A New York civil fraud judgment against Donald Trump and co-defendants surpassed $500 million in late December, accumulating over $114,000 in daily interest. This massive debt, stemming from a judge’s finding of manipulated financial statements to secure favorable loans and insurance, is currently under appeal. Trump personally owes approximately $490 million, a sum exceeding the combined 2025 budget proposals for Albany and New Rochelle. While the appeals court’s decision is pending, interest continues to accrue, adding to the substantial financial liability.
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In his final address to the armed forces, President Biden urged service members to uphold their constitutional oath, emphasizing the importance of values over skill. He highlighted his administration’s achievements benefiting veterans and military personnel, including the PACT Act and advancements in military justice and opportunities for women. Biden’s remarks, delivered just days before the confirmation of President-elect Trump’s controversial defense secretary nominee, implicitly cautioned against following unlawful orders. The president concluded by stressing the nation’s founding ideal of equality, urging the military to remain its steadfast defender.
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To streamline the hiring process, individuals associated with certain figures—including Charles Koch, John Bolton, Nikki Haley, and several other prominent conservatives—will not be considered. This decision reflects ongoing grievances and a willingness to leverage political power for retribution. The arbitrary nature of the list suggests a lack of coherent criteria beyond personal animosity. This exclusionary approach, targeting both former and current allies, highlights a persistent pattern of settling scores.
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In his Oval Office farewell address, President Biden warned of a burgeoning oligarchy in America, characterized by extreme wealth and power concentrated in the hands of a few, threatening democracy and equal opportunity. This concentration of power, exacerbated by record corporate lobbying and the influence of billionaires in the recent election, has resulted in a dramatic increase in wealth for the ultra-rich while hindering reform efforts. Biden’s concerns echoed those of Senator Sanders, who has long sounded the alarm about this issue. The incoming Trump administration, packed with corporate figures, further underscores this growing threat to American democracy.
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Nominee Scott Bessent, President-elect Trump’s pick for Treasury Secretary, testified before the Senate Banking Committee, prioritizing the extension of the 2017 Tax Cuts and Jobs Act as the most crucial economic issue. He argues that failing to extend these cuts, which disproportionately benefit the wealthy, would lead to economic calamity. Despite accusations of tax evasion and opposition to raising the minimum wage, Bessent’s confirmation is anticipated. The proposed extension would cost an estimated $4 trillion over a decade, a cost Bessent claims could be offset through other budget cuts.
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House Judiciary Democrats, led by Ranking Member Jamie Raskin, urged Attorney General Garland to release the unreleased portion of Special Counsel Jack Smith’s report on President Trump’s handling of classified documents. They argue that the public’s right to know outweighs concerns about ongoing prosecutions of Trump’s co-defendants, suggesting dismissing those charges as a solution to ensure transparency. This recommendation stems from fears that Trump would halt the prosecutions and suppress the report if re-elected. The Justice Department has yet to respond to this request. The first volume of the report detailed Trump’s actions leading up to the January 6th Capitol attack and his promotion of false election fraud claims.
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President Biden advocates for a constitutional amendment explicitly removing presidential immunity from prosecution for crimes committed while in office. This proposed amendment aims to ensure accountability for all actions taken by a president, regardless of their position. The call for such an amendment follows ongoing debates about executive power and the rule of law. This initiative seeks to clarify and strengthen the principle of equal justice under the law.
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Following Monday’s presidential handover, the Danish government will continue its dialogue with the Trump administration regarding Greenland. Prime Minister Mette Frederiksen spoke directly with President Trump, who complimented Denmark. Frederiksen extended an invitation for a visit, though no concrete plans were made. Despite the positive comment, the Prime Minister stressed that the situation between the U.S. and Denmark remains serious and requires ongoing careful management.
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Jason Miller, a senior advisor to President-elect Trump, used the phrase “Pound Town” to describe how FBI director nominee Kash Patel would handle questioning from Democrats during his confirmation hearing. This comment followed Attorney General nominee Pam Bondi’s testimony, where she endorsed Patel but avoided commenting on his controversial past statements, including his amplification of QAnon conspiracy theories and his plans to overhaul the FBI. Miller’s remark sparked significant online reaction, with many focusing on the ambiguous and potentially offensive nature of the phrase. The controversy highlights the contentious nature of Patel’s nomination and the ongoing political tensions.
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John Q. Hosedrinker