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The FBI’s warning, Europe’s moment, the cost of business, and more
Source: Joshua Roberts / Reuters

What We’re Following

Memo Dilemma: The saga surrounding a controversial memo from House Intelligence Committee Chairman Devin Nunes took another turn when the FBI issued an unusual public statement arguing strongly against the memo’s release. In addition, it was reported that when Deputy Attorney General Rod Rosenstein asked President Trump for support during a clash with Nunes in December, the president responded by asking whether Rosenstein was “on my team.” Trump reportedly believes that the memo will vindicate his claims that he’s been unfairly targeted by the Russia investigation—but so far, the pattern of his presidency is that such hoped-for vindications tend to fail.

In its “National Defense Strategy,” the Trump administration calls for a new focus on He hasn’t quite completed the withdrawal from world affairs that some of his critics feared—but his aggressive “America First” rhetoric has in some ways undermined the nation’s position as a global superpower. Robert O’Malley asks:

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