Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Andrew McCabe. Photo: Michael Kovac/Getty Images

The Department of Justice is declining to bring charges against former FBI deputy director Andrew McCabe in an investigation into whether he lied to investigators about a press leak, his defense team said on Friday.

Why it matters: The move closes an investigation into whether McCabe lied to federal investigators about leaking information to the media.

What they're saying:

"We learned this morning through a phone call from the D.C. U.S. Attorney's Office that was followed by a letter that the Justice Department's criminal investigation of Andrew McCabe has been closed. This means that no charges will be brought against him based on the facts underlying the Office of the Inspector General's April 2018 report. At long last, justice has been done in this matter. We said at the outset of the criminal investigation, almost two years ago, that if the facts and the law determined the result, no charges would be brought. We are pleased that Andrew McCabe and his family can go on with their lives without this cloud hanging over them."
— statement from McCabe's legal counsel, Michael R. Bromwich and David Schertler

Background: McCabe and Trump have had a turbulent relationship since Trump took office.

  • McCabe was fired in March 2018 by then-Attorney General Jeff Sessions. His ouster follows an inspector general report that concluded he improperly disclosed information to reporters.

Go deeper ... Timeline: Trump's turbulent relationship with Andrew McCabe

Go deeper

Updated 2 mins ago - Politics & Policy

Inauguration Day dashboard

Screenshot: Fox News

President Trump has delivered a farewell speech and departed Washington for the last time on Air Force One, kicking off the day that will culminate with President-elect Joe Biden taking office.

What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Updated 19 mins ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.