Jun 11, 2019

Pelosi: House Democrats "not even close" to supporting impeachment

House Speaker Nancy Pelosi told CNN's Manu Raju on Tuesday that the numbers in the Democratic caucus "are not even close" to move forward with impeaching President Trump, and that victories in court and concessions from the Justice Department on the Mueller report should be satisfying to Democrats.

RAJU: "If a majority of your caucus wants to go forward with an impeachment inquiry, would you go forward?"
PELOSI: "It's not even close in our caucus."
RAJU: "But eventually?"
PELOSI: "Why are we speculating on hypotheticals. What we're doing is winning in court. We won a victory getting the documents from the Justice Department today, for fear of further going to court, although we're still going to hold the attorney general in contempt today. ... Nothing is as divisive in our country, in my view, than impeachment."

Why it matters: Pelosi's stance has been unwavering, and even if more House Democrats support impeachment than have said so publicly, the caucus will not move forward unless they have the speaker's approval.

Go deeper: The House impeachment whip list

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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.