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British Prime Minister David Cameron announced he would resign in October 2016 following a referendum in which British voters approved an exit from the European Union. He said he respected the will of the voters, and that it was important for new leadership to oversee negotiations with EU leaders over the nation’s exit. Prime Minister Cameron said he would be meeting with his cabinet members and the European Council in the coming days to discuss the transition.

In the fourth of a series of policy releases, House Speaker Paul Ryan (R-WI), Ways and Means Committee Chair Kevin Brady (R-TX), and members of the tax-writing committee unveiled their party’s proposal to reform the tax code. Representative Brady said the new tax proposal works for all taxpayers and includes cuts and simplification.