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The issue:

Donald Trump has claimed repeatedly that millions of fraudulent votes were cast in the 2016 election, possibly denying him a popular-vote win.

The facts:

Washington Post research into voter fraud during the 2016 election found four confirmed instances.

(function () { var attempt = 0, init = function(){ if (window.pym) { var pymParent = new pym.Parent("g-voter-fraud-01-box", "https://graphics.axios.com/2017-01-26-voter-fraud/voter-fraud-01.html", {}); } else if (attempt++ < 40) { setTimeout(init, 50); } }; init(); })();

Data: electproject.org, Washington Post; Chart: Andrew Witherspoon / Axios

The 2012 Pew report that Trump has cited found many cases of incorrect voter registrations but no instances of fraud.

A 2010 News21 study concluded that almost all cases of voter fraud allegations turned out to be clerical errors or mistakes, not fraud.

Why this matters:

Trump has said he'll sign an executive order to launch a "major investigation" into voter fraud. He's raised it in interviews and in a meeting with Congressional leaders. His press secretary has faced questions over it during the White House briefing. But even the Republican chairman of the House Oversight Committee, Rep. Jason Chaffetz, says he doesn't see "any evidence."

Go deeper

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Screenshot: Fox News

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What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Updated 54 mins ago - Politics & Policy

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President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

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Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.