Iceland PM Steps Down

(REYKJAVIK) — A member of the Icelandic government says embattled Prime Minister Sigmundur David Gunnlaugsson will resign amid the controversy over his offshore holdings.

Agriculture Minister Sigurdur Ingi Johannsson told Icelandic broadcaster RUV that Gunnlaugsson was stepping down as leader of the country's coalition government.

Opposition lawmakers say Gunnlaugsson's offshore holdings amounted to a major conflict of interest with his job.