Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. 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!

Denver news in your inbox

Catch up on 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!

Des Moines news in your inbox

Catch up on 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!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

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!

Illustration:Rebecca Zisser/Axios

We’re starting to see the worst collateral damage of President Trump's war with his own Justice Department. The rift has dominated (even defined) his presidency. And it looks like it’s getting worse.

A former administration official told Axios: “It’s a 'Deep State' he created. Whether it existed before or not, it does now.”

Yesterday's astonishing leak: Deputy Attorney General Rod Rosenstein "suggested last year that he secretly record President Trump in the White House to expose the chaos consuming the administration," and discussed the possible invocation of the 25th amendment, per the N.Y. Times.

  • "[M]emos written by F.B.I. officials, including Andrew G. McCabe, then the acting bureau director, ... documented Mr. Rosenstein’s actions."

Timing: The conversations came on May 16, 2017–just a week after Trump fired FBI Director James Comey, a seven-day window when tensions between the White House and Main Justice hit a fever pitch, threatening to cripple both institutions.

The fallout ... Rosenstein's unconvincing denial: "I never pursued or authorized recording the President and any suggestion that I have ever advocated for the removal of the President is absolutely false."

  • The leak triggered a fevered debate among Justice Department watchers: Was Rosenstein joking when he made those explosive comments? It’s a vital question — but in a way, it also isn’t. After all, in normal times, the deputy attorney general doesn’t joke about secretly recording the president.

Trump last night at a rally in Missouri: ""You've seen what happened in the FBI and the Department of Justice. The bad ones, they're all gone. They're all gone ... But there is a lingering stench and we're going to get rid of that, too."

Be smart: The leak is a tiny indication of how much special counsel Robert Mueller knows, and has known for months.

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

Bipartisan group of senators unveil $908 billion COVID stimulus proposal

Sens. Joe Manchin (D-W.Va.) and Susan Collins (R-Maine) in the Capitol in 2018. Photo: Tom Williams/CQ Roll Call

A bipartisan group of senators on Tuesday proposed a $908 billion coronavirus stimulus package, in one of the few concrete steps toward COVID relief made by Congress in several months.

Why it matters: Recent data shows that the economic recovery is floundering as coronavirus cases surge and hospitals threaten to be overwhelmed heading into what is likely to be a grim winter.

Inside Patch's new local newsletter platform

Illustration: Annelise Capossela/Axios

Patch, the hyperlocal (and profitable) local digital news company, has built a new software platform called "Patch Labs" that lets local news reporters publish their own newsletters and websites, sources tell Axios.

Why it matters: It follows a growing trend of journalists going solo via newsletters at the national level.

Scoop: Politico stars plot new Playbook

Anna Palmer and Jake Sherman. Photo: Alex Wong/Getty Images

Three of Politico’s biggest reporting stars plan to launch a competitor to the company’s Politico Playbook franchise, sources tell me. 

Why it matters:  Jake Sherman, Anna Palmer and John Bresnahan will launch a daily newsletter in 2021 as a stand-alone company, the sources say. In effect, they will be competing against the Playbook franchise they helped create and grow.