Feb 1, 2017

Senate committee approves Price, Mnuchin over Democrats' objections

Andrew Harnik/AP

The Senate Finance Committee has approved Tom Price's nomination for Health and Human Services secretary, as well as Steven Mnuchin's nomination for Treasury secretary, after suspending the rules to be able to vote with no Democrats present. Senate Finance Committee chairman Orrin Hatch told reporters that "the parliamentarian told us this is what we have to do," and said all committee members were notified in advance.

Democrats boycotted the vote because they say they still want Price to answer questions about his stock trades, since they believe he hasn't been straight with them about his purchases in Innate Immunotherapeutics, an Australian biotech firm.

In a statement, Sen. Ron Wyden, the top Democrat on the committee, said it was "deeply troubling to me that Republicans on the Finance Committee chose to break the rules in the face of strong evidence of two nominees' serious ethical problems."

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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

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.

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.