10 things you need to know today: May 8, 2019

Trump tax data reportedly shows huge losses in the '80s and '90s, Iran announces a partial withdrawal from its 2015 nuclear deal, and more

Trump in the elevator at Trump Tower
(Image credit: DOMINICK REUTER/AFP/Getty Images)

1. Iran announces partial withdrawal from 2015 nuclear deal terms

Iranian President Hassan Rouhani announced Wednesday that his country would stop complying with parts of the landmark 2015 nuclear accord that exchanged sanctions relief for the curbing of Tehran's nuclear program. Rouhani said in a televised speech that Iran would keep stockpiles of excess uranium and heavy water from nuclear reactors, and resume higher uranium enrichment unless the international community agrees to new terms within 60 days. "We are ready to negotiate," he said. The move came a year after President Trump withdrew the U.S. from the deal. It was expected to further intensify tensions with the U.S., which has imposed sanctions on buyers of Iranian oil and moved an aircraft carrier to the Middle East following signs Iran is planning an attack on U.S. interests.

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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.