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☆ Trump cited the ‘Scottsboro Boys’ case when he asked for a 2026 trial. Judge Chutkan rejected any comparison
▼ + stars: | 2023-08-29 | by ( Devan Cole | ) edition.cnn.com time to read: +6 min

A female judge, a Black judge, and to talk about that case and compare it to Trump’s case was absurd,” retired California Superior Court Judge LaDoris Hazzard Cordell told CNN’s Kaitlan Collins on CNN’s “The Source” Monday night. “And Judge Chutkan really took them up on it and said this case is entirely different. No comparison between Scottsboro Boys and Trump, judge saysTrump’s attorneys didn’t discuss the Supreme Court case during Monday’s hearing, but used the case to begin their August 17 brief to Chutkan. “The prompt disposition of criminal cases is to be commended and encouraged,” the 1932 Supreme Court ruling states. In addition to Powell, the trials also resulted in the 1935 Supreme Court case Norris v. Alabama, which paved the way for racially diverse juries.

Persons: Donald Trump, Jack Smith isn’t, Tanya Chutkan, “, ’ ” Chutkan, ” Chutkan, –, ”, Judge LaDoris Hazzard Cordell, CNN’s Kaitlan Collins, CNN’s, Chutkan, ” Cordell, Trump, didn’t, ” Trump, Jack Smith, John Lauro, Lauro, Powell, Norris, Clarence Norris, George Wallace, Paroles, Collins Organizations: Washington CNN, Boys, Powell v . Alabama, California Superior, Scottsboro Boys, Alabama, Scottsboro, Trump, . Alabama, Gov Locations: Scottsboro , Alabama, Powell v ., California, United States, Scottsboro, Memphis , Tennessee, ., Alabama

So far, at least 111 deaths have been confirmed in the wildfires, according to a release from Maui County. Names of other victims have been released by familiesFirefight continues : Crews are still battling the fires on Maui. “The people that were trying to put out these fires lived in those homes – 25 of our firefighters lost their homes,” Maui County Mayor Richard Bissen said Wednesday. “They watched their homes burn as they fought the fire for other homes in their neighborhood,” she explained. “That is a scar that we will carry for a very long time.”Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11.

Persons: John Pelletier, ” Pelletier, ”, Pelletier, Josh Green, CNN’s Wolf, “, Brenda Keau, ” Keau, Jeff Hickman, CNN’s Kaitlan Collins, ” Hickman, Melva Benjamin, Virginia Dofa, Alfredo Galinato, Robert Dyckman, Buddy Jantoc, Benjamin, Crews, Brad Ventura, ” Biden, Herman Andaya, would’ve, Matthew A, Foster, Richard Bissen, Aina Kohler, I’ve, Kohler, “ It’s, Jonny Varona, They’re, Wade Ebersole, it’s, who’s, ” Ebersole, ” Sarah Salmonese, Go Nakamura, Jae C, Patrick T, Fallon, Rick Bowmer, Justin Sullivan, Lauren Haley, Bryan Anselm, Makalea Ahhee, Yuki Iwamura, Mike Blake, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, Bob Marshall, ” Marshall, Marshall, Jim Kelly, ” Kelly, ” Darren Pai Organizations: CNN, Maui Police, Authorities, Hawaii Gov, Hawaii Department of Defense, Fire, White House, Maui, Maui Emergency Management, Tuesday . U.S . Army National Guard, Staff, KITV, Maui Health, Maui Memorial Medical, New York Times, AP, FBI, Facility, Getty, AP Volunteers, Grace Baptist, Reuters, Volunteers, Los Angeles Times, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, Whisker Labs, Maui Bird Conservation Center, The Washington, Hawaiian Electric, CNN Sunday Locations: Maui, Maui County, Hawaii, Lahaina, Tuesday ., ”, Lahaina , Hawaii, Wailuku, AFP, Kula , Hawaii, Kaanapali, Kula, Kihei, West Maui, Grace, Kahului, Napili, Honokowai, Honolulu, Maalaea, California, Las Vegas, Church, Lahaina Hongwanji, Makawao, Western Maui

☆ The new twist in Hunter Biden’s case is a huge political headache for his father
▼ + stars: | 2023-08-11 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —A sudden new twist in the investigation into Hunter Biden means his legal tribulations will likely stretch on for months, creating an unwelcome new drag on his father’s White House and reelection bid. Just weeks ago, the shadow of criminal suspicion over Hunter Biden seemed about to lift. The change of status followed the collapse of a deal last month that likely would have seen Hunter Biden get sentenced to probation after pleading guilty to two misdemeanor tax charges. But the symbolic weight of an appointment of a special counsel stiffens the perception of scandal and potential wrongdoing even if the legal realities of the case haven’t shifted. Important differences between Hunter Biden and Trump casesThere are two important distinctions between Biden and Trump that the Republicans are trying to blur.

Persons: Hunter Biden, David Weiss, Joe Biden’s, Weiss, Joe Biden, Alberto Gonzales, Jake Tapper ”, it’s, …, ”, Gonzales, George W, Bush, Merrick Garland, Hunter Biden’s, Abbe Lowell, CNN’s Kaitlan Collins, Lowell, Trump, Garland, Clinton, Biden, Donald Trump, It’s, Tanya Chutkan, David Axelrod, Barack Obama, Biden’s, Hunter, Tapper, James Comer –, –, “, Joe Biden hasn’t, ” Comer, Comer, he’s, General Garland, Kevin McCarthy, couldn’t, Carolina Sen, Lindsey Graham, General Garland’s, Hunter Biden – Organizations: CNN, House, Justice Department, White, House Republicans, Trump, Republican, GOP Locations: Delaware, Weiss, Florida, Ukraine, China, Kentucky, California, Carolina

☆ Trump’s surreal arraignment day in Washington augurs ominous days ahead
▼ + stars: | 2023-08-04 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

He was irked, sources familiar with his mindset told CNN’s Kaitlan Collins, that the judge referred to him simply as “Mr. Any alternative Republican president could find themselves besieged by demands from Trump supporters for a pardon that, if granted, could overshadow their entire presidency. The California Republican compared Trump’s behavior to the complaints by supporters of past Democratic presidential nominees Al Gore and Hillary Clinton, who complained of electoral irregularities. A few Democrats objected to certifying Trump’s election in Congress is 2016, but Clinton did not challenge it in the courts. But their blind spot on Trump’s far worse, Constitution-threatening conduct shows just how far he has changed their party.

Persons: Donald Trump, Trump, –, CNN’s Kaitlan Collins, Jack Smith –, “, ” Trump, pardoning, J, Michael Luttig, ” Luttig, ”, Geoff Duncan, ” Duncan, Richard Nixon, ” Nixon, Smith, Alberto Gonzales, George W, Bush, Ty Cobb, CNN’s Erin Burnett, Cobb, Elliot Williams, Biden’s, Kevin McCarthy, Al Gore, Hillary Clinton, ” McCarthy, Gore, Clinton, Kinzinger, Biden, Hunter Organizations: CNN, Washington, Republican, Capitol, Trump, Justice Department, Department of Justice, White, GOP, California Republican, Democratic, Supreme, CNN Republicans, Republicans Locations: America, United States, New Jersey, Georgia, California, China, Ukraine, Bedminster

☆ Bill Barr, on a mission to stop Trump, still might vote for him
▼ + stars: | 2023-08-03 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +10 min

Bill Barr was the attorney general under Trump and says the former president should not be anywhere near the Oval Office. BARR: “No, I really don’t think that’s a valid argument, because, as the indictment says, they’re not attacking his First Amendment right. So, free speech doesn’t give you the right to engage in a fraudulent conspiracy.”Did Trump know he lost the election? And in terms of his personal ethics, I think there’s some red flags there that I think people should be paying attention to. I don’t think he’s morally superior, necessarily, to Trump.”Are you doing interviews like this to make sure Trump is not the nominee?

Persons: CNN —, Donald Trump’s, Trump, Joe Biden’s, Biden, CNN’s Jennifer Agiesta, Ariel Edwards, Levy, don’t, Bill Barr, Barr, CNN’s Kaitlan Collins, Collins, BARR, “, they’re, Jack Smith, Trump’s, Steve, Bannon, Roger, Stone, ’ –, I’ve, it’s, Smith, You’ve, there’s, – Organizations: CNN, Trump, Republican, GOP, Republicans, Justice Department, Justice, “, America, Department, Republican Party Locations: Republican, Florida , Georgia, Virginia

CNN —Donald Trump has been indicted on federal charges related to 2020 election subversion, a stunning third time this year that the former president has faced criminal charges. “The Constitution has very few requirements to serve as President, such as being at least 35 years of age. Could a president serve from prison? “How someone would serve as president from prison is a happily untested question,” Hasen said. If Trump were to be convicted before the 2024 election and win the contest, he could try to grant himself a pardon, according to Hasen.

Persons: Donald Trump, Richard L, Hasen, –, Trump, ”, ” Hasen, Jack Smith, Robert Ray, “, Justice Department ”, John Lauro, CNN’s Kaitlan Collins, ” Lauro Organizations: CNN, University of California, Trump, Court, Justice Department Locations: Los Angeles, United States, Manhattan, New York, Florida

☆ Special counsel continues to schedule witness interviews even as potential Trump indictment loomsSpecial counsel continues to schedule witness interviews even as he moves closer to another possible Tr
▼ + stars: | 2023-07-20 | by ( Paula Reid Katelyn Polantz Kara Scannell Hannah Rabinowitz Jeremy Herb | Paula Reid | Katelyn Polantz | ) edition.cnn.com time to read: +4 min

On Thursday, Trump aide Will Russell testified to the grand jury investigating the 2020 election aftermath, including the January 6, 2021, attack on the US Capitol. But Smith’s office has continued to investigate the handling of classified material after Trump’s presidency ended, with inquiries of witnesses and grand jury activity. The letter, first reported by ABC News, indicates prosecutors are exploring possible false statement charges related to the employee’s grand jury testimony. Trump also was indicted in late March by a Manhattan grand jury in connection with an alleged hush-money scheme. The special counsel’s office is seeking Kerik’s communications around the 2020 election, a source familiar with the matter told CNN.

Persons: Donald Trump, Trump, Jack Smith, won’t, Bernie Kerik, indicting Trump, It’s, Smith, Will Russell, Stan Woodward, Woodward, Trevor McFadden, Walt Nauta, Lago, Kerik, Rudy Giuliani, Timothy Parlatore, CNN’s Kaitlan Collins Organizations: CNN, Trump, Former New York, Trump Organization, Mar, ABC News Locations: Former New York City, Manhattan

☆ Manchin’s New Hampshire trip will leave Democrats shivering
▼ + stars: | 2023-07-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

The West Virginia Democrat’s model has served him well with repeated statewide wins in one of the most conservative pro-Trump states in the nation. For now, Manchin’s noncommittal answers are worrying some of his Democratic colleagues. Polls show that both Biden and Trump, the front-runner for the GOP nomination, are unpopular. It argues, therefore, that 79 electoral votes are potentially at risk for Biden from the involvement of a third-party challenger. Such a challenger would also need to win states where Biden won big, and at least some conservative bastions.

Persons: West Virginia Sen, Joe Manchin, Donald Trump, Manchin, who’s, Joe Biden, roil Biden’s, CNN’s Manu Raju, –, “ I’ve, Biden, Manchin’s, Arizona Sen, Mark Kelly, ” Kelly, “ I’m, West, Vermont Sen, Bernie Sanders, Biden –, Georgia –, CNN’s Kaitlan Collins, Trump, “, Robert Kennedy Jr, ’, Kennedy, Ron DeSantis, DeSantis, Jake Tapper, ”, Jon Huntsman, Ryan Clancy, CNN’s Michael Smerconish, we’ve, Jill Stein, Ralph Nader, Gary Johnson –, Nader, Stein, siphoning, Al Gore, Hillary Clinton, CNN’s Harry Enten, don’t, Chris Christie, Trump’s, ” Christie Organizations: CNN, West, Democratic, West Virginia Democrat’s, Trump, Senate, Manchin, Harvard, Green, GOP, Biden, Florida Gov, Democratic National Committee, Republican Gov, Saint Anselm College in, Republican, Democrats, Green Party, Libertarian Party, Trump Republicans, Quinnipiac University, Former New Jersey Gov, ABC Locations: West Virginia, New Hampshire, Granite, Arizona, “ State, Vermont, Georgia, Covid, South Carolina, Florida, Saint Anselm College in Manchester, United States, Washington, Former

☆ 2020 election interference probe: New glimpses into investigation suggest peril could be growing for Trump and his associates
▼ + stars: | 2023-07-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Revelations that special counsel Jack Smith has been digging into efforts to overturn former President Donald Trump’s Arizona election loss in 2020 bolster growing indications that his investigation is nearing a critical point. Smith has already made Trump the first former president to be formally accused of federal crimes. But a flurry of details about Smith’s inquiries into alleged election-stealing efforts suggest his investigators have had an industrious summer. He said he talked about a call that he had with Trump and Giuliani after the election, and a second call just from Trump. Prosecutors were also set to talk to Georgia Secretary of State Brad Raffensperger, CNN reported in June.

Persons: Jack Smith, Donald Trump’s, Smith, Trump, pushback, Rusty Bowers –, –, Joe Biden’s, Biden, Rudy Giuliani, He’s, specter, it’s, Bowers, CNN’s Kaitlan Collins, Giuliani, Smith’s, Adrian Fontes, CNN’s Erin Burnett, Brad Raffensperger, Robert Costello, Sidney Powell, Michael Flynn, Patrick Byrne Organizations: CNN, Trump, Republican, Arizona House, FBI, GOP, Capitol, Arizona Republican, Arizona Republic, Arizona’s, Prosecutors Locations: Donald Trump’s Arizona, Florida, Arizona, Georgia, Washington, Manhattan, Trump, Nevada, York

☆ United CEO apologizes for flying private as airline cancels thousands of flights
▼ + stars: | 2023-06-30 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —United CEO Scott Kirby is apologizing to customers and his own employees after taking a private jet during a week when his airline was canceling thousands of flights. United customers have been plagued by flight delays, cancellations and lost luggage this week. On Friday as of the evening, United had 979 flight delays, or 34% of its operations, and 234 canceled flights, according to FlightAware. “The FAA frankly failed us this weekend,” said Kirby in an internal company memo to United staff shared with CNN on Wednesday. “Look, United Airlines has some internal issues they need to work through.

Persons: Scott Kirby, Kirby, ” Kirby, “, ”, Pete Buttigieg, They’ve, CNN’s Kaitlan Collins, Buttigieg, They’re Organizations: New, New York CNN —, Teterboro Airport, ”, Newark Liberty International Airport, Federal Aviation Administration, FAA, United, CNN, Newark, United Airlines Locations: New York, New Jersey, Denver , Colorado, Newark , New Jersey

☆ The Donald Trump view of elections was just rejected again
▼ + stars: | 2023-06-27 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

The news Tuesday is that the US Supreme Court squarely rejected the fringe legal theory by which far-right activists and supporters of Trump hoped to be able to ignore election outcomes. What exactly did the Supreme Court do? The case at hand – Moore v. Harper – had to do with a 2022 North Carolina congressional map rejected by the state’s Supreme Court. Trump supporters thought a riff on the independent state legislature theory, written by the former Trump lawyer John Eastman, could have kept him in office past 2020, even though he lost the election. “(Pence) should have put the votes back to the state legislatures and I think we would have had a different outcome.

Persons: Donald Trump, Trump, doesn’t, Jack Smith, Joe Biden, – Moore, Harper –, John Eastman, Eastman, Mike Pence, ”, John Roberts, Brett Kavanaugh, Amy Coney Barrett, Joan Biskupic, Roberts, ” Biskupic, ” Trump, CNN’s Kaitlan Collins, It’s, David Chalian, Roe, Wade Organizations: CNN, Justice Department, The Justice Department, Trump, Legislature, ”, Supreme, Eastman, Republican, Pentagon, White, Environmental Protection Agency Locations: North Carolina, California, Wisconsin , Pennsylvania, Georgia, Iran, United States, Alabama, Black

☆ Trump spoke at fundraiser on behalf of January 6 defendants
▼ + stars: | 2023-06-23 | by ( Alayna Treene | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump spoke Thursday at a fundraiser on behalf of defendants charged for their participation in the January 6, 2021, attack on the US Capitol, a Trump campaign official told CNN. Trump’s remarks come as prosecutors at both the state and federal level continue to investigate his efforts to overturn the 2020 presidential election. NBC News first reported on Trump’s remarks at the event. A Trump campaign official verified the authenticity of a video posted on Twitter of the former president’s remarks, during which Trump said he planned to make a contribution to the group. “I’m gonna make a contribution,” Trump told the crowd at his club.

Persons: Donald Trump, Trump, I’m, ” Trump, they’ve, CNN’s Kaitlan Collins, Jeffrey Clark, Cynthia Hughes, Derrick Evans Organizations: CNN, Trump, Patriot, NBC News, Twitter, Electoral, Capitol, Trump Justice Department Locations: Bedminster , New Jersey, network’s, Washington ,, West Virginia

Behind the US, we’re the next largest contributor to the effort to support Ukraine. US President Joe Biden and British Prime Minister Rishi Sunak hold a joint-press conference in the East Room of the White House in Washington, DC. Under former Prime Minister Boris Johnson, the UK pushed European and other Western allies to supply Ukraine with lethal defense systems and tanks. In his news conference on Thursday, Biden also said he was confident that Congress would continue providing support for Ukraine. “The fact of the matter is that I believe we’ll have the funding necessary to support Ukraine as long as it takes,” Biden said.

Persons: Joe Biden, Donald Trump, Ron DeSantis, CNN’s Kaitlan Collins, Rishi Sunak, ” Sunak, Blair, Biden, “, ”, Trump, Sunak, Andrew Caballero, Reynolds, Boris Johnson, Volodymyr Zelensky, Johnson, ” Biden Organizations: CNN —, GOP, Russia, Florida Gov, CNN, NATO, British, White, Getty, Ukraine Locations: CNN — Ukraine, Ukraine, British, America, Washington , DC, AFP, United States, Kyiv, Russia, Nova

An announcement by the PGA Tour declared a partnership with the Saudi-backed LIV Golf, as well as the DP World Tour, unifying the trio under a new, yet-to-be-named, commercial entity. An eight-time winner on the PGA Tour and the 2020 US Open champion, DeChambeau’s move was a huge coup for LIV Golf. Yet many of the game’s biggest stars stayed put, with several becoming outspoken critics of LIV Golf. The latter purportedly turned down a $700 - $800 million offer to join the breakaway series, according to LIV Golf CEO Greg Norman. “I do feel bad for the PGA Tour players because they were told one thing and something else happened.

Persons: Bryson DeChambeau, “, LIV, DeChambeau, DeChambeau’s, LIV Golf, Rory McIlroy, Tiger Woods, Greg Norman, CNN’s Kaitlan Collins, ” DeChambeau, it’s, Suhaimi Abdullah, Saudi Arabia’s, LIV Golf’s, Mohammed bin Salman, Jamal Khashoggi, Bin Salman, Quizzed, Collins, “ I’m, I’m, ” Bryson, Brett Eagleson, Maddie Meyer, ” Organizations: CNN, PGA Tour, Saudi Arabia’s Public Investment Fund, PGA, “, LIV, Sentosa Golf Club, Saudi, Congress, United, America, Getty Locations: Saudi, Singapore, Saudi Arabia, Washington, al Qaeda

☆ Trump on tape: Here’s what it means and what’s next
▼ + stars: | 2023-06-01 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

Most people recall the “Access Hollywood” tape of Trump using vulgar language to argue that “stars” can grab women. It also adds his Bedminster club to the potential locations where Trump had classified documents after leaving office. In response to the report, a Trump campaign spokesman said “leaks” are meant to “inflame tensions” around Trump. (The document Trump references was not produced by Milley, CNN was told.) Besides the ongoing investigations into the aftermath of the 2020 election, here’s what else is looming over Trump.

Persons: Donald Trump’s, Trump, Joe Biden’s, Jack Smith, who’s, ”, Elie Honig, Jake Tapper, ” Trump, undercuts, Smith, CNN’s Katelyn Polantz, Paula Reid, Kaitlan Collins, Mark Milley, Susan Glasser, Milley, CNN’s Haley Britzky, ” Beth Sanner, “, CNN’s Kaitlan Collins Organizations: CNN, GOP, Trump, Department of Justice, ” CNN, Joint Chiefs, Staff, Milley, Chiefs, National Intelligence Locations: New York, Georgia, Peach State, Bedminster, Trump, Iran, Milley, New Hampshire

Ron DeSantis has said little publicly about the six-week abortion ban he signed this year or about former President Donald Trump. “Some people are at six weeks, some people are at three weeks, two weeks,” Trump told CNN’s Kaitlan Collins. “Without me there would be no 6 weeks, 10 weeks, 15 weeks, or whatever is finally agreed to. Thank you President TRUMP!! DeSantis signaled early that he intended to track to the right of Trump on at least one issue: the pandemic response.

☆ Exclusive: Special Counsel investigating Trump set to receive 16 records showing he knew process to properly declassify documents
▼ + stars: | 2023-05-17 | by ( Jamie Gangel Zachary Cohen Evan Perez Paula Reid | Jamie Gangel | Zachary Cohen | ) edition.cnn.com time to read: +6 min

Trump and his allies have insisted that as president, Trump did not have to follow a specific process to declassify documents. The 16 records may help federal investigators overcome a significant obstacle to a potential prosecution of the former president. The special counsel was also given access to other records not challenged by the Trump team. Ultimately, the special counsel identified the 16 records in question as relevant to the grand jury investigation. “You have the Presidential Records Act.

New York CNN —CNN’s Kaitlan Collins will anchor a new show at 9 pm starting in June, CNN CEO Chris Licht announced Wednesday. Since then, the 9 pm slot was hosted by a cast of CNN anchors, special interviews and town halls. Licht said Collins will leave the CNN This Morning show, which will be led by Poppy Harlow “alongside a rotation of CNN guest anchors.” Collins’ departure from the morning show is the second in a month after Don Lemon parted ways with CNN in April. CNN's Kaitlan Collins Jeremy Freeman/CNNCollins last week interviewed former President Donald Trump during CNN’s contentious and controversial town hall event. “I’m so thankful for my friend and co-anchor Poppy and will be cheering on the CNN This Morning team every day.”Collins, 31, joined CNN in 2017 as White House reporter.

☆ Premarket stocks: What happens if the debt ceiling and banking crisis collide?
▼ + stars: | 2023-05-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —President Joe Biden said over the weekend that debt ceiling negotiations were moving along and that talks between the White House and House Speaker Kevin McCarthy would resume on Tuesday. It may become more difficult to access credit, further exacerbating the challenges individuals and companies are already facing because of the banking crisis. Before the Bell: What do the ongoing debt ceiling negotiations mean to small and medium businesses? Do you think bank executives and members of the business community can put pressure on Congress and the White House to come to a deal? The White House has estimated more than 8 million jobs would get wiped out if there is a protracted default.

☆ ‘Every family should be concerned’ about debt ceiling, consumer watchdog warns
▼ + stars: | 2023-05-12 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Every family should be concerned,” Rohit Chopra, director of the Consumer Financial Protection Bureau, told CNN in an interview on Thursday. If Congress fails to address the debt ceiling, the federal government could run out of money as soon as June 1, according to Treasury Secretary Janet Yellen. “A lot of things we assume are part of our financial fabric would get ripped away,” Chopra told CNN. The debt ceiling is very likely to be a focus next week when Yellen is scheduled to meet with leading bank CEOs in Washington at a trade association meeting. Moody’s Analytics on Wednesday increased its probability of a breach of the debt ceiling to 10%, up from 5% previously.

☆ Fact Check-Five Donald Trump statements examined after CNN town hall
▼ + stars: | 2023-05-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

Former U.S. President Donald Trump took questions from CNN’s Kaitlan Collins and audience members during a televised town hall on Wednesday, with the 2024 Republican front-runner pressing for a second White House term. Trump received 74.2 million votes in the 2020 presidential election, surpassing former President Barack Obama’s record number of votes for an incumbent candidate. State governments, courts and members of Trump’s administration have repeatedly rejected claims made by the former president that the 2020 election was stolen (here). CLAIM“We were energy independent” during the Trump administration. For more details on the U.S. border wall during the Trump administration, see (here).

Notably, Trump refused to plant a flag in the sand on a potential federal abortion ban. Trump is vague on federal abortion banTrump repeatedly ducked questions about whether he would sign into law a federal abortion ban, as well as after how many weeks into a pregnancy abortion should be made illegal. He touted the Supreme Court’s decision last year to overturn Roe v. Wade’s federal abortion rights as “such a great victory” – and one made possible by his appointment of three conservative justices. But Trump also recognized splits within the GOP over whether to impose a federal abortion ban, and what the conditions of such a ban should be. “We now have a great negotiating ability, and I think we’re going to be able to get something done,” Trump said.

☆ US regulators are working to bail out SVB customers
▼ + stars: | 2023-03-12 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —American regulators are working through the weekend on an extraordinary plan to make Silicon Valley Bank customers whole after the financial institutions’ stunning and rapid collapse late last week. Treasury, Federal Reserve and Federal Deposit Insurance Corp. officials over the past two days have worked with the Biden administration to develop facilities that would guarantee all uninsured deposits held by SVB customers. If a sale fails, customers could collect some of their uninsured deposits as the government unwinds and liquidates the bank’s assets to repay them. As of the end of last year, Silicon Valley Bank said it had $151.5 billion in uninsured deposits, $137.6 billion of which was held by American customers. Customers yanked $42 billion from Silicon Valley Bank on Thursday, leaving the bank with $1 billion in negative cash balance, the company said in a regulatory filing.

☆ What’s the next Silicon Valley Bank — and how can the US prevent more chaos?
▼ + stars: | 2023-03-12 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

New York CNN —Silicon Valley Bank failed in rapid, stunning fashion Friday. What took place Friday was an old-fashioned bank run: Customers yanked $42 billion from Silicon Valley Bank on Thursday, leaving the bank with $1 billion in negative cash balance, the company said in a regulatory filing. As of the end of last year, Silicon Valley Bank said it had $151.5 billion in uninsured deposits, $137.6 billion of which was held by American customers. Wall Street is also concerned the tech companies that kept their cash with Silicon Valley Bank could collapse. What a bailout might look likeCalls for a bailout have grown over the weekend from Silicon Valley to Wall Street.

☆ Strong midterm turnout in Georgia sparks new debate about a controversial election law
▼ + stars: | 2022-12-10 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +8 min

CNN —The strong turnout in Georgia’s runoff election that cemented Democrats’ control of the US Senate is sparking fresh debate about the impact of the state’s controversial 2021 election law and could trigger a new round of election rule changes next year in the Republican-led state legislature. “There’s no truth to voter suppression,” Raffensperger said in an interview this week with CNN’s Kaitlan Collins, a day after Democratic Sen. Raphael Warnock secured reelection in the first federal election cycle since Georgia voting law took effect. State election officials had opposed casting ballots on that date, saying Georgia law prohibited voting on a Saturday if there is a state holiday on the Thursday or Friday before. In the CNN interview earlier this week, Raffensperger suggested that the Republican-controlled General Assembly might revisit some of the state’s election rules, including potentially lowering to 45% the threshold needed to win a general election outright. “There will be a push for this in the upcoming legislative session,” said Daniel Baggerman, president of Better Ballot Georgia, a group advocating for the instant runoff.

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