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Attorney General Jeff Sessions and FBI Director Christopher Wray at Wray's installation ceremony last year. Photo: Chip Somodevilla / Getty Images

There's been a massive plot twist in "FBI v. POTUS," as Rep. Adam Schiff of California, the top Democrat on the House intelligence committee, tweeted at 10 p.m.:

"Discovered late tonight that [Intelligence Committee] Chairman [Devin] Nunes [R-Calif.] made material changes to the memo he sent to White House – changes not approved by the Committee. White House therefore reviewing a document the Committee has not approved for release."

A Nunes statement says there were only "minor edits to the memo, including grammatical fixes and two edits requested by the FBI and by the Minority themselves."

We had been told that President Trump was set to release the memo as soon as today:

  • Staff had viewed it as virtually a done deal.
  • An administration source close to the situation: "The president has been really, really adamant about wanting this to come out ... He wants it out. Full stop."
  • But we're hearing rumblings that there could be an 11th-hour extenuating circumstance, perhaps related to Schiff's tweet.

Be smart: The stunning FBI statement that we told you about in Axios PM — expressing "grave concerns" about the memo, after Trump had said "100 percent" he wanted it released — sounds like the result of an internal battle royal.

  • The big picture: You have Republicans using a power never before utilized to release a highly disputed memo that caused the FBI to take the extraordinary step of warning of grave consequence if made public. Another day, another uncharted territory. 

P.S. "Mueller Zeros In on Story Put Together About Trump Tower Meeting"N.Y. Times front-pager:

  • Mark Corallo, a former member of Trump's legal team, "is planning to tell Mr. Mueller about a previously undisclosed conference call with Mr. Trump and Hope Hicks, the White House communications director."
  • "Corallo planned to tell investigators that Ms. Hicks said during the call that emails written by Donald Trump Jr. before the Trump Tower meeting ... 'will never get out.'"
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Go deeper

59 mins ago - World

Iran agrees to resume Vienna nuclear talks in November

Ali Bagheri (R) with Enrique Mora in Tehran on Oct. 14. Photo: Iranian Foreign Ministry handout via Getty

Iran's new chief nuclear negotiator said following a meeting in Brussels on Wednesday that Iran would resume negotiations in Vienna before the end of November, with the exact date to be set next week.

Why it matters: The Vienna talks have been frozen since Iran's new hardline president, Ebrahim Raisi, was elected in June. This is the most direct commitment from Raisi's government to return to the negotiating table.

Dan Primack, author of Pro Rata
6 hours ago - Politics & Policy

Democrats' billionaires tax explained

Illustration: Aïda Amer/Axios

There is now legislative language behind the push to tax American billionaires on unrealized capital gains, as Sen. Ron Wyden last night released his 107-page plan.

Why it matters: This would be a sea change in U.S. tax policy, which has only applied to realized gains (otherwise known as income).

COP26 head warns Glasgow summit will be "harder than Paris"

Alok Sharma, U.K. COP26 president, in Milan on Sept. 30, 2021. Photo: Stefano Guidi/Getty Images

U.K. COP26 President Alok Sharma told reporters Tuesday that the upcoming talks in Glasgow, widely viewed as the last chance to avoid some of the worst consequences of global warming, will be extremely difficult.

Driving the news: Sharma sought to temper expectations and note that the agenda features some of the toughest items that negotiators have punted on at previous summits.

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