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Photo: Alex Edelman/Getty Images

Sen. Susan Collins (R-Me.) announced Tuesday that she will vote to acquit President Trump in his impeachment trial, despite believing that the president's actions toward Ukraine “demonstrated very poor judgment.”

Why it matters: The moderate senator was thought to be among the likeliest of the Republicans to vote to convict Trump. Her decision to acquit Trump means Sen. Mitt Romney (R-Utah) is Democrats' last chance for a bipartisan conviction vote.

What she's saying: "It was wrong for President Trump to mention former Vice President Biden on that phone call and wrong for him to ask a foreign country to investigate his political rival," Collins said. But she added that "impeachment of a president should be reserved for conduct that poses such a serious threat" to government institutions.

  • "I do not believe the House has met its burden of showing the president's conduct warrants the extreme step of removing him from office," Collins said.

Collins said in an interview with The CBS Evening News that she believes Trump has "learned his lesson" about seeking foreign election interference, despite the president's continued insistence that he did nothing wrong.

Go deeper: Live impeachment updates

Go deeper

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.