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AXIOS AXIOS ... News worthy of your time. ... Politics & Policy ... August 10th, 2022 Original article: Peter Burgess COMMENTARY Peter Burgess | ||
Updated 11 mins ago -
AXIOS ... News worthy of your time. ... Politics & Policy ... August 10th, 2022
Trump says he invoked Fifth Amendment in N.Y. attorney general deposition
Erin Doherty
Former President Trump leaves Trump Tower on Wednesday for a deposition with the New York attorney general's office. Photo: James Devaney/GC Images
Former President Trump said Wednesday that he refused to answer any questions from New York Attorney General Letitia James (D) in the civil investigation over his business.
Why it matters: The deposition comes as Trump has faced a new level of legal scrutiny and just days after the FBI executed a search warrant at the former president's Mar-a-Lago residence in an unrelated investigation.
What he's saying: 'Under the advice of my counsel, ... I declined to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution,' Trump said in a post on his Truth Social account.
'I once asked, 'if you're innocent, why are you taking the Fifth Amendment?' Now I know the answer to that question,' he also said. 'When your family, your company and all the people in your orbit have become the targets of an unfounded, politically motivated Witch Hunt ... you have no choice.'
Driving the news: Trump earlier on Wednesday said that he would face questioning Wednesday from the New York state attorney general's office in its civil investigation.
Trump said on his Truth Social account earlier on Wednesday that he would be seeing James 'for a continuation of the greatest Witch Hunt in U.S. history! My great company, and myself, are being attacked from all sides. Banana Republic!'
State of play: James opened a civil investigation into the Trump organization's financial dealings earlier this year, alleging the company used 'fraudulent and misleading asset valuations to obtain economic benefits.'
Trump and two of his adult children, Donald Jr. and Ivanka, were scheduled to testify last month, but the office of New York's attorney general postponed the depositions after the death of Ivana Trump.
Trump has denied the allegations, saying that seeking the best valuations is a common practice in the real estate industry, AP reports.
The big picture: Wednesday's deposition comes as Trump is in the middle of numerous other legal battles, including the Justice Department's investigation into efforts to overturn the 2020 presidential election.
The FBI investigation on Monday is likely related to documents Trump took from the White House that may have been classified, two sources familiar with the matter told Axios' Jonathan Swan.
Go deeper... Judge lifts Trump's contempt order in New York civil investigation
Editor's note: This story has been updated with new details.
Go deeper
Herb Scribner
2 mins ago - Politics & Policy
President Biden signs bill to help veterans exposed to burn pits
President Joe Biden speaks before signing the PACT Act. Photo: Al Drago/Bloomberg via Getty Images
President Biden signed the PACT Act into law Wednesday, expanding health care benefits for veterans exposed to toxic burn pits.
Driving the news: The bipartisan bill is the biggest expansion to veterans' health care and benefits in the last three decades, the White House said.
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Rebecca Falconer
Rebecca Falconer
Andrew Freedman
Updated 44 mins ago - Energy & Environment
Drought threatens 60% of EU and U.K. as Europe faces 'critical situation'
A map of drought-hit countries across the EU
Photo: European Drought Observatory
Drought conditions are affecting about 60% of the EU and the U.K., exacerbated by climate-change driven record heat across Europe this summer, according to new research from the European Drought Observatory.
Why it matters: France, Spain, Italy and the Netherlands are facing water shortages and riverbeds are drying out across Europe. Dry conditions are severely affecting energy production, agriculture and river transportation.
Go deeper (2 min. read)
Neil Irwin
Neil Irwin
2 hours ago - Economy & Business
Inflation drops to zero in July due to falling gas prices
Data: U.S. Department of Labor; Chart: Axios Visuals
Data: U.S. Department of Labor; Chart: Axios Visuals
Consumer prices were unchanged in July, as plunging prices for gasoline dragged the Consumer Price Index down to zero. Core inflation, which excludes energy and food, rose only 0.3%, below what analysts expected.
Driving the news: The Labor Department reported that overall consumer prices rose 0% last month, and are up 8.5% over the past year. That compares to a 9.1% year-over-year reported in June.
News worthy of your time.
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