My understanding from what I've read is this -
The document that everybody is talking about is a 35 page report that was instigated by a political opposition research firm, that was hired by both Republican candidates running against Trump and the Democratic Party. They came across some shady shit between Trump and Russia, with regards to business dealings. The firm hired former M16 agent Christopher Steele, who had numerous dealings in Russia and had sources there to investigate. Steele made his report (the 35 page document) and gave the information to the FBI. It was circulating in other areas in Washington too, and John McCain has also admitted he passed a copy of the information onto intelligence agencies.
Buzzfeed also somehow came across the document (not surprising...Buzzfeed is known to have some of the best investigative journalists around - the whole team got poached by CNN a year or so back) and decided to publish it with disclaimers acknowledging they don't know about its veracity. The CIA and FBI both are believed to think that at least some of the information in the report is true.
I think that's where it's at for now. Could be wrong though.






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