Sen. Ron Johnson. Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images

Sen. Ron Johnson (R.-Wis.) told the Wall Street Journal that he learned of a possible quid pro quo between the Trump administration and Ukraine's government from EU Ambassador Gordon Sondland.

The big picture: Johnson said that he pressed President Trump on the issue, which allegedly linked the distribution of $400 million in U.S. military aid with a Ukrainian investigation of former Vice President Joe Biden, in an Aug. 31 phone call. "He said ... 'No way. I would never do that. Who told you that?'" Johnson told the Journal of his conversation with the president.

  • Johnson asked the Justice Department earlier this week to look into links between Ukraine and Hillary Clinton's 2016 presidential campaign. His letter questioned the narrative that Biden's actions in Ukraine had nothing to do with his son's connection.
  • However, it was also discovered that he signed onto a 2016 letter that mirrored Biden's work to reform Ukraine's prosecutor general and judiciary.
  • There is no evidence that Biden's reform work in Ukraine was to protect his son's business dealings, as the president and some of his allies allege, or that he committed any form of corruption.

The state of play: Sondland, a Trump political appointee who donated $1 million to the president's inaugural committee, denied that there was a quid pro quo between the Trump administration and Ukraine's government in a series of text messages that former Ukraine special envoy Kurt Volker provided to a group of House committees investigating the Trump-Ukraine matter.

  • "I think it’s crazy to withhold security assistance for help with a political campaign," Bill Taylor, the top U.S. diplomat to Ukraine, texted Sondland.
  • Sondland texted back: "Bill, I believe you are incorrect about President Trump's intentions. The President has been crystal clear no quid pro quo's of any kind."
  • The New York Times reported that Sondland's response came only after he spoke to the president.

Go deeper: House committees release texts from former Ukraine envoy Kurt Volker

Go deeper

Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.