Dec 3, 2019 - Politics & Policy

Schiff: House panel impeachment probe report to be released Tuesday

House Intelligence Chairman Adam Schiff speaks during the impeachment inquiry on Nov. 15. Photo: Joshua Roberts/Pool/AFP via Getty Images

House Intelligence Committee Chairman Adam Schiff (D-Calif.) told MSNBC's '"The Rachel Maddow Show" the panel will release the panel's impeachment inquiry report to the public Tuesday. But he added, "That's not the end of our investigation."

What he's saying: "Tomorrow night we'll also have a vote to formally transmit the committee report to Judiciary," he told host Rachel Maddow. He added that "even while Judiciary does its work," his committee would be "continuing to issue subpoenas; we're continuing to learn new information."

This is a threat to the integrity of the upcoming election and we don't feel it should wait, in particular when we already have overwhelming evidence of the president's misconduct."

The other side: Republicans on the House committees investigating the Ukraine allegations concluded in a report reviewed by Axios Monday ahead of its formal release that President Trump had committed "no quid pro quo, bribery, extortion, or abuse of power."

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Ina Fried, author of Login
Updated 18 mins ago - Technology

Amazon launches new Alexa-enabled hardware

Amazon's new spherical Echo smart speaker. Screenshot: Axios

Amazon debuted a range of new Ring, Fire TV and Echo hardware on Thursday, including more environmentally sustainable versions of its audio and video gear. Among the products introduced are a cloud gaming service, a home monitoring drone and new spherical designs for its Echo and Echo dot smart speakers.

Why it matters: Amazon, like rivals Google and Apple, typically gives its consumer hardware a launch ahead of the holidays. Apple has already introduced new iPads, while Google has scheduled a Sept. 30 event, where it is expected to debut new audio and video gear, alongside updated Pixel phones.

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Felix Salmon, author of Capital
29 mins ago - Economy & Business

Why money laundering persists

Illustration: Aïda Amer/Axios

2 million suspicious activity reports, or SARs, are filed by banks every year. Those reports are sent to the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN), which has the job of determining whether the reports are evidence of criminal activity, and whether that activity should be investigated and punished.

The catch: FinCEN only has 270 employees, which means that FinCEN is dealing with a ratio of roughly 150 reports per employee per week. So it comes as little surprise to learn that most of the reports go unread, and the activity in them unpunished.

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Felix Salmon, author of Capital
34 mins ago - Economy & Business

The American economic paradox

Illustration: Aïda Amer/Axios

It's the rebound economists didn't see coming.

Why it matters: America did nothing that should have been necessary to really get the economy moving again. We didn't get the coronavirus under control, and we gave up on fiscal stimulus after a single short-lived round of it. Nevertheless, we're about to close out by far the strongest quarter of economic growth in American history.

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