3 Things To Know Today

Vintage movie countdown, illustration

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1 House Approves Aid Package For Israel

The House of Representatives moved quickly to approve the Republican-led aid package to Israel yesterday. The measure passed 226-196, with 12 Democrats voting for it and two Republicans voting against the bill, which would provide $14.3-billion to Israel. While the package easily passed the House, it has little chance of passing the Senate, and the White House has already threatened to veto it if it reaches President Biden’s desk. Democrats are against the bill passed by the House because it includes no aid for Ukraine and the provision that pays for the aid package by cutting the same amount from the budget of the IRS. Senate Majority Leader Chuck Schumer said from the floor of the Senate yesterday that “The Senate will not be considering this deeply flawed proposal from the House GOP,” adding that the Senate would “work together on our own bipartisan emergency aid package.”

2 Arguments Underway In Two Trials Aiming To Keep Trump Off The Ballot Next Year

Adding to former President Donald Trump’s legal problems, two lawsuits filed to prevent him from appearing on the ballots of Colorado and Minnesota next year are being heard this week. The Minnesota state Supreme Court heard oral arguments yesterday in the lawsuit filed by the nonprofit Free Speech for People, former Secretary of State Joan Growe, and former Supreme Court Justice Paul H. Anderson. The suit is asking the court to order the Democratic Secretary of State Steve Simon to remove Trump from the primary and general election ballots in the state In Colorado, a judge is also hearing arguments in a case seeking to remove Trump from ballots in that state. The lawsuit was filed by Citizens for Responsibility and Ethics in Washington on behalf of six Republicans and other unaffiliated voters, along with Colorado’s Democratic Secretary of State Jena Griswold. Both lawsuits argue that Trump isn’t eligible to be elected president because of Civil War-era provisions in the 14th Amendment that block anyone from holding office who participated in an insurrection or rebellion against America. The lawsuits argue that any part that Trump played in the Jan. 6th riot at the Capitol triggers the provisions and means he should be blocked from appearing on the ballot.

3 Sam Bankman-Fried Guilty On All Counts

Sam Bankman-Fried, was found guilty on all counts by a federal jury just four hours after they began deliberations. Bankman-Fried, co-founder of the cryptocurrency exchange FTX, was charged with seven counts of wire fraud, securities fraud, and money laundering. Damian Williams, the US attorney for the Southern District of New York, said after the verdict that while cryptocurrency is new, “this kind of fraud, this kind of corruption, is as old as time.” FTX and another of Bankman-Fried’s companies, Alemeda, collapsed one year ago this month when disclosures about the firm’s financial position were publicly revealed and caused the crypto equivalent of a bank run on the company. That led to the revelation that around $8-billion in investor’s money was gone, spent on sponsorships, commercials, and loans to top executives. Bankman-Fried is facing 110 years in jail at his sentencing on March 28th.


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