Jan 12, 2018

Trump accuses FBI agent who sent texts bashing him of "treason"

Photo: Kevin Dietsch-Pool / Getty Images

President Trump went after FBI agent Peter Strzok, who was removed from Robert Mueller's team over anti-Trump texts, in an interview Thursday with the Wall Street Journal:

"... and what went on with the FBI, where a man is tweeting to his lover that if she loses... we’ll go to phase 2, and we’ll get this guy out of office. I mean, this is the FBI we’re talking about. I think that is — that is treason. See, that’s treason right there."

Between the lines: Trump was asked twice whether such behavior made him less likely to meet with Mueller and dodged, repeatedly saying he'd been completely "open" with the investigation.

Go deeper: Read the transcript.

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HBCUs are missing from the discussion on venture capital's diversity

Illustration: Eniola Odetunde/Axios

Venture capital is beginning a belated conversation about its dearth of black investors and support of black founders, but hasn't yet turned its attention to the trivial participation of historically black colleges and universities (HBCUs) as limited partners in funds.

Why it matters: This increases educational and economic inequality, as the vast majority of VC profits go to limited partners.

Unemployment rate falls to 13.3% in May

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. unemployment rate fell to 13.3% in May, with 2.5 million jobs gained, the government said on Friday.

Why it matters: The far better-than-expected numbers show a surprising improvement in the job market, which has been devastated by the coronavirus pandemic.

The difficulty of calculating the real unemployment rate

Data: U.S. Department of Labor; Note: Initial traditional state claims from the weeks of May 23 and 30, continuing traditional claims from May 23. Initial PUA claims from May 16, 23, and 30, continuing PUA and other programs from May 16; Chart: Andrew Witherspoon/Axios

The shocking May jobs report — with a decline in the unemployment rate to 13.3% and more than 2 million jobs added — destroyed expectations of a much worse economic picture.

Why it matters: Traditional economic reports have failed to keep up with the devastation of the coronavirus pandemic and have made it nearly impossible for researchers to determine the state of the U.S. labor market or the economy.