Jan 4, 2018

Billionaire Mercers distance themselves from Bannon

Steve Bannon. Photo: Andrew Harrer / Getty

Rebekah Mercer, a primary financial supporter of Steve Bannon and Breitbart News, has released a statement saying she and her billionaire father have not spoken to Bannon "in many months" and do not support his "recent actions and statements," after Bannon attacked President Trump and his family in interviews for a forthcoming book, per the Washington Post.

Meanwhile, the Mercers and other Breitbart board members have seriously discussed removing Steve Bannon as chairman of Breitbart due to his feud with Trump, the Wall Street Journal reports and Axios' Jonathan Swan has corroborated.

Why it matters: If the Mercers abandon Bannon he'll be left without the main funders of his political activities, harming his ability to take on the GOP establishment in this year's midterm elections. Mercer said in the statement that her family has "provided no financial support to [Bannon's] political agenda" in recent months.

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Mass shooting in Milwaukee: What we know so far

Milwaukee Mayor Tom Barrett in 2012. Photo: John Gress/Corbis via Getty Images

Six people died in a shooting at the Milwaukee Molson Coors brewery complex on Wednesday, including the shooter, Mayor Tom Barrett told reporters at an evening press conference with local police.

What's happening: Police said "there is no active threat" just before 6 pm ET, but noted the scene remains active. Police chief Alfonso Morales told reporters that officers have "more than 20 buildings we have to secure" at the complex and they do not currently have all employees accounted for, as more than 1,000 were at the complex during the shooting.

Go deeperArrowUpdated 42 mins ago - Politics & Policy

Trump assigns Pence to lead U.S. coronavirus response

Photo: ANDREW CABALLERO-REYNOLDS/AFP via Getty Images

President Trump announced at a press briefing Wednesday evening that he'll be putting Vice President Mike Pence in charge of leading the administration's response to the coronavirus.

The big picture: In the wake of a market sell-off and warnings from health officials that there's a real threat of the coronavirus spreading in the U.S., Trump sought to reassure the nation and Wall Street that the U.S. is "ready" for whatever comes next.

Go deeperArrowUpdated 2 hours ago - Politics & Policy

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