Mar 19, 2019

Gillibrand admits to "human error" in staff sexual misconduct investigation

Sen. Kirsten Gillibrand. Photo: Scott Olson/Getty Images

While campaigning in Iowa on Tuesday, 2020 presidential hopeful Sen. Kirsten Gillibrand (D-N.Y.) addressed a Politico report that a staffer had resigned over her office's handling of sexual misconduct allegations, per AP.

"We decided that because of some post-investigation human errors that future investigations should be done by our new chief of staff, who actually has experience in this area. ... If there are ways to improve, we certainly will. We always have taken this seriously and investigated it thoroughly and treated every person who’s come forward with the respect and dignity they deserve."

Context: Gillibrand's office had determined that allegations against one of her closest aides "did not meet the standards of sexual harassment," prompting the staffer who filed the complaint to resign. The male aide was later dismissed when Politico presented Gillibrand's office with more allegations of misconduct. Deputy chief of staff Anne Bradley, who led the investigation, is now resigning, Gillibrand confirmed on Tuesday.

Why it matters: Gillibrand has been one of the Senate's most outspoken advocates against workplace sexual harassment and has made it a central focus of her presidential campaign.

Go deeper: Kirsten Gillibrand: Everything you need to know about the 2020 candidate

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Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.