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"Fox News Sunday" anchor Chris Wallace reacted Friday to the release of the controversial memo alleging U.S. government surveillance abuses against the Trump campaign in 2016.  

The memo was declassified by the White House Friday and the full contents released by Republicans on the House Intelligence Committee. Democrats have alleged key facts were not included in the memo, accusing Republicans of trying to undermine Special Counsel Robert Mueller's investigation.

The memo asserts that former FBI official Andrew McCabe stated in closed-door testimony that without the anti-Trump dossier, the FBI would not have been able to secure surveillance warrants. It also alleges that the dossier's author, former British spy Christopher Steele, had a personal animus toward Trump.

Wallace said the memo may "endanger the reputation" of top FBI officials, but it does not appear to contain any sensitive national security information, as Democrats alleged. 

He said he would be eager to see McCabe's full testimony to the committee cited in the memo. Wallace, however, said the memo does not mean that the Russia investigation is illegitimate. 

"Two things can be true at the same time. That there is a legitimate investigation of the president and that the Carter Page FISA warrant was improperly obtained," he said. 

Wallace cautioned that the three-page memo is "very narrowly written" to make a case on one specific issue, but could still be "completely accurate."

"It's limited in what it tells you about the entire investigation."

Watch the discussion above. Check your local listings for "Fox News Sunday" which will feature an interview with former Defense Secretary and CIA Director Leon Panetta this weekend. 

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