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Former Deputy Attorney General Rod Rosenstein. Photo: Chip Somodevilla/Getty Images

Former Deputy Attorney General Rod Rosenstein has been scheduled to testify before the Senate Judiciary Committee on June 3 as part of the Republican-led inquiry into the origins of the Russia investigation, the panel announced Wednesday.

Why it matters: Rosenstein is the first witness slated to testify in the committee's investigation. After President Trump fired FBI director James Comey in 2017, Rosenstein appointed special counsel Robert Mueller to investigate Russian interference and any potential coordination with the Trump campaign.

  • Rosenstein oversaw the investigation until acting Attorney General Matthew Whitaker was appointed in November 2018. Rosenstein stepped down in May of last year.

What he's saying: Rosenstein confirmed in a statement that he has accepted the invitation to testify about "information that has come to light concerning the Foreign Intelligence Surveillance Act process and the FBI’s counterintelligence decision-making."

  • "Independent law enforcement investigations, judicial review, and congressional oversight are important checks on the discretion of agents and prosecutors," Rosenstein said.
  • "We can only hope to maintain public confidence if we correct mistakes, hold wrongdoers accountable, and adopt policies to prevent problems from recurring."

The big picture: Senate Judiciary Chair Lindsey Graham (R-S.C.) has said his committee will debate and vote on June 4 on a broad subpoena authorization that would allow him to compel testimony from Obama-era officials as part of the investigation into potential misconduct. Graham plans to issue a final report before the November election.

Go deeper

Updated Aug 31, 2020 - Politics & Policy

Appeals panel tosses House lawsuit to enforce McGahn subpoena

Don McGahn. Photo: Alex Wong/Getty Images

A D.C. Circuit Court of Appeals panel ruled 2-1 on Monday that House Democrats do not have the legal authority to enforce a subpoena against former White House counsel Don McGahn.

Why it matters: The majority opinion deals a severe blow to the House's investigative power, ruling that Congress must pass a law in order to enforce subpoenas in court. House Democrats on Monday immediately said they would appeal the decision and ask the full appeals court to rehear the case.

Fed: Rate hikes "will soon be appropriate"

The Federal Reserve's headquarters building. Photo: Anna Moneymaker/Getty Images

Federal Reserve officials expect "it will soon be appropriate" to raise the central bank's main target interest rate, setting the stage for a rate hike at its next meeting in mid-March.

Driving the news: In a statement following a two-day meeting published Wednesday afternoon, however, the policy-setting Federal Open Market Committee teed up its next move without taking new action.

How long it’s taken to confirm Supreme Court justices

Expand chart
Data: Axios research, U.S. Supreme Court, Supreme Court Historical Society; Chart: Jacque Schrag/Axios

It takes a U.S. president an average of 70 days from the date a Supreme Court seat is vacated to nominate a replacement, according to data from the Supreme Court Historical Society.

Why it matters: With news outlets reporting liberal Supreme Court Justice Stephen Breyer's plans to retire, Democrats will be looking to confirm President Biden's nominee with enough time to refocus the national political debate ahead of the midterms.