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The Comey memos. Photo: Susan Walsh/AP

President Trump "hasn't cooled off on" Deputy Attorney General Rod Rosenstein (who oversees the Mueller investigation) and could still fire him, according to a source close to Trump.

The source gave Axios a behind-the-scenes read on the latest thinking at the White House, which the source said is "in a defensive posture."

  • "Trump doesn't know exactly what to do with [Rosenstein]. They don't have a clean way to get rid of him. That's the problem."
  • But Rosenstein may be "about to be spit-roasted."
  • "I do think a case is being built against him [Rosenstein]. That's what Meadows and Jordan are doing." (Reps. Mark Meadows [R-N.C.] and Jim Jordan [R-Ohio], both members of the conservative House Freedom Caucus, met with Rosenstein on Monday to press him on the Russia and Clinton email probes, per the WashPost.)
  • On the addition of Rudy Giuliani to Trump's legal team: "The way it's been characterized by senior administration officials is that the president is frustrated and casting about. That's typical of him. He's done it before. He's upset, and the way he thinks more will happen is if new people are brought onto the scene."
  • "This is all Trump trying to move the ball and he thinks by having substitutions and additional players he'll do that. ... What he really needs is what he's not getting. He needs a lead lawyer who has the backing and resources of a large firm."

A possible White House addition, according to the source:

  • Another "senior lawyer is ... needed on the inside. There are indications that [White House counsel] Don McGahn would like to bring Emmet Flood [who represented Bill Clinton during impeachment] into the White House Counsel's office to help with the oversight and investigations work that is currently in play, and would likely intensify if the House was captured by Democrats." (In early March, the N.Y. Times reported that Trump was in discussions with Flood to help with the Mueller response.)

Go deeper

Erica Pandey, author of @Work
56 mins ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.

Mike Allen, author of AM
2 hours ago - Economy & Business

First look: Business puts muscle behind Biden

Business Roundtable, the voice of America's top CEOs, today launched "Move the Needle," a campaign to support President Biden in rolling out COVID vaccines, increasing vaccine uptake and encouraging masks.

What they're saying: "Masks and vaccines are working. Now is the time to keep at it, overcome pandemic fatigue, and double down on the measures that will end this public health and economic crisis, said Business Roundtable president and CEO Josh Bolten.