New York Attorney General Letitia James opposes Trump bond in civil fraud case
CBSN
New York Attorney General Letitia James on Friday filed a memorandum of opposition to the surety company that holds the $175 million bond for former President Donald Trump as he appeals the $460 million decision against him in the civil fraud trial earlier this year.
The attorney general's office says it is concerned about the financials of the bondholder, Knight Specialty Insurance company, and the collateral for the bond.
The $175 million in cash that Trump claims to have provided as collateral in a bank account is in the DJT Revocable Trust and not under Knight's control, as it should be, the attorney general's office argued. Because Trump still has access to the funds, he's still able to make withdrawals, or replace the funds with other assets that could fluctuate with the markets. And if the value drops below $175 million, the bond is no longer secured, according to the attorney general.
Business owners said that a Supreme Court ruling on Friday striking down sweeping U.S. tariffs could spell relief by lowering their costs and potentially leading to refunds. Edited by Alain Sherter
Washington — The Supreme Court on Friday ruled President Trump does not have the authority to unilaterally impose sweeping tariffs on nearly every country under a federal emergency powers law, delivering a significant blow to the president's signature economic policy.
American freeskier Hunter Hess got to the end of his successful run in Olympic halfpipe qualifying, then leaned into the camera. He bent his left thumb and forefinger into the shape of an "L," lifted it to his forehead and pointed at it with the other hand. In:
A Milwaukee, Wisconsin, detective had an unconventional idea of how to help solve the murder of 19-year-old college student Sade Robinson. In:
Property taxes around the U.S. have long been a lightning rod for debate, with political leaders perpetually balancing the need to fund their budget priorities against the risk of alienating homeowners and businesses. This week, for example, New York City Mayor Zohran Mamdani sparked an uproar by proposing to close a budget hole by sharply raising property taxes. Edited by Alain Sherter In:
U.S. fighter jets were scrambled Thursday to intercept multiple Russian bombers, fighter jets and a spy plane that were spotted flying off the coast of Alaska, U.S. authorities said. In:
The two rounds of indirect talks between the U.S. and Iran have produced unique proposals addressing Iran's nuclear program — its enrichment capabilities and supply of highly enriched uranium — and how to make a deal that's economically beneficial to both countries, diplomatic sources tell CBS News.
Eric Dane, the actor best known for his role as Dr. Mark Sloan on the hit medical series "Grey's Anatomy," has died at the age of 53, his family announced Thursday. Kerry Breen contributed to this report. In:
President Trump on Thursday directed his administration to release files on UFOs and any "alien and extraterrestrial life," an issue that has drawn decades of public fascination — and spawned more than a few wild theories. In:
Truckee, California — Survivors tried to unbury their friends when an avalanche struck a group of backcountry skiers near Lake Tahoe in Northern California earlier this week, according to new harrowing details from a local sheriff's official. The avalanche, the deadliest in California history, killed at least eight people and left a ninth person missing. In:
A lawsuit against Amazon alleging the retailer sold a chemical on its website that played a role in the suicides of several teenagers and adults can proceed to trial, the Washington State Supreme Court ruled on Thursday. Edited by Alain Sherter In:
FBI Director Kash Patel, whose use of a government jet has frequently come under scrutiny, flew on a Justice Department plane Thursday to Italy with plans to attend the Olympic hockey medal rounds, according to public data and sources familiar with the matter. In:
Team USA defeated Canada in a stunning 2-1 overtime comeback win at the 2026 Milan Cortina Winter Games to take home their third Olympic gold medal in women's ice hockey. In: