Steven Mnuchin drops out of "Davos in the Desert"

Treasury Secretary Steve Mnuchin tweeted that after meeting with President Trump and Secretary of State Mike Pompeo, he has decided to withdraw from Saudi Arabia's Future Investment Initiative conference next week.

Why it matters: Mnuchin was among the last high-profile holdouts who had not yet dropped out of "Davos in the Desert" over the disappearance of Saudi journalist Jamal Khashoggi.