House Financial Services Committee Chairman Rep. Jeb Hensarling on Capitol Hill. Photo: Manuel Balce Ceneta / AP

House Financial Services Chairman Jeb Hensarling (R-Texas) announced Tuesday that he won't run for re-election at the end of his term, per the Dallas Morning News. Hensarling said he "never intended to make it a lifetime commitment" and has already stayed "far longer" than he had originally planned.

Why it matters: Hensarling follows 10 other House Republicans and two Republican senators — Bob Corker (Tenn.) and Jeff Flake (Ariz.) — who have announced their plans to retire next year.

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Updated 15 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 11:30 a.m. ET: 11,662,574 — Total deaths: 539,058 — Total recoveries — 6,336,732Map.
  2. U.S.: Total confirmed cases as of 11:30 a.m. ET: 2,948,397 — Total deaths: 130,430 — Total recoveries: 924,148 — Total tested: 36,032,329Map.
  3. Axios-Ipsos Coronavirus Index: Our response is becoming more polarized.
  4. Business: Breaking down the PPP disclosure debacle — Trump administration invests $2 billion in coronavirus drugs.
  5. World: Brazil's President Bolsonaro tests positive for coronavirus.
27 mins ago - World

Brazil's Bolsonaro tests positive for coronavirus

Photo: Andre Borges/NurPhoto via Getty Images

Brazilian President Jair Bolsonaro announced Tuesday that he tested positive for coronavirus.

Why it matters: Brazil's coronavirus outbreak is one of the largest in the world, topped only by the U.S., and Bolsonaro has long downplayed the effects of the virus, pushing businesses to reopen over the last few months in order to jumpstart the country's economy.

Deutsche Bank pays New York $150 million for dealings with Jeffrey Epstein

Photo: Stephanie Keith/Getty Images

Deutsche Bank has agreed to pay the state of New York a $150 million penalty for "significant compliance failures" related to its dealings with now-dead convicted sex offender Jeffrey Epstein, the State Department of Financial Services announced Tuesday.

Why it matters: Deutsche Bank "failed to properly monitor account activity conducted on behalf of the registered sex offender despite ample" public information about Epstein's criminal history, according to regulators. It's the first time any financial institution has been penalized for its dealings with Epstein.