A federal judge has ruled that the "Access Hollywood" tape featuring former President Donald Trump bragging about being able to grope women without their consent can be used as evidence in a defamation case brought against him by writer E. Jean Carroll. The ruling also allows for testimony from two women who allege they were sexually assaulted by Trump, and the trial is set to begin in October. Trump has denied these allegations and his lawyers had requested that the judge block the accusers from testifying at trial, as well as the Access Hollywood tape from being played at the trial, but the judge rejected these requests.
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California regulators have abruptly shut down Silicon Valley Bank, a 40-year-old financial institution that catered to the tech industry, due to mounting concerns that customers were on the verge of pulling their money. The closure has caused a stir in the markets, raising questions about its potential impact on the broader banking system and economy. The Federal Deposit Insurance Corporation (FDIC) has taken control of the bank and is working to protect customers and sell the bank's assets.
The US economy added 311,000 jobs in February, according to the Bureau of Labor Statistics, and President Biden touted this as a sign of his agenda working. The unemployment rate rose to 3.6%, as more Americans began searching for work, and the Fed is monitoring the situation closely to ensure inflation remains in check. President Biden's agenda is having a positive impact on the US economy, and the Fed is likely to take steps to ensure inflation remains in check.
North Korea conducted a military drill on Friday, with Kim Jong Un in attendance, in response to the US-South Korean military drills that followed a North Korean missile launch on Thursday. Tensions between North Korea and the United States remain high, with North Korea continuing to develop its nuclear arsenal and the US maintaining a policy of maximum pressure on the regime. It is uncertain how the two sides will respond to each other's military actions in the coming weeks.
Key takeaways: The US economy added 311,000 jobs in February, according to the Department of Labor’s monthly employment snapshot. Leisure and hospitality, retail, health care,…
Three American tourists and a Mexican woman were tragically killed in an armed kidnapping in Matamoros, Mexico last week. In response, the Gulf Cartel Grupo Escorpiones has issued an apology letter and handed over five of their members to local authorities. The US State Department has also issued a statement condemning the violence and offering its condolences to the families of the victims, while urging US citizens to exercise caution when traveling in Mexico.
President Joe Biden has released his third budget proposal, which includes an increase in the Pentagon budget and funding for crime prevention. The White House believes that crime prevention should be a bipartisan effort, and the budget proposal will give insight into how the President plans to address the national debt and the unsustainable path of Medicare and Social Security. Director of the Office of Management and Budget, Shalanda Young, said that President Biden is sensitive to the size of the national debt and is looking for areas of agreement between the White House and congressional Republicans.
US Marine Corps Sergeant Tyler Vargas-Andrews gave emotional testimony at a House Foreign Affairs Committee hearing on the evacuation from Afghanistan, recounting his experience of the deadly terrorist attack at Kabul airport's Abbey Gate in August 2021. His testimony was a powerful reminder of the sacrifices made by US service members in Afghanistan, and the Committee will continue to investigate the circumstances of the attack and withdrawal.