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Photo: BRENDAN SMIALOWSKI/AFP/Getty Images

Rep. Trey Gowdy, who was involved in the drafting of the controversial FISA memo, told CBS’ “Face the Nation” it has no effect on the Russia investigation:

There is a Russia investigation without a dossier… the dossier has nothing to do with the meeting at Trump Tower. The dossier has nothing to do with an email sent by Cambridge Analytica. The dossier really has nothing to do with George Papadopoulos' meeting in Great Britain. It also doesn't have anything to do with obstruction of justice.

Why it matters: President Trump claims the memo "totally vindicates" him and has suggested it should bring an end to the Russia "witch hunt." Gowdy disagrees.

Gowdy did defend the decision to release the memo, arguing the use of the Steele dossier to obtain a FISA warrant against Carter Page was “unprecedented” and inappropriate.

  • Gowdy said he has complete confidence in FBI Director Ray, Deputy Attorney General Rosenstein and Special Counsel Mueller.
  • On Andy McCabe, who stepped down recently as Deputy FBI Director: "I found him to be a professional witness even though I disagree with some of the decisions he made. And I think we've got to get to some point in life where you can disagree with the decision-making process that someone engaged in, without believing that they are corrupt or somehow part of the 'deep state', whatever that means."
  • On why he’s retiring: "I enjoy the justice system more. I enjoy being fair. I enjoy the pursuit of fairness as a virtue and I'm just more comfortable in that system."

Go deeper

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14 mins ago - Economy & Business

Miami mayor: Bitcoin's appeal is that governments can't manipulate it

Miami Mayor Francis Suarez is pushing to make bitcoin a part of his city's economic future, and in an interview with "Axios on HBO," he pushed back against the economic orthodoxy of people like Treasury Secretary Janet Yellen who say it's a bad idea.

Why it matters: Miami's inclusion of bitcoin as a way to pay city employees or as part of the city's emergency cash holdings, as Suarez has proposed, would add legitimacy to the cryptocurrency and further entrench it in the U.S. economic system.

Dion Rabouin, author of Markets
15 mins ago - Politics & Policy

Miami mayor acknowledges Big Tech plans could hurt the city's poor

Photo: "Axios on HBO"

Miami Mayor Francis Suarez's ambitions to attract Big Tech has generated a lot of headlines — but it will likely come with some negative impacts for current residents, for which the mayor admits there may not be solutions.

What he's saying: "Gentrification is real," Suarez told "Axios on HBO." But even with his efforts to promote affordable housing, he argues that "government has a limited amount of resources and a limited amount of ability to stop things that are market driven."

Trump's assault on Chinese tech left loose ends galore

Illustration: Sarah Grillo/Axios

President Trump's haphazard war on Chinese tech has left the Biden administration with a raft of unfinished business involving efforts to restrict Chinese firms and products in U.S. markets.

Why it matters: The Chinese and American tech industries are joined at the hip in many ways, and that interdependence has shaped decades of prosperity. But now security concerns and economic rivalries are wrenching them apart.