Richard Drew / AP

Donald Trump's personal lawyer Michael Cohen is now a focus of Congress' Russia investigation, per ABC News.

  • What went down: The House and Senate both asked Cohen "to provide information and testimony" about his Russia contacts, but he shot down their invitation as overly broad. In response, the Senate Intelligence Committee unanimously voted last week to grant its chair, Sen. Richard Burr, and its ranking member, Sen. Mark Warner, the ability to issue subpoenas.
  • Cohen called it a "total fishing expedition" to CNN: "I declined the invitation to participate, as the request was poorly phrased, overly broad and not capable of being answered..."
  • Flashback: Cohen last found himself at the center of a media firestorm earlier this year when he played a substantial part in the still-unverified Steele dossier on Trump's Russia connections, which alleged that he took a trip to Prague to meet with Russian officials.

Update: The Senate Intel committee also wants to hear from Boris Epshteyn, a senior adviser to Trump's campaign, per CBS News.

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.