Man accused of attempting to assassinate Trump returns to court and hopes to represent himself
Ryan Routh previously made the request earlier this month during a hearing in Fort Pierce before U.S. District Court Judge Aileen Cannon. She did not rule during the hearing but said she would issue a written order later. But now Routh, 59, is set to be back in front of Cannon, a day after his court-appointed federal public defenders asked to be taken off the case.
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CNN
a few seconds ago
- CNN
Trump is open to doing business with Russia. That could be tricky
US President Donald Trump and Russian President Vladimir Putin are heading to Alaska for pivotal talks that could unlock a long-sought peace deal between Russia and Ukraine. A peace deal, or a simple thawing of relations between Moscow and Washington, could also pave the way for what, until recently, seemed fanciful to most American companies – doing business with Russia. 'I noticed (Putin's) bringing a lot of business people from Russia, and that's good,' Trump said aboard Air Force One on Friday. 'I like that, because they want to do business, but they're not doing business until we get the war solved.' Anton Siluanov, Russia's finance minister, and Kirill Dmitriev, a senior economic negotiator and head of Russia's sovereign wealth fund, are among those attending the talks with Putin. 'If we make progress, I would discuss (business opportunities), because that's one of the things that they would like; they'd like to get a piece of what I built in terms of the economy,' the US president told reporters. But restarting business with a country that the West has largely turned into a diplomatic and economic pariah via sanctions will be no easy feat. Here's why: After Putin's unprovoked invasion of Ukraine in February 2022, Western companies left Russia en masse in protest. Since then, more than 1,000 global companies have either voluntarily exited or curtailed operations in Russia, according to a list compiled by the Yale School of Management. Household US names like Apple (AAPL), Goldman Sachs (GS) and Mastercard (MA) were among those who left, yet there have been some holdouts continuing to do some business in the country. The scale of the corporate exodus means there are simply fewer American companies in Russia to generate new business opportunities than before the war. Meanwhile, Chinese firms including automakers and tech companies have filled the gap left by their Western counterparts. Russians have also turned to copy-cat versions of American brands. For example, Stars Coffee emerged after Starbucks (SBUX) exited in 2022, adopting an audaciously familiar logo of a woman with a star above her head. So, if Western companies did return en masse, would Russian consumers welcome them? Western sanctions have focused on hitting Moscow where it hurts: limiting the revenues it can collect from its massive exports of oil and natural gas. Last year, those revenues accounted for 30% of Russia's federal government budget, according to an analysis by The Oxford Institute for Energy Studies. Oil and gas revenues remain 'the single most important source of finance for the state coffers,' wrote Vitaly Yermakov, a senior research fellow at the Institute, in the February report. The European Union, once a top Kremlin customer, has banned all seaborne imports of Russian crude oil, and whittled Moscow's share of its natural gas imports delivered via pipeline to about 11% last year, from more than 40% in 2021. The bloc still imports Russian liquefied natural gas via sea tankers. But Russia has adapted, re-routing its barrels of oil to alternate customers, like India and China. According to Vortexa, an energy data firm, Russia now accounts for 36% of India's crude oil imports and is the country's top supplier. Trump has recently threatened to impose punishing tariffs on countries that continue to buy Moscow's barrels to discourage the trade and force Putin – by economic necessity – to the negotiating table. But New Delhi has been defiant, saying that Russian oil is necessary for the energy security of its 1.4 billion-strong population. One key sanction – a price cap on Russian oil imposed by the Group of Seven nations in 2022 – may be difficult for America to fully unwind without international support. The cap is designed to dent Moscow's revenues while still allowing its oil to flow to the global market. Companies located in the G7 are prevented from providing shipping, insurance and other services needed to export Russian seaborne oil unless it is priced below the threshold. Simply doing business in Russia has become harder since the war. Crucially, it has become more difficult for Russian banks to send and receive money from abroad. Shortly after the invasion, the United States, the EU, Britain and Canada jointly banned some Russian banks from the SWIFT messaging service — a high-security network connecting thousands of financial institutions around the world. Janis Kluge, a researcher at the German Institute for International and Security Affairs, told CNN in February that the United States wouldn't be able to re-admit banned banks to the network without cooperation from the EU because SWIFT is based in Belgium. Corruption has also worsened from already high levels. In 2021, nonprofit organization Transparency International put Russia in 136th place, tied with Liberia, in its ranking of 180 countries and territories for their perceived levels of public sector corruption. (A lower ranking indicates a higher level of corruption.) But, by 2024, Russia had slid further down the Corruption Perceptions Index to 154th place, tied with Azerbaijan, Honduras and Lebanon. American businesses contemplating a return to, or reinvestment in, Russia may then ask themselves: Would it be worth it? CNN's Kit Maher and Lauren Kent contributed reporting.
Bloomberg
a few seconds ago
- Bloomberg
Trump Ready to Walk If Meeting Doesn't Go Well: FOX
President Donald Trump say he's ready to leave Alaska quickly if the meeting with Russian President Vladimir Putin doesn't go well, according to FOX News. Trump made the comments in an interview. Trump wants a ceasefire in Ukraine. Putin sees the meeting as a victory because he's back on American soil without making any concessions. Bloomberg's Annmarie Hordern is in Anchorage. (Source: Bloomberg)
CNBC
a few seconds ago
- CNBC
In split decision, court clears Trump to restart CFPB mass firings
A divided federal appeals court on Friday cleared U.S. President Donald Trump to resume mass firings at the Consumer Financial Protection Bureau, ruling that a lower court had lacked jurisdiction in temporarily blocking this. However, the Circuit Court of Appeals for the District of Columbia said on Friday that its decision would not take immediate effect, allowing lawyers representing CFPB workers and pro-consumer organizations to seek reconsideration by the full court of appeals, meaning dismissal notices were likely to have to wait for now. The decision nevertheless imperiled the employment of perhaps 1,500 workers at the CFPB whose mass dismissals were blocked in April by a trial court, which found the attempted purge violated a March injunction temporarily halting the administration's efforts to shut the CFPB down. Representatives for the CFPB did not immediately respond to requests for comment. However, Jennifer Bennett, an attorney for the plaintiffs, said the decision threatened to leave the public unprotected from the misdeeds of bad actors in the market for consumer finance. "Without the full force of the Consumer Financial Protection Bureau - an agency Congress created specifically to protect consumers - millions will lose critical safeguards against predatory financial practices. If this decision is allowed to stand, it will shift the balance of power toward corporations at the expense of American families' financial security," Bennett said in a statement without addressing plans for further appeal. In their ruling, U.S. Circuit Court Judges Gregory Katsas and Neomi Rao found that, despite factual findings that the Trump administration intended to destroy the CFPB, the lower court had acted outside its authority. "We hold that the district court lacked jurisdiction to consider the claims predicated on loss of employment, which must proceed through the specialized-review scheme" under laws governing the civil service, the majority wrote. Other objections raised by the plaintiffs did not concern final decisions made by the agency and so could not be reviewed in court, wrote Katsas and Rao, both Trump appointees. In a dissent, Circuit Judge Cornelia Pillard said the lower court had acted properly in blocking the Trump administration from eradicating the CFPB entirely as the lawsuit played out. "But it is emphatically not within the discretion of the President or his appointees to decide that the country would benefit most if there were no Bureau at all," wrote Pillard, who was appointed by former President Barack Obama. Two watchdog organizations, the Federal Reserve's inspector general and Congress's Government Accountability Office, launched investigations earlier this year into the Trump administration's actions at the CFPB. Congress created the CFPB in the wake of the 2008 financial crash to police consumer finance industries whose activities generated the toxic assets underlying that crisis. Conservatives and industrial lobbies have long reviled the agency, accusing it of weighing on free enterprise and acting outside the bounds of the law to pursue politicized enforcement. Trump officials have appeared to vacillate this year concerning their plans for the CFPB, with Trump and erstwhile adviser Elon Musk saying it should be eradicated outright, even though senior officials have said in court they plan to shrink the agency but let it live in some form as required by law. Lawyers representing workers and consumer groups, however, rejected this, saying witness testimony showed top officials did not intend to maintain a functioning CFPB. In court, they produced evidence and testimony showing the attempted mass dismissals of March and April were so widespread they completely vacated entire offices or left them so understaffed as to be incapable of performing functions by law, lawyers for CFPB workers and consumer advocates said in court.
