter that he has to deal with. But I am impressed with the people who work for him at the time saying that absolutely never heard one iota of information about this, nobody ever brought forth a claim or had anybody else tell them about such a claim. But, again, we have an important election at hand, one that is, I think, one of the most important ones we had."

Go deeper ... Timeline: Tara Reade's sexual assault allegations against Joe Biden

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Mark Zuckerberg: Social networks should not be "the arbiter of truth"

Photo: Drew Angerer/Getty Images

Facebook CEO Mark Zuckerberg argued on CNBC's "Squawk Box" Thursday that social media platforms should not police political speech, and that "people should be able to see what politicians say.”

Why it matters: Zuckerberg was responding to Twitter's decision this week to fact-check a pair of President Trump's tweets that claimed that mail-in ballots are "substantially fraudulent." Twitter's label, which directs users to "get the facts" about mail-in voting, does not censor Trump's tweets.

House Democrats pull FISA reauthorization bill

Speaker Nancy Pelosi. Photo: Saul Loeb/AFP via Getty Images

House Democrats pulled legislation Thursday that would have renewed expired domestic surveillance laws and strengthened transparency and privacy protections amid broad opposition from President Trump, House GOP leadership and progressive Democrats.

Why it matters: The failure to reauthorize the Foreign Intelligence Surveillance Act (FISA) comes as Trump continues to attack the intelligence community, which he claims abused the law to surveil his 2016 campaign and Trump administration officials.

U.S. GDP drop revised lower to 5% in the first quarter

Data: Bureau of Economic Analysis; Chart: Axios Visuals

The U.S. economy shrunk by an annualized 5% in the first quarter — worse than the initially estimated 4.8% contraction — according to revised figures released by the government on Thursday.

Why it matters: It's the worst quarterly decline since 2008 and shows a huge hit as the economy was just beginning to shut down because of the coronavirus. Economists are bracing for the second quarter's figures to be the worst ever — with some projecting an annualized decline of around 40%.

3 hours ago - Economy & Business