Donald Trump's fortune, which he rode to fame and is closely tied to his public identity, could take a massive hit from back-to-back verdicts in two New York civil cases that have resulted in astronomical financial penalties for the former president. A New York judge on Friday ordered Trump to pay nearly $355 million – plus interest – for falsely altering his net worth on key financial statements to receive tax and insurance benefits. | |
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BY ELLA LEE AND ZACH SCHONFELD |
Former President Trump's business empire was dealt a stark blow Friday when a New York judge ordered him to pay more than $355 million for conspiring to alter his net worth to receive tax and insurance benefits. Judge Arthur Engoron had already found Trump, his business and top executives — including the former president's adult sons — liable for fraud before the trial began. But his ruling Friday issued penalties that threaten Trump's billionaire status and the future of the business that skyrocketed him to fame. Here are some key takeaways. |
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A New York judge on Friday ordered former President Trump to pay nearly $355 million in penalties in a civil fraud case that has dealt a stark blow to his family's business empire. Judge Arthur Engoron's 92-page decision came just weeks after closing arguments in the case capped a months-long trial during which Trump frequently lambasted the judge and the prosecutor who brought the case. |
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New York Attorney General Letitia James (D) praised Judge Arthur Engoron's Friday ruling in former President Trump's civil fraud case, which ordered Trump to pay more than $350 million. "Today, justice has been served. Today we proved that no one is above the law. No matter how rich, powerful or politically connected you are," James said during a press conference following the highly anticipated decision. |
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Eric Trump slammed the nearly $355 million fine levied on his father, former President Trump, by New York Judge Arthur Engoron Friday in the civil fraud trial, calling it "horribly sad." "My father built a skyline of New York City. And this is the thanks he gets for doing absolutely nothing wrong, not a dollar of financial loss? The exact opposite, hundreds of millions of dollars in financial gain," the younger Trump said Friday evening on Fox News's "The Ingraham Angle." |
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BY MIKE LILLIS AND MYCHAEL SCHNELL |
The Friday death of Russian opposition leader Alexei Navalny has cranked up the pressure on House GOP leaders to pass another round of aid to Ukraine to counter Moscow's aggression amid allegations that an emboldened Russian President Vladimir Putin had a hand in Navalny's demise. Supporters of Kyiv have argued for months that a failure of Congress to prop up the beleaguered U.S. ally would not only risk the fall of a sovereign Ukraine but also send a signal to the world that Washington can't be relied upon to defend democracy in the face of belligerent autocrats. |
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In June 2021, President Biden warned of "devastating" consequences for Russia if opposition leader Alexei Navalny died in prison. As that possibility became a reality Friday, the White House used Navalny's death to crystalize the dangers of walking away from Ukraine and NATO allies. And the president told reporters the White House is "looking at a whole number of options right now" about how to respond to Navalny's death. |
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Russian opposition leader Alexei Navalny reportedly died Friday, leading to an outpouring of grief worldwide. Navalny emerged as one of the most vocal critics of Russian President Vladimir Putin and was a popular figure known for standing up to the Kremlin and corruption in Russia. From a small-time politician and blogger to a major opposition leader and Russian presidential candidate who was poisoned and then imprisoned until his death, here's a timeline of the life of Navalny. |
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The GOP chair of the House Foreign Affairs Committee was bullish Friday on the chamber delivering U.S. military assistance to Ukraine, Israel and Taiwan, despite the "brainwashing" of some within his caucus who oppose foreign spending because of the crisis at the southern border. Rep. Michael McCaul (R-Texas) said Speaker Mike Johnson (R-La.) was committed to eventually moving President Biden's national security supplemental request, though the pathway remains unclear amid fierce pushback from the far right of the GOP. |
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OPINION | Never has an incumbent president with a record of progress and economic prosperity been dogged by so many challenges heading into the heart of election season. Even before the special council report aimed at his competence and age was released earlier this month, polling showed widespread doubts about President Biden's age and effectiveness. As the president finally steps into campaign mode, he can try to convince voters they are wrong, or he can focus his energy on the one issue that seems guaranteed to galvanize critical voters for him despite those doubts — abortion rights and access. |
OPINION | Smart guys in the White House and Pentagon specialize in devising ways to retaliate against attacks on American troops and bases with limited punitive blasts. The idea is they will scare our enemies into thinking twice before striking again, without actually having to go after them guns blazing. These formulations are like medical prescriptions. Give the bad guys an air strike, maybe two or three bombs, and hit another bunch a little harder. Second and third offenders may get an increased dose. |
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BY CARLOTTA GALL, MARC SANTORA AND CONSTANT MÉHEUT |
Ukraine ordered the complete withdrawal from the ruined city of Avdiivka in eastern Ukraine before dawn on Saturday, surrendering a city that had been a military stronghold for the better part of a decade, in the face of withering Russian bombardment and relentless assault. |
BY JARED MALSIN AND NANCY A. YOUSSEF |
ISTANBUL—The Biden administration is preparing to send bombs and other weapons to Israel that would add to its military arsenal even as the U.S. pushes for a cease-fire in the war in Gaza, according to current and former U.S. officials. |
Some state governments and federal regulators were already moving to keep individuals' reproductive health information private when a U.S. senator's report last week offered a new jolt, describing how cellphone location data was used to send millions of anti-abortion ads to people who visited Planned Parenthood offices. |
BY FENIT NIRAPPIL AND LENA H. SUN |
Concerns among medically vulnerable people are growing as the Centers for Disease Control and Prevention prepares to drop its long-standing recommendation that those with covid isolate for five days. |
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