Trump's foundation assets to be distributed to charities

U.S. President Donald Trump's namesake charitable foundation has agreed to dissolve following a lawsuit by New York's attorney general claiming Trump misused the foundation to advance his 2016 presidential campaign and his businesses, the attorney general announced Tuesday.

New York Attorney General Barbara Underwood, a Democrat, said the Trump Foundation's assets will be distributed to charities that will be vetted by her office. The deal must still be approved by a New York state judge.