Oregon Secretary of State Shemia Fagan has stepped down shortly after apologizing for accepting a payment of $10,000 per month from a consultancy firm for a marijuana company. While Fagan initially resisted state Republicans' calls for her to resign, she conceded on Tuesday that the situation was distracting from her work.
“While I am confident that the ethics investigation will show that I followed the state’s legal and ethical guidelines in trying to make ends meet for my family, it is clear that my actions have become a distraction from the important and critical work of the Secretary of State’s office,” Fagan said in a statement. “Protecting our state’s democracy and ensuring faith in our elected leaders — these are the reasons I ran for this office. They are also the reasons I will be submitting my resignation today.”
Treasury Secretary Janet Yellen pledged that the U.S. and its allies wouldn't hesitate to use their sanctions powers to address Iran's "malign and destabilizing activity” in the region.
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The Biden administration is docking more than $2 million in payments to student loan servicers that failed to send billing statements on time after the end of a pandemic payment freeze.