Ayesha Rascoe

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Updated at 5:05 p.m. ET

Labor Secretary Alexander Acosta is stepping down after criticism over his role in a nonprosecution deal reached years ago with the well-connected businessman accused of sex crimes, Jeffrey Epstein.

Acosta appeared on Friday at the White House with President Trump and announced his resignation.

"I do not think it is fair for this administration's Labor Department to have Epstein as its focus rather than the incredible economy we have today," Acosta said. "The right thing was to step aside."

Updated at 2:47 p.m. ET

President Trump is standing by Labor Secretary Alexander Acosta, at least for now.

Acosta is facing calls for his resignation after new sex trafficking charges were filed against multimillionaire Jeffrey Epstein on Monday.

Tucked into the 2017 law intended to cut Americans' taxes was a program aimed at helping communities struggling with high unemployment and run-down housing.

What's not clear is who's actually getting the most assistance from it.

The program allows investors to defer and potentially lower their capital gains taxes in exchange for investing in designated low-income neighborhoods.

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Sen. Kamala Harris of California directly challenged former Vice President Joe Biden over his past opposition to federal busing policy, in a heated exchange on the second night of the first Democratic presidential primary debate.

This issue, from early in Biden's lengthy career in Congress, has hung over his campaign for president, creating a clear target for challengers to his front-runner status.

Updated at 4:35 p.m. ET

President Trump is threatening to use "overwhelming force" against Iran, after Tehran lashed out at the U.S. over the latest round of sanctions against the regime.

"Any attack by Iran on anything American will be met with great and overwhelming force. In some areas, overwhelming will mean obliteration," Trump tweeted.

Later at a White House event, Trump said he's prepared for whatever happens next with Iran.

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