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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."

Go deeper

Dion Rabouin, author of Markets
21 mins ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.

Mike Allen, author of AM
53 mins ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.

2 hours ago - Politics & Policy

Read: Pete Buttigieg's opening statement ahead of confirmation hearing

Pete Buttigieg, President Biden's nominee to be secretary of transportation, in December. Photo: Kevin Lamarque/AFP via Getty Images

Pete Buttigieg, President Biden's nominee to lead the Transportation Department, will tell senators he plans to prioritize the health and safety of public transportation systems during the pandemic — and look to infrastructure projects to rebuild the economy — according to a copy of his prepared remarks obtained by Axios.

Driving the news: Buttigieg will testify at 10 a.m. ET before the Senate Committee on Commerce, Science and Transportation. He is expected to face a relatively smooth confirmation process, though GOP lawmakers may press him on "green" elements of Biden's transportation proposals.