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Photo: Bill O'Leary/The Washington Post/Getty Images

Presidential candidate Beto O'Rourke has denied fleeing the scene of a crash that caused him to be arrested for drunk driving in 1998, but the El Paso officer who arrested him told the Texas Tribune that he stands by his report of the night.

What they're saying: An unnamed female witness told officers that O'Rourke's car "attempted to leave the scene" after crashing into a truck. The police officer who arrested O'Rourke doesn't remember the specifics of the night, but said: "I believe we have contradicting stories here. I stand by my report." The sergeant who signed the report also doesn't remember being there, but said: "He did something to lead the officers to believe he was trying to get away. What they put down, I believed them."

O'Rourke was arrested for DWI, but not for fleeing the scene. A spokesperson for O'Rourke told the Tribune:

"Beto's DWI is something he has long publicly and openly addressed over the last 20 years at town halls, on the debate stage, during interviews and in Op-Eds, calling it a serious mistake for which there is no excuse. This has been widely and repeatedly reported on."

Go deeper: Everything you need to know about 2020 candidate Beto O'Rourke

Go deeper

Fed chair says low interest rates aren't driving stock market prices

Jerome Powell. Photo: ANDREW CABALLERO-REYNOLDS / Getty Images

Federal Reserve chairman Jerome Powell told reporters on Wednesday that rock-bottom interest rates aren't playing a role in driving stock prices higher, while noting that vulnerabilities to the financial system are "moderate."

Why it matters: The statement comes amid unshakeable stock prices and a Reddit-fueled market frenzy — prompting widespread fears of a bubble and the role monetary policy has played in that.

2 hours ago - World

Biden freezes U.S. arms deals with Saudi Arabia and UAE

Trump struck several large arms deals with Mohammed bin Salman (L) and Saudi Arabia. Photo: Kevin Dietsch-Pool/Getty Images

The Biden administration has put on hold two big arms deals with Saudi Arabia and the United Arab Emirates which were approved in the final weeks of the Trump administration, a State Department official tells Axios.

Why it matters: The sales of F-35 jets and attack drones to the UAE and a large supply of munitions to Saudi Arabia will be paused pending a review. That signals a major policy shift from the Trump era, and may herald sharp tensions with both Gulf countries.

Dan Primack, author of Pro Rata
2 hours ago - Podcasts

Robert Downey Jr. launches VC funds to help save the planet

Robert Downey Jr. on Wednesday announced the launch of two venture capital funds focused on startups in the sustainability sector, the latest evolution of a project he launched two years ago called Footprint Coalition.

Between the lines: This is a bit of life imitating art, as Downey Jr. spent 11 films portraying a character who sought to save the planet (or, in some cases, the universe).