Video: CBS, Paramount forced to pay Trump $16 million in major settlement
According to Fox News, under the settlement that CBS News and Paramount Global agreed to on Tuesday, Trump will receive an upfront payment of $16 million; however, the full settlement could exceed $30 million. The outlet noted that the upfront payment will cover the president's legal fees and any costs associated with the case and will include contributions to Trump's anticipated presidential library or various charities determined by the president.
Fox News reported that CBS News and Paramount could also be required to pay millions of dollars more in future advertisements and public service announcements supporting conservative causes.
In a statement obtained by CNN, Paramount said, 'The settlement does not include a statement of apology or regret.'
'The settlement will include a release of all claims regarding any CBS reporting through the date of the settlement, including the Texas action and the threatened defamation action,' Paramount added.
READ MORE: Videos: CBS releases two different versions of Kamala Harris' '60 Minutes' interview
According to Fox News, sources familiar with the settlement confirmed that CBS News agreed to change its editorial standards to create a mandatory rule that will require the news outlet to quickly release full and unedited transcripts of interviews featuring future presidential candidates. Sources told Fox News that CBS News' new rule has been described as the 'Trump Rule.'
In a statement to Fox News, a spokesperson for the president's legal team said, 'With this record settlement, President Donald J. Trump delivers another win for the American people as he, once again, holds the Fake News media accountable for their wrongdoing and deceit.'
'CBS and Paramount Global realized the strength of this historic case and had no choice but to settle,' the spokesperson added. 'President Trump will always ensure that no one gets away with lying to the American People as he continues on his singular mission to Make America Great Again.'
According to Fox News, Trump initially filed a $20 billion lawsuit against CBS News and accused the news outlet of interfering in the 2024 presidential election by deceitfully editing a '60 Minutes' interview featuring Harris.
Prior to the release of the interview, CBS shared a lengthy answer by Kamala Harris regarding Israeli Prime Minister Benjamin Netanyahu's alleged reluctance to listen to the advice of the Biden administration in a segment on CBS News' 'Face the Nation.' However, after the former vice president was mocked by the Trump campaign for responding with a 'word salad' answer, CBS News released a different clip as part of the full interview on '60 Minutes.'
A video contrasting the two different interview clips released by CBS News was previously shared on X, formerly Twitter.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
23 minutes ago
- Miami Herald
44 Percent: TPS for Haitians, Hakeem Jeffries and ‘Sinners'
In recent years, Juneteenth has become a much more celebrated holiday among Black people. And I can't say I fault us. Celebrating the Fourth of July feels forced in light of all the struggles Black people have faced to help create this country. Frederick Douglass's speech 'What to the Slave Is the Fourth of July?' reads: 'What, to the American slave, is your 4th of July? I answer: a day that reveals to him, more than all other days in the year, the gross injustice and cruelty to which he is the constant victim. To him, your celebration is a sham; your boasted liberty, an unholy license; your national greatness, swelling vanity; your sounds of rejoicing are empty and heartless; your denunciations of tyrants, brass fronted impudence; your shouts of liberty and equality, hollow mockery…' So, I do not fault any Black person who will simply choose to rest and not join in in any celebration. INSIDE THE 305: Federal judge rules in favor of Haitians with TPS, restores February 2026 deadline A New York federal judge has ruled in favor of Haitians with temporary legal status in the United States, deciding on Tuesday that the Trump administration was wrong in deciding to cut short their end date by six months, Herald reporters Jacqueline Charles and Jay Weaver. U.S. District Judge Brian M. Cogan's ruling means that Haiti's Temporary Protected Status designation should return to its original February 2026 date, giving more than a half-million Haitian nationals with TPS more time to shield themselves against losing their work permits and deportation protections in the United States. Would Byron Donalds differ from DeSantis as governor? Here's what he told us U.S. Rep. Byron Donalds sat down with the Miami Herald about what kind of governor he would be if elected. Donalds has gotten the endorsement of Donald Trump and is recognized by half of Floridians since announcing his campaign last year. Donalds, a Republican, is polling at about a five-point lead over David Jolly, the most notable Democratic candidate, with about a third of voters still undecided, according to the polling firm Victory Insights. And the possibility of Casey DeSantis challenging him in a Republican primary is beginning to fade, according to lobbyists and consultants, Herald reporter Siena Duncan wrote. OUTSIDE THE 305: Jacksonville's Paris Richardson will represent Florida in Miss America pageant Duval County native and University of Florida alum Paris Richardson was crowned Miss Florida, representing the state in the Miss America pageant. The proud 2020 Jean Ribault High School alum made history by bringing the Miss Florida crown back to Gainesville for the first time in more than 70 years. She's only the second Miss Gainesville to win the title, and the first since Marcia Crane earned the title in 1952, The Florida Union-Times reported. Rep. Hakeem Jeffries Breaks Record in Hourslong Speech Opposing Trump's Policy Bill On Thursday, U.S. House minority speaker Hakeem Jeffries spoke for eight hours and 45 minutes opposing Donald Trump's policy bill. His speech is now the record for the longest on the House floor. Thursday's speech was not a filibuster, the Senate tactic that allows a member to speechify for unlimited time, delaying action indefinitely, The New York Times reported. But Mr. Jeffries was making use of his prerogative as a leader to stretch his allotted 60 seconds of speaking time for far longer, in a House tradition known as a 'magic minute.' In doing so, he was attempting to seize a pivotal moment for Democrats — who have toiled to find a cohesive strategy, message and messenger for countering Mr. Trump — to make a forceful case against the president and his agenda. HIGH CULTURE: 'Sinners' on Max Will Include a Black American Sign Language Version After a successful box office run, 'Sinners' will debut on Max on Friday, July 4, and will also include a Black American Sign Language version. I've seen the movie three times – and I will be enjoying it a fourth time on DVD/Bluray (because physical media still matters) and as many times after on Max.
The Hill
27 minutes ago
- The Hill
Inside Trump's push to pass the ‘big, beautiful bill'
With the signature policy bill of President Trump's second term hanging in the balance this week, the president and his allies got to work, using a mixture of vinegar and honey to win over skeptics and ensure its final passage. It was a week of late night meetings and phone calls, stern posts on social media and cordial discussions at the White House as Trump and top advisers sought to win over skeptics of the One Big Beautiful Bill Act. Sources close to the White House argued Trump's dominance within the Republican Party and the political risks of drawing his ire loomed large as the administration corralled votes. But they also pointed to assurances the White House made to lawmakers to win their support as a sign that it was not just threats that got enough Republicans to 'yes.' Trump is expected to sign the legislation on Friday after it passed the Senate on Tuesday and the House on Thursday as both chambers embarked on marathon rounds of voting procedure, including pulling several all-nighters. 'The president's focus on relationships carried us through in kind of a cascade here when it came to be crunch time and the president was asking people to take tough votes, to come together, to unify,' a senior Trump White House official told reporters on Thursday. 'I've lost count of the number of meetings the president's had. I mean, putting the president on speaker to groups of members,' the official added. 'I mean, really, he's the omnipresent force behind this legislation.' The bill took an exceptionally arduous path through both chambers. The House passed its initial version of the bill in May but once it got to the Senate, lawmakers there embarked on significant haggling and hand-wringing of Republicans who took issue with Medicaid cuts and what it meant for the national debt. The upper chamber spent the entire past weekend working to get the measure through before it eventually passed on Tuesday. The process even saw one high profile Republican, Sen. Thom Tillis (R-N.C.), announce he wouldn't seek reelection after expressing opposition to the bill, showcasing once again Trump's decade-long power over the party. White House officials also pointed to Vice President JD Vance as a key player in wrangling the necessary votes in the Senate, where Vance served for two years before being elected vice president. Vance attended GOP conference lunches for weeks leading up to the final votes, answering questions and defending the legislation. The vice president spent hours in the Senate this week leading up to the final vote, and he met with Sen. Lisa Murkowski (R-Alaska), a key swing vote, before she ultimately backed the bill in what she later described as an 'agonizing' decision. After its narrow passage in the Senate, it was back to the House, where White House officials pushed about a handful of GOP conservative and moderate lawmakers there to get behind the measure. Trump and Vance hosted conservative House Republicans at the White House on Wednesday for a conversation that appeared to ease concerns among some conservatives. Rep. Tim Burchett (R-Tenn.) after the meeting described Trump as 'wonderful as always. Informative, funny, told me he liked seeing me on TV, which is kind of cool.' Rep. Ralph Norman (R-S.C.), a member of the House Freedom Caucus who had indicated previously he would vote against the bill, said he was persuaded to vote in favor after getting assurances from the president that certain issues would be dealt with through executive action. White House officials on Thursday did not address any specific executive action that was promised. In terms of assurances, the officials said the administration worked with lawmakers to answer questions about the implementation of Medicaid changes and how it would affect their districts. Still, the bill was in a precarious state after several House Republicans had either voted against adopting the rule on the bill, a necessary procedural step before a full vote, or withheld their votes. As Trump and his team worked behind the scenes, prominent MAGA world figures went public with their calls for Republicans to fall in line. 'If you vote with the Democrats, you're not voting with the Republicans. Buckle the f— up. It's a binary choice,' longtime Trump adviser Jason Miller posted on X late Wednesday night. The Hill reported that Trump spoke with a handful of Republican holdouts around 1 a.m. Thursday as House GOP leaders were whipping votes to overcome a final procedural hurdle. 'His numbers are stronger than ever before with the Republican base. Republican voters are happier with him now than ever before,' one Trump ally told The Hill. 'Essentially, if you kind of screw with him, you've got a 95 percent chance of getting thrown in the blender.' Reps. Thomas Massie (R-Ky.), Victoria Spartz (R-Ind.) and Burchett all voted to advance the legislation. By the time the House adopted the rule around 3 a.m. Thursday in a 219-213 vote, its final passage was something of a foregone conclusion. But not before Democrats would stall the next step. House Minority Leader Hakeem Jeffires (D-N.Y.) held the House floor for more than 8 hours starting early Thursday morning to excoriate the the bill, breaking the record for the longest speech on the floor. The final vote eventually took place on Thursday afternoon, with thelegislation passing in a 218-214 vote. Two Republicans voted against it. 'Congrats to everyone. At times I even doubted we'd get it done by July 4!' Vance posted on X after the House vote. 'But now we've delivered big tax cuts and the resources necessary to secure the border. Promises made, promises kept!' The bill will likely be the signature piece of legislation of Trump's second term, especially if Republicans do not retain control of both chambers of Congress in next year's midterms. The bill will extend the tax cuts Trump signed into law in 2017, plus add temporary tax cuts on tipped and overtime wages. It will provide additional funding for border security, allowing the administration to press forward with aggressive deportations and crack down on those crossing the southern border. But the legislation also makes cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP) as a way to offset some of the spending. Those changes, which will take effect in the coming years, have caused consternation among some Republicans and have been the focus of outrage from many Democrats who warn it will cost millions of Americans health insurance and lead to the closures of some rural hospitals. Polling ahead of the bill's passage also showed the public appeared skeptical of the massive piece of legislation. A Quinnipiac University poll released last week found 55 percent of voters opposed the bill. A Fox News poll published Monday showed 59 percent opposed the bill. White House officials argued the bill would age well with voters as they learned more about what's in it. 'As the public learns about the pieces of the legislation and the Republican Party educates the voters on what is actually in the bill, you will see an overwhelming political boon for Republicans,' a senior White House official said. 'And you will see Democrats have just taken a very toxic vote.'
Yahoo
27 minutes ago
- Yahoo
Tax break for seniors: Trump bill includes additional $6,000 deduction
President Trump's sweeping domestic policy bill that passed the House on Thursday provides a $6,000 boost to senior citizens' standard deduction from 2025 through 2028. The new temporary tax break — $6,000 for individuals and $12,000 for couples — is for tax filers age 65 and older. It starts phasing out for those who earn over $75,000 ($150,000 for couples). 'Low-income seniors won't benefit at all, and nor will very high-income seniors,' Marc Goldwein, senior policy director for the Committee for a Responsible Federal Budget, a nonpartisan group that advocates for fiscal responsibility, told Yahoo Finance. 'The biggest beneficiaries are upper-middle-class seniors with significant wealth, who have a lot of discretion over how much income to realize in a given year,' he said. To be clear, this provision does not eliminate taxes on Social Security benefits as Trump promised in the campaign. It is a temporary income tax deduction, not a cut in the Social Security tax. The new deduction could also accelerate Social Security and Medicare insolvency by a year, to 2032, per an analysis from the Committee for a Responsible Federal Budget. Some background: Most lower-income seniors don't have enough of a tax liability to claim the new deduction. In 2022, the median income of older adults was $29,740, according to the National Council on Aging. The majority of taxpayers claim the standard deduction, which is $15,000 (or $30,000 for couples) for 2025. Seniors who are single filers already qualify for an additional deduction of $2,000. (If you're married, filing jointly or separately, it's $1,600 per qualifying individual.) Read more: Standard deduction vs. itemized: How to decide which tax filing approach is right This newly passed short-term deduction raises that amount by another $6,000. Taxation of Social Security benefits is a hot-button issue and often catches seniors at modest income levels by surprise. Most states do not tax Social Security benefits, but about 40% of people who get Social Security must pay federal income taxes on their benefits, according to the Social Security Administration. If you file a federal tax return as an individual and your combined income from all sources, including your Social Security benefit, is between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits. If your income exceeds $34,000, up to 85% of your benefits may be taxable. For joint filers, if you and your spouse have a combined income between $32,000 and $44,000, you may have to pay income tax on up to 50% of your benefits; if it's more than $44,000, up to 85% of your benefits may be taxable. 'That's a big shocker for our clients,' Ryan Haiss, a certified financial planner at Flynn Zito Capital Management in Garden City, N.Y., told Yahoo Finance. 'A lot of our clients exceed the $44,000 of combined income for Married Filing Jointly, and it is just something that is understood, and we consider when planning for retirement,' Haiss added. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Read more: Do you pay taxes on Social Security?The new deduction could be a meaningful benefit for middle-income retirees, helping lower their overall tax bill. However, Haiss said, 'because of those income limits, many higher-income retirees, especially those already taking RMDs and collecting Social Security, likely won't qualify.' Most of the nearly 9 in 10 Americans age 65 or older collecting Social Security don't pay tax on this income and it's the bulk of cash they use to pay living expenses. The average monthly benefit: $1,975, which adds up to less than $24,000 a year. Kerry Hannon is a Senior Columnist at Yahoo Finance. She is a career and retirement strategist and the author of 14 books, including the forthcoming "Retirement Bites: A Gen X Guide to Securing Your Financial Future," "In Control at 50+: How to Succeed in the New World of Work," and "Never Too Old to Get Rich." Follow her on Bluesky. Sign up for the Mind Your Money newsletter
