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The Guardian - US
The Guardian - US
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Lloyd Green

Trump has dodged financial calamity – for the time being

Donald Trump Joe Biden Karen McDougal Letitia James Stormy Daniels Devin Nunes DJT E Jean Carroll Hope Hicks Juan Merchan
‘On Monday, the court ruled that if Trump takes the witness stand, he may be cross-examined over past bad acts.’
‘On Monday, the court ruled that if Trump takes the witness stand, he may be cross-examined over past bad acts.’ Photograph: Yuki Iwamura/AP

Donald Trump dodged financial calamity on Monday. The office of Letitia James, the New York attorney general, and lawyers for Trump reached agreement in open court on the terms governing the appellate bond posted by the former president. After nearly an hour of argument and an extended recess, the parties achieved a workable solution. It is a ray of sunshine in Trump’s otherwise bleak legal landscape.

Trump would be required to leave $175m in cash only as collateral for the bond. Mutual funds or other securities will not suffice. In addition, the brokerage account holding the funds would fall under the exclusive control of the bonding company.

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