Billionaire Donald Trump Can’t Post His New York Fraud Bond

For all his bravado about his fabulous wealth, Donald Trump clearly doesn’t have the cash to handle his legal comeuppance.

On Wednesday, the former president counter-offered his now $454 million penalty in his New York civil fraud trial, suggesting instead that he could post a $100 million bond until his appeal concludes.

In a nearly 1,800-page court filing, Trump’s attorneys argued that it would be “impossible” to secure a bond covering the full amount of the multimillion-dollar ruling.

“The exorbitant and punitive amount of the Judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond,” Trump’s lawyers wrote, instead suggesting that Trump’s New York real estate could be used as collateral should he lose his appeal.

It’s unclear why Trump—who reportedly holds roughly $600 million in liquid assets—is struggling to pay off his legal debts, especially with all the help from his newly launched sneaker campaign and a fan-funded GoFundMe. Whatever the reason, it doesn’t matter. New York Attorney General Letitia James has said that she would seize some of his assets if he can’t muster the moolah.

“If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,” James told ABC last week.

Justice Arthur Engoron had originally slapped a $354 million fine on Trump for committing real estate–related fraud in New York, but by last week, that sum had grown to $454.2 million thanks to added interest, which is tacking on an additional $112,000 with each passing day.

The penalty also came with an addendum that Trump cannot serve as an officer or director of a New York company for three years, including his own Trump Organization. His two adult sons were also penalized by the ruling: They’ll have to stay out of New York business for two years. All in all, Trump will owe roughly $354 million for the real estate–related fraud. His two sons will owe $4 million each.

They will also be prevented from obtaining loans from any New York financial institutes for three years.

In a transparent attempt to salvage votes, Alabama Republicans have introduced a bill that would save in vitro fertilization across the state—but only until after the upcoming election.

On Tuesday, the Alabama legislature introduced Senate Bill 159, which would grant third-party fertility clinics immunity from IVF lawsuits. The measure follows a devastating ruling issued by the all-conservative Alabama Supreme Court earlier this month that classified single-celled, fertilized eggs as children, and which effectively stalled IVF access across the state.

The new bill would offer a great solution for a decision that affects roughly one in five married couples—if it weren’t for the fact that a 2025 automatic repeal date is baked into it.

Republicans have been roundly slammed for the restrictive ruling, with critics deriding it as the Handmaid’s Tale–esque outcome of the party’s decades-long crusade on reproductive rights across the country. As a result, the party has been on a tear in an attempt to save its “pro-family” branding.

The Senate Republican campaign arm recently issued a memo urging its political candidates to “clearly and concisely reject efforts by the government to restrict IVF.” But the effort casually glosses over the fact that many GOP lawmakers (including 166 House Republicans) supported the 2021 Life at Conception Act, which sought to recognize fertilized eggs as children at the federal level.

Republicans’ recent promises will be put to the test as early as Wednesday, when Democratic Senator Tammy Duckworth will introduce legislation to protect IVF at the federal level.

On Tuesday, Duckworth told NPR’s All Things Considered that she wasn’t happy to see the Republican-led effort to protect IVF in Alabama, claiming the party was only “covering their butts.”

“This is not just about one state and one Republican state politician who wants to try to cover his butt on this,” Duckworth said. “This is about the fact that Republicans across the nation have for decades now worked as hard as they can to give rights to a fertilized egg that are far greater than a living, breathing human being and to take away women’s access to reproductive health care.”

Duckworth’s bill is seeking unanimous consent to pass, calling the method the “fastest way to move forward”—assuming Republicans actually put their money where their mouths are. “And if they truly believe it and support IVF, then they won’t show up to object,” Duckworth said.

Republican Senate Minority Leader Mitch McConnell announced Wednesday that he is stepping down as GOP leader this November. The Kentucky Republican is the longest-serving Senate leader, and has served in Republican Senate leadership for nearly two decades.

McConnell, who is now 82 years old, will be leaving the post after a series of episodes last year where he seemed to freeze and shut down entirely in front of the press. The news comes as a wave of longtime members of Congress (especially Republicans) are also announcing their retirements, many of them exhausted by the infighting in recent years. McConnell will serve the remainder of his Senate term, which ends in 2027.

“I think back to my first days in the Senate with deep appreciation for the time that helped shape my view of the world,” McConnell said on the Senate floor Wednesday. “I’m unconflicted about the good within our country and the irreplaceable role we play as the leader of the free world.”

“Believe me, I know the politics within my party at this particular moment in time. I have many faults. Misunderstanding politics is not one of them.”

“One of life’s most underappreciated talents is to know when it’s time to move on to life’s next chapter,” McConnell concluded. “So I stand before you today...to say that this will be my last term as Republican leader of the Senate. I’m not going anywhere anytime soon. However, I’ll complete my job my colleagues have given me until we select a new leader in November and they take the helm next January.”

Republican senators were shocked by McConnell’s announcement, reportedly not having been informed of his resignation beforehand.

As Senate leader, McConnell had two main objectives in the role. First, he wanted to completely block campaign finance reform. Second, he wanted to stack the courts with conservative reactionaries.

McConnell’s main goal as Senate leader seemed to be to encourage more money in politics, welcoming the role of corporate America in U.S. democracy. It’s impossible to go through the full history of how he has blocked campaign finance reform efforts over his nearly 20 years in leadership, but he has opposed any real change at virtually every turn.

A big reason for his decades-long fight with former Senator John McCain, for example, was over McCain’s signature campaign finance law.

In 2002, the Bipartisan Campaign Reform Act, commonly known as the McCain-Feingold Act, aimed to limit the role of “soft money” in political campaigns as well as the political advertising of corporations and nonprofit organizations in elections. Almost immediately after it became law, McConnnell took the law to court, challenging its constitutionality. By 2010, the Supreme Court weighed in with Citizens United v. Federal Election Commission, overturning key aspects of the law and effectively freeing corporations to spend money directly advocating for the election or defeat of specific candidates.

This was a recurring theme for McConnell during his leadership. More recently, in 2021, he helped kill Democrats’ sweeping voting rights and election overhaul bill, which would have required additional disclosures on funding and stiffened campaign law enforcement. McConnell at the time called the bill, which would have also expanded voter registration and vote by mail options, “jaw-droppingly audacious.”

On the courts, McConnell was just as cruel in his leadership.

He single-handedly held up the appointment of Merrick Garland to the Supreme Court during President Barack Obama’s tenure—arguing that the president couldn’t appoint a Supreme Court justice in an election year. But when it came to President Donald Trump’s term, McConnell suddenly sang a very different tune.

He helped Trump appoint three Supreme Court justices, including Amy Coney Barrett in 2020. That Supreme Court, of course, overturned Roe v. Wade and repealed the right to abortion just two years later.

And it wasn’t only the Supreme Court. McConnell helped Trump completely reshape our judiciary, allowing Trump to appoint 54 appeals court judges during his 4-year tenure. For comparison, President Barack Obama appointed only 55 appeals court judges over his eight years in the White House. The court of appeals, it’s critical to note, handles tens of thousands of cases annually and is reshaping laws in ways that don’t get nearly as much attention as what the Supreme Court is doing.

All this to say, McConnell did nothing good for this country as Senate leader. He used his position in power to help only himself and his party.

This story has been updated.

House Oversight Chair James Comer is finally laying down his cards. Republicans’ Biden corruption impeachment crusade is over, at least for now.

“I am ready to try to begin to close this investigation,” Comer told reporters in the Capitol Wednesday. “This has been a very difficult investigation. This administration has been very obstructive. They haven’t been cooperative, [feels] like we are having to battle the Department of Justice and the FBI on a daily basis to get basic information.”

“Many of our witnesses that we brought in would be what I consider hostile witnesses, but at the end of the day I think with every interview we’ve learned new information and the basis of what we’ve learned is that the Bidens didn’t have a legitimate business,” he said.

It’s an amazing and last-minute reversal by one of the main House Republicans spearheading the entire Biden impeachment quest. In fact, embattled first son Hunter Biden testified in a closed-door hearing on Wednesday as part of the GOP’s investigation. But what should have been a major win for Republicans instead was accompanied by Comer’s admission of loss.

The sign of defeat comes as two major developments have essentially doomed Republicans’ impeachment efforts.

First, earlier this month, Republicans lost their key witness, Alexander Smirnov, who made up the very foundation of the GOP’s corruption claims about the president. Republicans had for months pointed to an FBI informant who in 2020 reported that President Joe Biden and his son Hunter Biden received $5 million each in bribes from a Ukrainian oligarch, thanks to Hunter Biden’s businesses. That claim, while unverified by the FBI, was the main piece of evidence Republicans pointed to in their impeachment quest. Republicans last year went so far as to publicly release the FBI’s report, over the agency’s objections.

But two weeks ago, Smirnov was indicted for lying to the FBI and essentially making up the whole thing. As if that wasn’t bad enough, upon arrest, the Justice Department reported that Smirnov confessed to law enforcement that the story actually came from Russian intelligence officers.

Republicans have been desperate to pretend that losing Smirnov wasn’t a big issue, but Comer’s admission on Wednesday seals the deal.

The other big problem, which Comer surely realizes, is that Republicans now have an even narrower majority in the House. Representative-elect Tom Suozzi will be sworn in on Wednesday, taking over George Santos’s House seat. House Republicans will soon hold a majority of just 219–213, with three vacancies in the chamber. As a reminder, they rushed through the impeachment of Homeland Security Secretary Alejandro Mayorkas with just one vote, hours before Suozzi was elected.

The numbers are no longer in Republicans’ favor, and the evidence definitely isn’t, either. Finally, Comer is waking up to that reality.

Republican Representative Lauren Boebert accused President Joe Biden of running a “crime family”—while just a couple hours before, her 18-year-old son was arrested in connection with a crime wave in Colorado.

Tyler Jay Boebert is facing 22 charges over “a recent string of vehicle trespass and property thefts” in Rifle, a town in Colorado’s 3rd congressional district, which his mom currently represents, said police.

The teen faces “four felony counts of Criminal Possession ID Documents—Multiple Victims, one felony count of Conspiracy to Commit a Felony, and over 15 additional misdemeanor and petty offenses,” according to the Rifle Police Department.

On the Garfield County Sheriff’s Office website Wednesday morning, Tyler Boebert was listed as a current inmate at Garfield County Jail.

To be clear, the criminal justice system in this country is not a joke—and neither is dragging politicians’ family members (let alone teenage kids) into the news cycle. But the irony is a bit startling given Representative Boebert’s own post on crime families Tuesday afternoon.

According to the Rifle Police Department, Tyler Boebert was arrested at around 2:30 p.m. on Tuesday. At 4:35 p.m., his mom took to social media to warn about the “Biden crime family.”

House Republicans including Lauren Boebert have been leading a fruitless crusade to impeach President Joe Biden while exposing his family’s corruption. But so far, their efforts have revealed no real evidence.

Just this month, their star witness, Alexander Smirnov, was indicted for lying to the FBI about claims that Joe Biden and Hunter Biden both received bribes from a Ukrainian oligarch. According to the Justice Department, upon arrest, Smironv admitted to law enforcement that the story came from Russian intelligence offices.