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J Scott Applewhite / AP

Bloomberg's Eli Lake has a revealing account of his interactions this past week with House Intelligence chair Devin Nunes.

Here's the key section of Lake's piece:

Last week, the chairman of the House Intelligence Committee, Representative Devin Nunes, announced dozens of intelligence reports that inappropriately included details on President Donald Trump's transition. This week, he told me that his source for that information was an intelligence official, not a White House staffer.

It turns out, he misled me. The New York Times reported Thursday that Nunes had two sources, and both worked for the White House. This distinction is important because it raises questions about the independence of the congressional investigation Nunes is leading, which may lead to officials at the White House.

The chairman told me Thursday that elements of the Times story were inaccurate. But he acknowledged: "I did use the White House to help to confirm what I already knew from other sources." This is a body blow for Nunes, who presented his findings last week as if they were surprising to the White House.

Why this matters: Nunes still insists he can oversee an independent investigation that covers the Trump campaign and Russia, but that assertion is losing credibility by the day. Lake, an influential foreign policy columnist, had given Nunes the benefit of the doubt. Nunes burned him and is running out of allies on Capitol Hill.

Where's Paul Ryan on this? For now at least, Ryan is sticking by Nunes. On Thursday evening I asked his spokeswoman AshLee Strong if the Speaker had changed his view on the need for Nunes to recuse himself. "The Speaker doesn't know the source of the disclosure to Chairman Nunes," she replied via email. "I'd refer you to the committee for more. As the Speaker said this morning, the chairman has his full confidence."

Go deeper

Job gains slow sharply as U.S. adds 210k jobs in November

Photo: Joe Raedle/Getty Images

The U.S. economy added 210,000 jobs in November, while the unemployment rate plummeted to 4.2% from 4.6%.

Why it matters: Job gains slowed sharply, but the labor market recovery remains on track.

Elon Musk's mega-billion bounty

Photo: Patrick Pleul/picture alliance via Getty Images

Here's how insanely rich Elon Musk is: He has unloaded $10 billion of his stock in the past month — and could do that 15+ more times given his silos of shares.

Ina Fried, author of Login
3 hours ago - Technology
Column / Signal Boost

Huawei sanctions snarled chip supply chains

Illustration: Sarah Grillo/Axios

The largely successful U.S. effort to hobble China's Huawei has benefitted a host of other tech companies — from smartphone makers such as Apple and Xiaomi to chipmakers like Qualcomm to network vendors including Nokia and Ericsson.

Yes, but: The massive disruption to the industry furthered an industry wide mismatch between supply and demand, exacerbating the global chip shortage.

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