10 things you need to know today: May 29, 2015

Ex-House speaker Dennis Hastert is indicted, FIFA's president faces reelection, and more

Before the fall.
(Image credit: (AP Photo/Manuel Balce Ceneta))

1. Ex-House speaker Hastert accused of evading currency-reporting law

Former House speaker Dennis Hastert was indicted Thursday on charges that he tried to hide $3.5 million in hush money he allegedly paid someone to keep quiet about past misconduct. Hastert, 73, is accused of trying to mask nearly $1 million in bank withdrawals to avoid banking laws requiring banks to report cash transactions over $10,000. He also is accused of lying about the withdrawals to the FBI. Both counts carry up to five years in prison and a $250,000 fine.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.