Erik Schelzig / AP

Republican Rep. Trey Gowdy recently said he "would not be the right person" to replace James Comey as FBI director — perhaps because he's reportedly expected to take Jason Chaffetz's House Oversight Committee chairman position, per Politico.

Why now: Chaffetz is leaving Congress in June and will not seek re-election, as he's reportedly going to assume an on-air role at Fox News. In his absence, the committee will need a new chairman for the high-profile position, and various members of the House Steering Committee panel (which decides the chairmanship) told Politico Gowdy could "easily" win this position.

Why it matters: Gowdy led the investigation into the Benghazi attacks, and if selected as chairman, he would lead the investigation into whether Trump encouraged James Comey to drop the investigation into Michael Flynn's possible collusion with Russia.

Go deeper

29 mins ago - Politics & Policy

House prepares to pass revised COVID relief bill as White House talks hit roadblock

Schumer and Pelosi. Photo: Alex Wong/Getty Images

The House is planning to move ahead Thursday with Democrats' revised $2.2 trillion coronavirus relief bill as 11th-hour negotiations with the White House continue.

The latest: House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke by phone at 1 p.m. Thursday, following a 90-minute meeting on Capitol Hill Wednesday — the first in-person meeting between the two since August, when negotiations stalled. The two plan to speak again later this afternoon, according to a Pelosi aide.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

How equity became more attractive than debt

Illustration: Annelise Capossela/Axios

The prime example of something highly improbable that became conventional wisdom: The idea that both interest rates and inflation will remain near zero for well over a decade.

Why it matters: As Axios' Dan Primack writes, private equity firms (the polite rebranding of "leveraged buyouts") have historically bought companies and loaded them up with debt.

Felix Salmon, author of Capital
2 hours ago - World

When society faces the unprecedented

Illustration: Aïda Amer/Axios

Our febrile world is not normal.

The big picture: The precautions that we're taking against the spread of COVD-19; the way in which the president of the U.S. delights in violating political norms; the fires, hurricanes and other signs that catastrophic global warming has arrived; the virulent spread of the QAnon conspiracy theory — all of these things, and many more, represent a stunning break with the world as we knew it.

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