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Report: Trump's first Comey letter blocked by White House lawyer

AP

Special Prosecutor Rober Mueller has reportedly obtained a letter that President Trump and his top policy advisor, Stephen Miller, drafted in the days leading up to the firing of James Comey. It details why Trump was planning on dismissing his FBI director, per The New York Times' Michael Schmidt and Maggie Haberman.

White House counsel Donald McGahn stopped Trump from sending Comey the letter in May. Instead, a letter written by Deputy Attorney General Rod Rosenstein, which discussed Comey's handling of the investigation into Hillary Clinton's personal emails, was sent to Comey on the day of his firing.

Why it matters: Trump's explanations for firing Comey have been shifting from the start, and this letter could provide a more solid basis for his original intent.

Go deeper

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

Clash of the central bankers

Photo Illustration: Eniola Odetunde/Axios. Photos: Bloomberg, Samuel Corum (Stringer)/Getty Images

While Fed chair Jerome Powell is brushing off the seismic rise in government bond yields and a corresponding decline in stock prices, a group of central bankers in the Pacific are starting to take action.

Driving the news: Bank of Japan governor Haruhiko Kuroda told parliament on Friday the BOJ would not allow yields on government debt to continue rising further above the BOJ's 0% target.

Go deeper (1 min. read)Arrow
Fadel Allassan
53 mins ago - Economy & Business

Biden expresses support for Amazon workers' union vote in Alabama

Photo: Joe Raedle/Getty Images

President Biden expressed support for a union vote by Amazon warehouse workers in Alabama in a two-minute video posted on Twitter Sunday, though he did not name the tech giant specifically.

Why it matters: A vote by workers at the Bessemer, Ala., warehouse to join the Retail, Wholesale and Department Store Union would make the facility the first Amazon warehouse to unionize in the U.S., per NPR. The election will run through March 29.

Go deeper (1 min. read)Arrow
Dion Rabouin, author of Markets
2 hours 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.

Go deeper (1 min. read)Arrow