The Supreme Court heard arguments on Tuesday in a case that could determine the future of the Consumer Financial Protection Bureau (CFPB). Noel Francisco, who argued on behalf of the trade associations challenging the CFPB's funding structure, faced tough questioning from the justices. If the court rules in favor of the trade associations, it could gut the agency’s funding and have a major impact on the post-financial crisis regulatory landscape. The Supreme Court is expected to issue a ruling on the case in the coming months.
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Former President Donald Trump is facing a civil trial in New York Superior Court, accused of falsifying business and personal records for financial gain. The trial is being overseen by New York Attorney General Letitia James, and could result in significant financial penalties for Trump and other defendants if found guilty. Witnesses are being called to testify, and the outcome of the trial could have significant implications for Trump and his business empire.
Former President Donald Trump may be facing a financial catastrophe, according to his former attorney Michael Cohen, after a New York Judge ordered the dissolution of some of Trump's companies and New York Attorney General Letitia James filed a $250 million civil lawsuit against Trump and others at the Trump Organization. White House Press Secretary Jen Psaki called the ruling a "corporate death sentence" for Trump, and Cohen echoed the sentiment, saying it is "the deathblow to Donald." The lawsuit is set to play out in a courtroom in lower Manhattan, with potential dire consequences for Trump.
With the midnight deadline looming, the US is facing a potential government shutdown due to a disagreement between hard-right Republicans and the White House over spending cuts and border security. If a shutdown occurs, it would mean no paychecks for federal workers, the closure of federal parks and monuments, and disruptions to food and education programs for low-income children. The White House and Congress are continuing to negotiate in an effort to reach a deal before the deadline.
The looming government shutdown threatens to severely limit public access to America's national parks, putting tens of thousands of people and gateway towns in an economic chokehold. The National Park Service has announced plans to shutter the majority of national park sites, restricting access, locking gates and bolting bathrooms, if the government shuts down as expected on Sunday. The closure of these parks will have a significant impact on the local economies and visitors.
The United Auto Workers (UAW) has announced the expansion of its strike at Ford and General Motors to include another 7,000 workers, bringing the total number of striking workers to over 50,000. The strike is in response to the automakers' refusal to make meaningful progress in negotiations over wages, job security, and health care benefits. GM has estimated that it has lost $2 billion in profits since the strike began, and the union is hoping that the additional 7,000 workers will help to pressure the automakers into making a deal.
Key takeaways: Arizona and Utah are investing state funds to keep Grand Canyon, Zion, Arches, Bryce Canyon, Capitol Reef and Canyonlands national parks open. The…
New York Attorney General Letitia James is bringing a $250 million civil fraud trial against the Trump Organization, calling former President Donald Trump and his three oldest children to the stand next week. Allen Weisselberg, the former chief financial officer of the Trump Organization, is also on the witness list. The Trump Organization has denied any wrongdoing and accused the New York Attorney General's office of pursuing a politically motivated case. The trial is scheduled to begin on Monday and is expected to last several weeks.