Beto O'Rourke did not earn more than $1 million a year selling a book on launching a democratic socialist "revolution," but like fellow 2020 presidential hopeful Sen. Bernie Sanders (I-Vt.), O'Rourke did just fine over the past 10 years, according to a decade's worth of tax returns he released Monday night.
O'Rourke and his wife, Amy, earned more than $360,000 in 2017, the latest year in the filings. Their income included O'Rourke's $162,011 congressional salary, $53,000 Amy O'Rourke earned as an education consultant, and more than $11,000 from Stanton Street Technology, an internet company O'Rourke started in 1999. They paid an effective tax rate of 22 percent.
O'Rourke furnished the hundreds of pages of tax returns just after aforementioned millionaire author Sanders released 10 years of his tax returns. Like Sanders, O'Rourke noted that President Trump has declined to release any of his tax returns, despite promising to do so while running for president. "If he must be compelled through a subpoena to do so, so be it," O'Rourke said Monday morning, after a town hall in Charlotte. "But everyone who runs to seek that office should release their taxes." Peter Weber
Pacific Gas & Electric reached a settlement with 14 local California governments on Tuesday to pay $1 billion in damages for a series of wildfires that killed dozens of people and destroyed thousands of homes. PG&E, which declared bankruptcy in January in anticipation of tens of billions in wildfire-related damages, said Tuesday's settlement is "an important first step toward an orderly, fair, and expeditious resolution of wildfire claims." Baron & Budd, the Texas law firm representing the 14 California communities, said the settlement will cover "taxpayer losses."
"This money will help local government and taxpayers rebuild their communities after several years of devastating wildfires," Baron & Budd said in a statement. "The cities and counties will be in a better position to help their citizens rebuild and move forward." The town of Paradise, mostly destroyed in 2018's Camp Fire, will get $270 million, and other money will cover damages from a 2015 fire in Butte County and 2017 fires in Northern California wine country. PG&E's downed power lines have been linked to several wildfires in the state. Peter Weber
When you're the only student in the only school on a tiny island, your graduation draws a crowd.
Gwen Lynch lives with her family on Cuttyhunk, a Massachusetts island. On Monday, she finished the eighth grade and graduated from Cuttyhunk Elementary School, with about 100 people coming out to celebrate the milestone. One face stood out from the crowd: the commencement speaker, actress and comedian Jenny Slate.
Slate's boyfriend runs a writing workshop on the island, and she agreed to deliver a special message to Lynch. Before writing her speech, she chatted with the teenager, and learned all about her hopes, dreams, and life on the island. "I started to realize that you, who go to school by yourself on an island that is basically empty half the year, are still way cooler and more popular than I was as a teenager, who lived in a town and went to a school with lots of other people," Slate joked.
Lynch, who will attend a New Hampshire boarding school in the fall, wants to become an engineer, and Slate told her she was impressed by her moxie. "I hope you keep saying what you want to achieve and that you want to put your very own name on it," she said. "There is no shame in wanting to be recognized for your good work. Your no-frills confidence is pure and powerful." Catherine Garcia
During his May trip to Baghdad, Secretary of State Mike Pompeo shared a message with Iraqi leaders that he wanted passed on to Iran: If any attacks by the country or its proxies killed any U.S. troops, there would be military action, U.S. officials told The Washington Post.
Pompeo has issued a few private warnings, the officials said. Tensions are mounting between the U.S. and Iran, with the U.S. accusing Iran of attacking oil tankers in the Middle East and Iran, which denies attacking the tankers, saying it will soon violate the 2015 nuclear deal by having too much low-enriched uranium in its stockpile. On Monday, the Pentagon announced it will send 1,000 additional troops to the Middle East, and while at U.S. Central Command headquarters in Tampa on Tuesday, Pompeo said President Trump "does not want war," and the U.S. is in the region to "deter aggression."
U.S. officials told the Post there are concerns that because there hasn't been a confirmed Defense Secretary in several months, the hawks advising Trump — including Pompeo and National Security Adviser John Bolton — are pushing for the military to do more than its mission in the region, which is to eliminate the remnants of the Islamic State. Bolton, the officials added, is careful about what information gets to Trump, and has reduced the number of meetings where top officials discuss the Iran policy. Catherine Garcia
President Trump made some pretty big promises Tuesday night during a rally in Orlando.
The event marked the official launch of his re-election campaign, and during his nearly 90-minute speech, Trump vowed that if he gets a second term, "we will come up with the cures to many, many problems, to many, many diseases, including cancer. We will eradicate AIDS in America, and we're very close."
Trump made several false claims, including that he passed the largest tax cut in history — it was the eighth largest, and smaller than two of former President Barack Obama's tax cuts, The Washington Post has noted — and that the unemployment rate has never been lower (it was 3.6 percent in May, but as low as 2.5 percent in 1953).
Trump railed against socialism, said Democrats are "more unhinged" than they ever have been, and in a moment straight out of 2016, he criticized Hillary Clinton, which triggered the crowd to start chanting, "Lock her up! Lock her up!" In one sign that Trump might be ready to leave the past behind him, he asked the audience to help him decide between sticking with "Make America Great Again" as his slogan or switching to "Keep America Great." By the amount of cheers, The Guardian reports, it was apparent the crowd preferred KAG to MAGA. Catherine Garcia