Apr 24, 2019

Iowa's longest-serving GOP lawmaker switches to Democrats because of Trump

Rebecca Falconer

State Rep. Andy McKean has served in Iowa's Senate and House chambers. Photo: Andy McKean/Facebook

Iowa Rep. Andy McKean, the state legislature's longest-serving Republican, announced Tuesday he's switching parties to join the Democrats because of President Trump and his policies.

"I believe that [it] is just a matter of time before our country pays a heavy price for President Trump’s reckless spending and short-signed financial policies, his erratic, destabilizing foreign policy, and his disregard for environmental concerns."
— Rep. Andy McKean

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Axios

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Photo: Brett Carlsen/Getty Images

Catch up on today's biggest news:

  1. Mike Bloomberg offers to release women from 3 NDAs
  2. Wells Fargo to pay $3 billion to settle consumer abuse charges
  3. Bloomberg campaign says Tennessee vandalism "echoes language" from Bernie supporters
  4. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  5. Nearly half of Republicans support pardoning Roger Stone
Keep ReadingArrowUpdated 50 mins ago - Politics & Policy
Orion Rummler

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Go deeperArrow52 mins ago - Economy & Business
Fadel Allassan

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.

Go deeperArrow1 hour ago - Politics & Policy