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!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

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!

Want a daily digest of the top Denver news?

Get a daily digest of 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!

Want a daily digest of the top Des Moines news?

Get a daily digest of 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!

Want a daily digest of the top Twin Cities news?

Get a daily digest of 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!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of 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!

Want a daily digest of the top Charlotte news?

Get a daily digest of 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!

J. Scott Applewhite / AP

Steve Bannon provoked lots of chatter for telling Charlie Rose on "60 Minutes" that President Trump's firing of FBI Director James Comey may have been the worst mistake in "modern political history."

What's intriguing is the reason he said it: the belief of some close White House allies that special counsel Bob Mueller, whose appointment was triggered by Comey's ouster, could use events surrounding the firing to make an obstruction of justice case against Trump.

There's a good reason that Vice President Pence has hired a lawyer, Bannon freaked out about the decision, and Mueller plans to interview a slew of current and former West Wing aides: They were with Trump during those frantic days, and know what he was saying and what was on his mind.

White House aides with legal exposure to these events have quickly reached four conclusions, according to conversations with Jonathan Swan and me:

  1. Mueller is burrowing in hard on the obstruction of justice angle.
  2. The "angry, meandering" draft White House justification for firing Comey — which was never released, but obtained by Mueller — could be used as evidence of Trump's unvarnished thinking when venting to staff.
  3. Legal fees, with white-collar attorneys charging $1,000 an hour, get cripplingly expensive pretty quick. Watch for outside legal defense funds to pop up quickly.
  4. The investigation's financial dimensions are worrisome. The focus on Michael Cohen, a Trump lawyer and confidant whose business dealings are intertwined with the president's, has been particularly troubling for those in Trump's close orbit. Cohen dealt with some colorful characters. And when plans for the Trump Tower in Moscow are fully picked apart, other questionable Russian characters may be drawn in.

Republicans close to the White House say every sign by Mueller — from his hiring of Mafia and money-laundering experts to his aggressive pursuit of witnesses and evidence — is that he's going for the kill.

  • The Wall Street Journal reports on the front page today that outside Trump lawyers "earlier this summer concluded that Jared Kushner should step down ... because of possible legal complications ... and aired concerns about him to the president." Kushner has since defended himself on Capitol Hill.

Be smart: Trump allies fret that the White House is ill-prepared for the public showdown with Mueller that will eventually come, and should be making legal, political and constitutional arguments for the president's right to fire Comey. Statements by Trump lawyers tend to rattle, rather than reassure, White House allies.

  • Trump associates tell me Trump mused about firing Mueller. But now, one associate said, the damage would be as horrendous as "firing the Pope."

P.S. Russian politician Vyacheslav Nikonov, a member of the Duma (ruling assembly), said on live TV that U.S. "intelligence missed it when Russian intelligence stole the president of the United States."

  • Hillary Clinton, out today with "What Happened," tells USA Today's Susan Page she's "convinced" Trump associates colluded with Russia: "There certainly was communication and there certainly was an understanding of some sort."
  • Go deeper: Russia revelations spark demands for new media regulations," by Axios' Sara Fischer.
Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
Please enter a valid email.
Please enter a valid email.
Server error. Please try a different email.
Subscribed! Look for Axios AM and PM in your inbox tomorrow or read the latest Axios AM now.

Go deeper

7 hours ago - Health

Biden says it's "not the time to relax" after touring vaccination site

President Biden speaking after visiting a FEMA Covid-19 vaccination facility in Houston on Feb. 26. Photo: Mandel Ngan/AFP via Getty Images

President Biden said Friday that "it's not the time to relax" coronavirus mitigation efforts and warned that the number of cases and hospitalizations could rise again as new variants of the virus emerge.

Why it matters: Biden, who made the remarks after touring a vaccination site in Houston, echoed CDC director Rochelle Walensky, who said earlier on Friday that while the U.S. has seen a recent drop in cases and hospitalizations, "these declines follow the highest peak we have experienced in the pandemic."

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: FDA advisory panel endorses J&J COVID vaccine for emergency use — About 20% of U.S. adults have received first vaccine dose, White House says — New data reignites the debate over coronavirus vaccine strategy.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.

The week markets went wild

Illustration: Lazaro Gamio

The markets just closed out a manic week.

Why it matters: Outsized — and in some cases historic — moves were evident across the board.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!