SaveSave story

Iowa Senate leader resigns after video shows him kissing lobbyist

Iowa State Senator and Majority Leader Bill Dix has resigned after a video that appears to show Dix kissing a statehouse lobbyist in a Des Moines bar, was posted to the Iowa Starting Line.

"I believe he made the right decision for himself and for his district, but most importantly, I believe he made the decision in the best interest of his family."
Statement from Senate President Jack Whitver

Why it matters: The video poses a potential conflict of interest, as a lobbyist could attempt to influence the married majority leader on matters of public policy. The party plans to hold an election for his replacement on Wednesday.

Dan Primack 2 hours ago
SaveSave story

Why the stock markets are tanking

Stock market trader adjusts his glasses.
Photo by Xinhua/Wang Ying via Getty Images

Stock markets are down sharply on Thursday, with the Dow Jones Industrial Average off around 1.25% as of 2 p.m. EST.

Three key drivers: Tariffs, inter-bank lending rates and Facebook's troubles.

Caitlin Owens 4 hours ago
SaveSave story

How Congress missed yet another chance for an immigration deal

Congressional leaders with President Trump
Congressional leaders with President Trump. Photo: Olivier Douliery - Pool / Getty Images

Congressional leaders and the White House failed to come to an agreement on temporary protections for Dreamers over the past week as part of the giant spending bill, leaving the issue unresolved.

Why it matters: After all of the fighting over President Trump's decision to end DACA — including a government shutdown over it — the White House and Congress ended up with nothing. The issue is currently tied up in the courts. And though both sides agree it's better to give Dreamers more certainty over their future, they just can't agree how to do it.