Apr 3, 2017

Trump can't delete his tweets from history

Evan Vucci / AP

The National Archives and Records Administration has informed the White House that President Trump's tweets must be preserved for history, per the AP. That means even if Trump deletes or corrects his tweets, they must be archived to abide by the Presidential Records Act.

It took a while to figure this one out: Axios repeatedly tried discussing the intricacies of the matter with the NARA in January when it told Axios "social media account handles don't matter, in terms of records," but it dodged the questions repeatedly about what Trump would have to do with deleted tweets. Officials briefed the White House counsel's office about the law February 2.

Note: An official told Axios "any records created during the transition period by the President-elect and the Transition Team are not government records."

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Democrats demand new Russia sanctions over 2020 election interference

Putin and Trump. Photo: Kremlin Press Office/Handout/Anadolu Agency/Getty Images

Senate Democratic leaders will send a letter to Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin on Monday afternoon demanding they sanction Russia — and potentially Russian President Vladimir Putin himself — for attempting to influence the 2020 presidential election.

Why it matters: The letter follows reports that a senior intelligence official briefed Congress that Russia is again interfering in the November election to help Trump. White House national security adviser Robert O'Brien repeatedly rejected that assessment on Sunday, and CNN later reported that the briefer may have overstated the intelligence community's evidence about Russia's goals.

Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.