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The U.S. dollar is cooling off after a red-hot surge.Though it rose in the weeks following President Trump's election victory last November, the greenback has steadily fallen this year. It's now down to its lowest level since January 2015. Since January 3, the first trading day, the dollar is down 11 percent.It's down nearly 17 percent against the Mexican peso this year, a reversal of fortunes after Trump's campaign threats caused the peso to plunge. It's also down 12 percent against the euro and 7% against the pound. 541

The U.S. government is officially investigating Facebook.The Federal Trade Commission confirmed in a statement Monday that it is currently investigating Facebook data practices as the company faces new scrutiny from the Cambridge Analytica scandal."The FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook," said Tom Pahl, acting director of the FTC's Bureau of Consumer Protection. "Today, the FTC is confirming that it has an open non-public investigation into these practices."News broke earlier this month that Cambridge Analytica, a data firm with ties to President Donald Trump's campaign, reportedly accessed information from about 50 million Facebook users without their knowledge.CNN reported last week that the FTC was sending a letter to Facebook with questions about how the social media company allowed the data to wind up in the hands of Trump campaign consultants.Facebook stock was down 4% in early trading Monday.Reps for Facebook did not immediately respond to a request for comment.  1077

The White House has cut ties with a senior adviser to first lady Melania Trump after it was revealed the aide's firm was paid close to million to plan events around President Donald Trump's inauguration.The first lady's office said in a statement that it ended its contract with Stephanie Winston Wolkoff, who had been working as a special government employee."The Office of the First Lady severed the gratuitous services contract with Ms. Wolkoff. We thank her for her hard work and wish her all the best," said spokeswoman Stephanie Grisham.The New York Times first reported Wolkoff's departure.Inauguration committee tax documents revealed last week showed WIS Media Partners, a company based in Marina Del Ray, California, and founded by Wolkoff, received ,843,509 for "event production services."The roughly million the company received for its work on the inauguration was likely passed through to other vendors and event coordinators. The New York Times reported that Wolkoff personally received .62 million for her work.She told the Times on Monday that most of the million was paid to subcontractors, and that the .62 million was divided among 15 employees. Messages left by CNN with Wolkoff were not immediately returned.Last week, Grisham said Melania Trump "had no involvement" in planning the inauguration and had "no knowledge of how funds were spent."Trump and Wolkoff are longtime friends.  1438

The Washington Post has settled a libel lawsuit with Kentucky high school student Nicholas Sandmann, who was at the center of a viral video controversy in 2019.Sandmann sued several news media outlets after their coverage falsely painted his as a racist, wearing a ‘Make America Great Again’ hat during an interaction with a Native American activist near the Lincoln Memorial in Washington D.C. Judge William O. Bertelsman previously dismissed the lawsuit, but later reinstated the case, after he reviewed an amended complaint.On Friday, Sandmann celebrated the settlement on Twitter. 592

The White House Correspondents' Association is shelving its tradition of having a comedian roast the president and the press corps at its annual fundraising dinner.Instead, the famed author Ron Chernow will "share his lively, deeply researched perspectives on American politics and history at the 2019 White House Correspondents' Dinner," the association's president Olivier Knox said.Knox made the announcement on Monday. For several months, he had been leaning against inviting a comic, and he had been conferring with other members about the change.President Trump has snubbed the event two years in a row, and there is little reason to believe that he will attend next dinner, which is scheduled for April 27, 2019.The dinner is a key date on Washington's social calendar. But its meaning has changed amid constant attacks on the media and increasing political polarization. Booking Chernow instead of a stand-up performer is a recognition that the annual dinner changes dramatically when the president isn't there.So the association had to rethink things.Historically, Knox told CNN earlier this year, "when the president comes, the program's center of gravity naturally tilts toward the president." After he speaks and ribs the press corps, the featured comedian serves as the counter-balance. But with the president absent, the dinner has a different, more combative feel.Knox and the association's board members are trying to change that."As we celebrate the importance of a free and independent news media to the health of the republic, I look forward to hearing Ron place this unusual moment in the context of American history," Knox said in a statement on Monday.Chernow is the author of six books, including best selling titles about Alexander Hamilton and George Washington. The Hamilton biography inspired Lin-Manuel Miranda's Broadway hit musical "Hamilton," and Chernow served as a historical consultant on the production.Chernow said in a statement, "The White House Correspondents' Association has asked me to make the case for the First Amendment and I am happy to oblige. Freedom of the press is always a timely subject and this seems like the perfect moment to go back to basics. My major worry these days is that we Americans will forget who we are as a people and historians should serve as our chief custodians in preserving that rich storehouse of memory. While I have never been mistaken for a stand-up comedian, I promise that my history lesson won't be dry."Comedienne Michelle Wolf spurred debate about the dinner format when she performed at last April's dinner.Some attendees loved her set, while others cringed at some parts of it.Afterward, Trump allies claimed that the jokes proved the press corps' hatred of Trump. Trump tweeted that the dinner was "embarrassing" and the event is "dead."The correspondents' association -- which did not vet her monologue ahead of time -- expressed regret that the controversy over the jokes overshadowed the dinner's First Amendment message. 3019

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