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!

Pablo Martinez Monsivais / AP

Here's a twist that has top GOP sources buzzing:

  • On Jan. 26, Sally Yates, then the acting attorney general, tells the White House that national security adviser Mike Flynn — who has just been grilled by FBI agents — had, in fact, discussed sanctions with the Russian ambassador during the transition, despite denying it, and therefore is vulnerable to Russian blackmail.
  • Four days later, on Jan. 30, Trump fires Yates, citing her unwillingness to enforce his border order.
  • Two weeks after her heads-up to the White House, the Flynn secret explodes.

"They had to know she was radioactive, and that there would be consequences," said a West Wing confidant. "It was either reckless, or total incompetence. It leads back to the fact that nobody is in charge."

A top source described "borderline chaos" in the White House.

"Some staff is in survival mode ... scared to death," the source said.

Internal leaks distract a White House. What we're seeing now is something much more consequential: leaks from throughout the government, plus a host of Obama alumni emptying their clips.

The news eruptions are gaining a Watergate aura — constant, complicated revelations from intelligence agencies and federal law enforcement; White House denials; frenzied competition among the great news organizations.

Chuck Todd said at 5 p.m. on MSNBC (as quoted by Brian Stelter): "Welcome to Day 1 of what is arguably the biggest presidential scandal involving a foreign government since Iran-Contra. ... [H]unker down, because this is a Class 5 political hurricane that's hitting Washington."

Hours later, first from The New York Times, and then from CNN: "Trump aides were in constant touch with senior Russian officials during campaign."

And Trump has known that since the transition, per CNN's Pamela Brown, Jim Sciutto and Evan Perez: "President-elect Trump and then-President Barack Obama were both briefed on details of the extensive communications between suspected Russian operatives and people associated with the Trump campaign and the Trump business."

The Russia connection now becomes a consequential, ongoing story -- with not just threads for Dems to pull, but a whole new big ball of yarn.

Axios's Jonathan Swan reports that Pence's spokesman, Marc Lotter, said the V.P. only learned of Flynn's misleading statements from the Washington Post's story Thursday night. And Swan reminds us of an overarching unanswered question: "Why did it take so long for the President to request Flynn's resignation?"

Bloomberg's well-wired Eli Lake takes up for Flynn (and gets a "POLITICAL ASSASSINATION" Drudge banner): "[F]or a White House that has such a casual ... relationship with the truth, it's strange that Flynn's 'lie' to Pence would get him fired. It doesn't add up. It's not even clear that Flynn lied."

So does this change now? An AP overnighter ... "For GOP, a dimmed zeal for investigations in Trump era," by Erica Werner: "Rather than go along with Democrats' call for an independent outside investigation [of Flynn resignation -- what Trump knew, and when], Senate Republicans insisted ... that the Intelligence Committee could look at the circumstances as part of an existing probe into Russia's interference in the presidential election."

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

6 hours ago - Health

Food banks feel the strain without holiday volunteers

People wait in line at Food Bank Community Kitchen on Nov. 25 in New York City. Photo: Michael Loccisano/Getty Images for Food Bank For New York City

America's food banks are sounding the alarm during this unprecedented holiday season.

The big picture: Soup kitchens and charities, usually brimming with holiday volunteers, are getting far less help.

8 hours ago - Health

AstraZeneca CEO: "We need to do an additional study" on COVID vaccine

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

AstraZeneca CEO Pascal Soriot said on Thursday the company is likely to start a new global trial to measure how effective its coronavirus vaccine is, Bloomberg reports.

Why it matters: Following Phase 3 trials, Oxford and AstraZeneca said their vaccine was 90% effective in people who got a half dose followed by a full dose, and 62% effective in people who got two full doses.

Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus cases rose 10% in the week before Thanksgiving.
  2. Politics: Supreme Court backs religious groups on New York coronavirus restrictions.
  3. World: Expert says COVID vaccine likely won't be available in Africa until Q2 of 2021 — Europeans extend lockdowns.
  4. Economy: The winners and losers of the COVID holiday season.
  5. Education: National standardized tests delayed until 2022.

Get Axios AM in your inbox

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!