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Billionaire philanthropist Robert Smith's tax fraud roils Vista Equity

Robert Smith's admission to tax fraud has done more than just cost him a whopping $140 million. It's also roiled Vista Equity Partners, the private equity firm he founded and leads, with some insiders and limited partners feeling they were misled (or left in the dark) about the extent of Smith's legal troubles.

Behind the scenes: Smith called a virtual meeting of Vista's managing directors and other top staffers on Wednesday, to discuss details of his settlement. A source says he called the overall experience "humbling" and that he regretted the "undue burden" that his actions had put on others, including some Vista colleagues.

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AOC says it's "extremely important" that Biden offer Bernie Sanders a Cabinet position

Rep. Alexandria Ocasio-Cortez (D-N.Y.) said on CNN's "State of the Union" Sunday that she believes it's "extremely important" that Joe Biden offer Sen. Bernie Sanders and other progressive leaders Cabinet positions if he's elected president.

The big picture: Ocasio-Cortez was pressed repeatedly on policy differences between her and the more moderate Biden, including her opposition to fracking and support for Medicare for All. She responded that it would be a "privilege" and a "luxury" to be able to lobby a Biden administration on progressive issues, insisting that the focus right now should be on winning the White House.

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Trump campaign to run election night war room on White House grounds

The Trump campaign will run itselection night war room at the Eisenhower Executive Office Building, located steps from the West Wing, the Trump campaign confirmed to Axios.

Why it matters: The decision to move the main political operation from the campaign's headquarters in Rosslyn, Va., to the White House complex is the latest example of the Trump administration blurring the lines between governing and political activity.

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Mitch McConnell says he will vote to acquit Trump in second impeachment trial

Senate Minority Leader Mitch McConnell (R-Ky.) told his fellow Senate Republicans in an email that he will vote to acquit former President Trump in his impeachment trial for inciting the deadly U.S Capitol riot on Jan. 6, two sources familiar with the email told Axios.

Why it matters: McConnell's acquittal vote will likely shrink the number of Republicans who considered voting to convict Trump in his second impeachment trial, making a conviction on the House's single charge of "incitement of insurrection" unlikely.

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