Economy

Spicer Won't Give Straight Answer on Reported Changes to Trump Trust

Spicer Won't Give Straight Answer on Reported Changes to Trump Trust

Press secretary Sean Spicer was asked during the daily White House press briefing if Trump has reached across the aisle to Democrats more than a week after the House GOP's healthcare bill fell flat because of opposition from Democrats and the conservative House Freedom Caucus.

He also dismissed the Pulitzer Prize-winning ProPublica as a "left-wing blog".

It's not clear why Trump added the language to the trust document.

Past presidents have traditionally sold their financial interests or sequestered them in "blind trusts", overseen by independent monitors with complete control.

In other words, the authorization of undisclosed requests from distributions in Trump's trust agreement is fully in keeping with the law and the government's standard agreements. That's because both the trust and Trump Organisation are privately held.

Mr. Trump has pledged to get reports only on the Trump Organization's basic financial performance, although that has no force of law.

"[The trust] shall distribute net income or principal to Donald J. Trump at his request" or whenever his son and longtime attorney "deem appropriate".

Axed Indian-origin S African Minister rubbishes intel report
Zuma is said to have presented the intelligence report to ANC leaders and the SACP as justification for dumping Pravin and Jonas. Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts.

The previously unreported changes to a trust document, signed on February 10, stipulates that it "shall distribute net income or principal to Donald J. Trump at his request" or whenever his son and longtime attorney "deem appropriate".

Questions about how deeply involved the president can be with his his businesses have cropped up with the announcement of the trust in January.

Nonetheless, ethics experts said the existence of the clause is a problem.

Since the election, President Trump has refused to divest his business interests, choosing instead to place his enterprise in a trust that the Office of Government Ethics declared "meaningless from a conflict of interest perspective". "Now, that's gone too".

Newly released records show the trust agreement that Donald Trump used to put his adult sons in charge of his company allows him to draw money from it upon his request, illustrating the thin divide between the president and his private fortune.

Any violation of the emoluments clause, a Constitutional provision preventing the President from accepting foreign gifts, could be an impeachable offense.

"There really is no separation from what he is doing now as president and his business interests, even though they tried to say there was separation", he said.


  • Mother's picture of 2-year-old daughter photobombed by massive brown snake

    Mother's picture of 2-year-old daughter photobombed by massive brown snake

    An Australian mum got the shock of her life when taking a photo of her daughter this week. The Eastern brown snake is considered the second deadliest land snake in the world.
    Cop gets 40 years in prison in autistic child's shooting death

    Cop gets 40 years in prison in autistic child's shooting death

    Video from a police officer's body camera shows the boy's father, Christopher Few, had his hands raised inside his vehicle. The first 20 years of the sentences must be served without parole, probation or suspension of sentence, the judge ordered.

    NORC Poll: Most disapprove of Trump, except on economy

    Fifty-three percent of white responders said that they approve of the president's job performance while 47 percent disapprove. That's according to a poll by The Associated Press and NORC Center for Public Affairs Research that was released Wednesday.
  • 6 remain hospitalized from hotel carbon monoxide poisonings

    A total of 15 people were transported from the scene to two area hospitals, including six adults and nine children. Two county deputies and two hotel employees were also taken to hospitals after helping the unconscious victims.
    NASCAR driver Kyle Larson returns to Placerville for dirt track racing

    NASCAR driver Kyle Larson returns to Placerville for dirt track racing

    Morning rain delayed the start of Friday's on-track activity, pushing Monster Energy NASCAR Cup Series practice from 11:30 a.m. Larson, who is from Elk Grove, won both NASCAR races this past weekend at the Auto Club Speedway in Fontana.
    Twitter eases 140-character limit in replies

    Twitter eases 140-character limit in replies

    Believe me, counting the username has been one of the Achilles heels when it came to Twitter's character count rules. Many users took to Twitter to voice their displeasure and questioned the usefulness of the change.
  • David Moyes: 'Sunderland must beat Leicester City'

    David Moyes: 'Sunderland must beat Leicester City'

    The northeast side had kept the game goalless for almost an hour when Uruguay defender Britos broke the deadlock in the 59th minute.

    Senator Capito voices support for President Trump's latest executive order

    Minnesota heavily relies on natural gas and coal - identified as the number one and two most consumed energy sources respectively. Trump's order could make it more hard , though not impossible, for the U.S.to achieve its carbon reduction goals.
    De Blasio wants to close Rikers Island jail within a decade

    De Blasio wants to close Rikers Island jail within a decade

    De Blasio credited the drop partly to shifts in how law enforcement handles lower level crimes, like smoking marijuana in public. It's expected that local politicians and communities will resist opening jails across the five boroughs.
  • Man named in Brady jersey case sought autographs, selfies

    The FBI has already recovered the Super Bowl LI jersey of Tom Brady including his Super Bowl XLIX game worn jersey in Mexico. Police also located a Brady jersey that had gone missing after the Patriots' 2015 Super Bowl win over the Seattle Seahawks.
    North Korea's 'reckless' actions must be stopped, Mattis says

    North Korea's 'reckless' actions must be stopped, Mattis says

    Mattis also said in London that Iran continued to be an "exporter of terrorism" and a sponsor of militant activity. North Korea will develop such capability in the next years, despite an array of global sanctions on the country.
    White House tells Russia probers: Come see intel yourselves

    White House tells Russia probers: Come see intel yourselves

    Speaking on Capitol Hill Thursday, Schiff said he was "more than willing" to accept the White House offer to view new information. Cohen-Watnick is a former Defence Intelligence Agency official who was originally brought to the White House by Michael T.