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Why it matters: Schiff serves as ranking member on the House Intelligence Committee, which voted Monday to release a controversial FISA memo written by chairman Devin Nunes. Last night after the State of the Union address, TV cameras caught President Trump telling Rep. Jeff Duncan that he "100 percent" supports releasing the memo.

Highlights:

  • On the Nunes memo: "When I asked to have FBI officials come in to talk about the memo's lack of context, sources and methods, and underlying documents, GOP members voted on party lines against being informed ... This is not about the facts. This is about a misleading narrative that the chairman wants to put out to undermine the FBI and Robert Mueller."
  • Schiff's last-minute appearance: Schiff was able to join today's Axios News Makers since Steve Bannon’s appearance in front of the House Intelligence Committee was postponed. The hearing will remain delayed while Bannon's counsel coordinates his invocation of executive privilege with White House lawyers.
    • “There may be a limited and specific executive privilege for certain conversations with [the president] ... but refusal to talk about a whole period is unprecedented,” Schiff said.
  • The likelihood of a constitutional crisis: "I'm not sure, but what the House is doing right now makes it more likely, not less."
  • Facebook, Twitter and Google's cooperation: "I wouldn't say they've been fully cooperative ... Facebook executives committed to providing us with redacted ads after they were scrubbed of personal identifying information. That still hasn’t happened."

Go deeper

Updated 32 mins ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Concerns grow over CDC's isolation guidelines — Experts warn of more COVID-19 variants after Omicron.
  2. Vaccines: America's vaccination drive runs out of gas — Puerto Rico expands booster shot requirements.
  3. Politics: Joint Chiefs chair Gen. Mark Milley tests positive for COVID-19 — Vivek Murthy calls SCOTUS vaccine mandate block "a setback for public health."
  4. Economy: Report: World's 10 richest men doubled wealth during pandemicAmerica's labor shortage is bigger than the pandemic.
  5. States: America struggles to keep schools open — Youngkin ends mandates for masks in schools and COVID vaccinations for state workers.
  6. World: Greece imposes vaccine mandate for people 60 and older — French parliament passes COVID vaccine passport legislation.
  7. Variant tracker

Joint Chiefs chair Gen. Mark Milley tests positive for COVID-19

Photo: Olivier Douliery - Pool/Getty Images

Mark Milley, chairman of the Joint Chiefs of Staff, tested positive for COVID-19 on Sunday.

State of play: Joint Staff spokesperson Col. Dave Butler said in a statement that Milley — who is fully vaccinated and has received a booster shot — is experiencing "very minor symptoms" and is "working remotely and isolating himself."

Momentum builds to ban lawmakers from trading stocks

Illustration: Sarah Grillo/Axios

Some progressive Democrats and MAGA Republicans are uniting on a proposal to ban sitting lawmakers from trading individual stocks, although it's unlikely that leadership will bring the bill up for a vote.

Why it matters: Members of Congress have great power to move stock prices, and great financial incentives to do so.