| A street under water in Austin, Tex., on Monday. Drew Anthony Smith/Getty Images | Your Tuesday Briefing By ADEEL HASSAN |
Good morning. |
Here's what you need to know: |
• A new mega deal.
|
Charter Communications and the media mogul John C. Malone today said they would buy Time Warner Cable for about $56.7 billion. |
Charter, which would become the nation's second-largest cable operator if the deal goes through, stayed on the sidelines until Comcast, the biggest cable company, withdrew its bid for Time Warner Cable last month. |
• Flooding fatalities. |
Texas crews resume looking for at least a dozen people missing after tornadoes, heavy rain and flooding in the Southwest. |
More than 20 people have been killed in the severe weather in Texas, Oklahoma and Mexico. |
• Cleveland's settlement over police conduct. |
The city's settlement with the Justice Department over what the federal authorities said was a pattern of unconstitutional policing and excessive use of force could be announced today. |
On Saturday, a judge declared a white Cleveland police officer not guilty of manslaughter for climbing onto the hood of a car and firing repeatedly at its unarmed occupants, both of them black. The verdict prompted protests over the weekend. |
• The battle against ISIS. |
Iraq announced today the launch of an operation to drive ISIS out of western Anbar Province, where the extremists captured the capital. |
It comes days after U.S. Defense Secretary Ashton B. Carter said Iraqi forces had demonstrated "no will to fight" against ISIS. |
• A busy break for Capitol Hill. |
In rare recess negotiations, senior lawmakers are trying to work out changes to legislation that would rein in the National Security Agency's dragnet of phone records. |
The Senate on Saturday failed to pass a short-term measure to keep the program running past June 1. It will resume debate on Sunday, just before its midnight expiration. |
• Decisions, decisions. |
Dozens of lawmakers say a health care law challenge now before the Supreme Court is there only because an inadvertent "drafting error" left four words in the bill by mistake. |
The court issues rulings today, but rulings on the health care, same-sex marriage and capital punishment cases will likely come next month. |
• Iran court hears American's case. |
A Washington Post reporter detained since July on charges of espionage appeared today before a judge known as "the judge of death" because of his tough sentences. |
The White House, The Post and family of the Jason Rezaian have all rejected the charges and have called for his release. |
• Taking on antibiotics. |
A plan to tackle resistance to antibiotic drugs is due to be adopted today by the World Health Organization. |
Recent studies concluded that without action to check antimicrobial resistance, superbugs would cause the deaths of 10 million people a year. |
• At the White House. |
President Obama holds a bilateral meeting with Jens Stoltenberg, NATO's secretary-general. |
• Abscam figure dies. |
John M. Murphy, who represented Staten Island in Congress for 18 years before being caught taking a $50,000 cash payment in the Abscam sting operation in the late 1970s, died Monday at age 88. |
MARKETS |
• Greece's interior minister raised new doubts about the country's solvency by saying there would not be enough money to pay its debts to the I.M.F. without a deal by June 5. |
• Wall Street stock futures and European shares are down today. Asian indexes rallied. |
OVER THE LONG WEEKEND |
• Ireland became the first country to legalize same-sex marriage by popular vote, distancing itself from the Roman Catholic Church. |
• The Justice Department found criminal wrongdoing in G.M.'s failure to disclose a faulty ignition defect tied to at least 104 deaths. |
• Two F-15 jets escorted an Air France flight into New York, one of at least six arriving intercontinental flights that were the subject of phone threats about chemical weapons or bombs. |
• The Nobel Prize-winning mathematician John Nash, 86, and his wife, Alicia, 82, died in a car crash. His struggle with schizophrenia was the subject of the book and film "A Beautiful Mind." |
• Also in memoriam: Marques Haynes, a Harlem Globetrotter, 89; and Anne Meara, a comedian and actress, 85. |
• Juan Pablo Montoya won the Indy 500 and Sweden won the Eurovision Song Contest. |
• "Tomorrowland" was a weak No. 1 during a slow weekend at the North American movie box office, and "Dheepan" won the Palme d'Or at the Cannes Film Festival. |
• Catching up on TV: Episode recaps for "Veep," "Silicon Valley" and "Game of Thrones." |
NOTEWORTHY |
• Sci-fi book deal. |
John Scalzi, a best-selling author of science fiction, signed a $3.4 million, 10-year deal for his next 13 books. |
New books out today include: Mat Johnson's "Loving Day," Kent Haruf's posthumous "Our Souls at Night," Dr. Henry Marsh's "Do No Harm" and Jacquie McNish's "Losing the Signal," about the rise and fall of BlackBerry. |
• Scoreboard. |
LeBron James will be in the N.B.A. Finals for the fifth straight year if his Cleveland Cavaliers defeat the Atlanta Hawks (8:30 p.m. Eastern, TNT). And the Houston Rockets stayed alive in the playoffs by beating the Golden State Warriors, 128-115, on Monday. |
The Tampa Bay Lightning look to eliminate the New York Rangers in the Stanley Cup playoffs (8 p.m. Eastern, NBCSN). And the Anaheim Ducks edged the Chicago Blackhawks, 5-4, on Monday. |
• Americans in Paris. |
A dozen tennis players from the U.S., including Serena Williams, Madison Keys and John Isner, are playing first-round matches today at the French Open (5-10 a.m. Eastern, ESPN2; 10 a.m.-3:30 p.m. Eastern, Tennis Channel). |
BACK STORY |
The world's biggest banks have been paying up for misdeeds like selling bad mortgages and manipulating currencies. |
The total in fines, compensation and restitution they've paid around the world has hit $235 billion since 2008, according to Reuters. |
Where does all that money go? |
There's no simple answer. In the U.S., some penalties go to pay back victims of fraud. Some rulings on home loans, for instance, earmarked money for programs that eased payment terms for mortgage holders. |
But sometimes, the money heads straight into government coffers. |
That's the case with much of the almost $6 billion in fines levied on five major banks last week for rate-rigging, according to our reporter on the story, Ben Protess. |
One big chunk goes to the New York State government, which filed some of the charges. Gov. Andrew Cuomo has used some payouts in the past for programs to revitalize the upstate economy and extend broadband service. |
Because of the Justice Department's involvement, another large portion goes directly into the U.S. Treasury, mostly for a fund that helps crime victims. |
"One might argue that the Justice Department has become a profit center for the U.S. government," Mr. Protess said. |
Andrea Kannapell and Victoria Shannon contributed reporting. |
Your Morning Briefing is published weekdays at 6 a.m. Eastern and updated on the web all morning. |
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