Jan 28, 2018

Lindsey Graham: Don't #ReleaseTheMemo yet

Erica Pandey

Sen. Lindsey Graham said on ABC's "This Week" that House Intelligence Committee chairman Rep. Devin Nunes should not yet release the four-page memo he wrote alleging FBI abuses of FISA. "I want somebody outside of the Republican-led congress to look at the allegations," he said.

The backdrop: The Washington Post reported this morning that President Trump — who has the power to make the memo public — wants it released.

Highlights from Graham's interview:

  • Should the RNC return funds donated by Steve Wynn, who has been accused of sexual assault and harassment? "We should do of ourselves what we ask of the Democratic party."
  • On the White House's immigration plan, which asks for $25 billion for the border wall: "You don’t need $25 billion for a wall. You need wall systems, you need roads, you need redundancy, you need to fix old fencing ... we’re not going to build a 1,900 mile wall ... we're not going to build a wall in places it shouldn't go."

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Fed temporarily lifts Wells Fargo's growth restrictions

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The Federal Reserve said Wednesday it will temporarily lift Wells Fargo’s growth restrictions, which were put in place following the bank’s customer abuse scandals.

Why it matters: The Fed’s only reason for lifting the cap is so Wells Fargo can dole out more loans to struggling small businesses as part of the government’s coronavirus aid package. Earlier this week, the bank said it could only lend a total of $10 billion, thanks to Fed restrictions that it can’t grow its assets beyond $1.95 trillion.

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  4. Federal government latest: The U.S. has begun to see "glimmers of hope" despite its highest recorded number of deaths in 24 hours, Anthony Fauci said.
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Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

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Bernie Sanders suspends presidential campaign

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Sen. Bernie Sanders announced Wednesday that he is suspending his presidential campaign.

The big picture: It's an end to the campaign of the leading progressive in the race — and the candidate who seemed to be the clear front-runner for the Democratic nomination just a few months ago. It also makes Biden the presumptive Democratic nominee four months before the party's convention in Milwaukee.

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