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Photo: Brent Stirton/Getty Images

Matthew Greene, a self-proclaimed member of the Proud Boys, pleaded guilty on Wednesday to conspiracy and obstruction for his role in the deadly Jan. 6 Capitol riot.

Why it matters: The 34-year-old is the first known member of the far-right group to plead guilty in federal court in connection to the riot. Several others affiliated with the Proud Boys have been charged.

  • "The plea is significant because Matthew Greene ... admitted coordinating with other members of the extremist group at the front of the Capitol mob, although there is no evidence he actually entered the building," the Washington Post writes.
  • Greene's sentencing is slated for March 10, according to the Justice Department. He will remain in custody ahead of sentencing.

What they're saying: "Greene's intent in conspiring with others to unlawfully enter the restricted area of the Capitol grounds was to send a message to legislators and Vice President Pence," according to court documents.

  • "Greene intended to affect the government by stopping or delaying the Congressional proceeding, and in fact, did so," the documents added.

Background: Greene marched from the Washington Monument to the Capitol, where he was among the first to cross a downed police line, per court documents.

  • At the time of the attack, Greene was a "first-degree member" of Proud Boys and had decided to travel to Washington, D.C., after reading a tweet from former President Donald Trump "referencing a 'wild' protest," authorities said.

Go deeper

Pence: "Tragic" Jan. 6 no reason to scrap filibuster

Photo: Drew Angerer via Getty Images

Former Vice President Mike Pence on Friday called the Jan. 6 Capitol riot an attempt to "overturn results of the presidential election that had been certified by all 50 states."

Why it matters: Though the former vice president's op-ed in the Washington Post focuses on rebutting filibuster reforms, these are also the most public statements Pence has made about the post-election narrative and the attack as an effort to interfere with President Biden's victory.

Why the Fed might want to jolt the markets

Fed chair Jerome Powell at a hearing earlier this month. Photo: Brendan Smialowski-Pool/Getty Images

So far, financial markets are cooperating nicely with the Federal Reserve's efforts to restrain inflation. They're doing the Fed's work for it by creating tighter financial conditions, in a distinctly non-panicky way.

  • But as the central bank's policymakers meet this week, an underlying question they face is whether the adjustment is happening too slowly.
Kate Marino, author of Markets
2 hours ago - Economy & Business

Omicron outbreaks were bad for business in January

Data: New York Federal Reserve Bank; Chart: Axios Visuals

Emerging anecdotal evidence shows just how hard the recent rise in COVID-19 cases hit businesses in early January — but that hasn't hurt some business leaders’ longer-term views of their companies' prospects.

Why it matters: Increasingly, the economic recovery has come in fits and starts that move in tandem with new peaks in cases. Look no further than the thousands of canceled flights and shuttered Broadway theaters in the wake of the Omicron variant's spread over the last few months.