California officials looking into potential Trump-Paramount settlement
The Republican-controlled Congress may have all but abandoned its oversight authority when it comes to the executive branch, but state officials are picking up the slack and opening inquiries into potential scandals out of the Trump administration.
The latest example comes out of California, where the state Senate is looking into Paramount's reported settlement offer to Donald Trump over his lawsuit alleging 'mental anguish' due to the editing of a '60 Minutes' interview on CBS News with then-Vice President Kamala Harris during last year's presidential election.
Semafor was first to report on a letter from California Democrats asking former CBS News executives about a recent Wall Street Journal report that Paramount, CBS News' parent company, had offered Trump a multimillion-dollar settlement that the president apparently didn't think was generous enough. In the letter sent May 30, state Sens. Thomas Umberg, who chairs the Senate Judiciary Committee, and Josh Becker, who chairs the Energy, Utilities & Communications Committee, write that the reported offer — which comes as Paramount seeks the administration's approval for a merger — raises questions about potential bribery. (Trump has also called for CBS to lose its broadcast license.)
'If Paramount is entertaining settlement primarily to secure favorable regulatory treatment, this raises deeply troubling implications not just for journalism, but for the rule of law and the integrity of corporate governance,' they wrote.
The letter goes on to reference the potential threat to press freedoms if Paramount gives in to Trump via a potential settlement (rumors of which have already angered and alienated many CBS employees):
Such a settlement would signal that politically motivated lawsuits can succeed when paired with regulatory threats. It would damage public trust in CBS News and other California-based outlets, diminishing the state's stature as a national leader in ethical journalism. Paramount's capitulation would also undermine two essential pillars of a liberal democracy: a free press and an impartial, rule-of-law regulatory system.
The letter, addressed to former '60 Minutes' Executive Producer Bill Owens and former CBS News CEO Wendy McMahon, invites them to testify voluntarily at a joint hearing about internal objections to a potential settlement, whether editorial decisions were impacted by the potential settlement, whether internal counsel or other executives advised that the lawsuit was weak, and whether anyone advised that settling with Trump would help Paramount get approval for its proposed merger.
Paramount didn't respond to MSNBC's request for comment on the letter.
State officials elsewhere also aren't waiting for Congress to get its act together when it comes to scrutinizing the Trump administration. New York Attorney General Letitia James took a tack similar to California earlier this year, when she launched a probe into potential insider trading related to Trump's haphazard tariff policy.
Indeed, these are the types of scandals that Americans might reasonably expect their U.S. representatives and senators in Washington, D.C., to address. But in their absence, state leaders apparently must fill the void.
This article was originally published on MSNBC.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Culver's announces plans to open locations in three Illinois towns. Here's where
Wisconsin-based fast food chain Culver's announced plans to open new locations across 12 states, including Illinois, according to a company spokesperson. The chain, known for its burgers, cheese curds and custard ice cream, has established a recent pattern of opening 50 to 60 new restaurants per year. If this recent announcement is anything to go by, this year is bound to be similar. Here's where the chain is setting up its new spots. A new location already opened this year in Mahomet, Illinois, at 2006 Patton Drive, according to a company spokesperson. The chain will be opening new locations in the following Illinois towns: Bradley Diamond Rantoul Story continues after photo gallery. The chain will also be breaking ground in the following cities: Arizona: Queen Creek Arkansas: Harrison Florida: Fort Meade, Fort Myers, Jacksonville, Leesburg, and Ruskin Georgia: Cartersville Kansas: Derby Michigan: Holland, White Lake, Woodhaven, and Southfield Ohio: Columbus and West Carrollton South Carolina: Boiling Springs and Greenville Tennessee: Hixson, Oak Ridge, and Sevierville Texas: Katy Wisconsin: Combined Locks, Eau Claire, and Evansville Customers can find their nearest Culver's on the chain's website. This article originally appeared on Journal Star: Culver's to open restaurants in three Illinois towns. Here's where
Yahoo
22 minutes ago
- Yahoo
Treasury Yields Slide as ADP Data Flash Signs of Softening Jobs
(Bloomberg) -- Treasury yields slid on Wednesday as a fresh dose of data on the health of the US labor market signaled more softening, emboldening traders' view that the Federal Reserve will resume cutting interest rates later this year. The Global Struggle to Build Safer Cars At London's New Design Museum, Visitors Get Hands-On Access LA City Council Passes Budget That Trims Police, Fire Spending ICE Moves to DNA-Test Families Targeted for Deportation with New Contract NYC Residents Want Safer Streets, Cheaper Housing, Survey Says ADP Research data showed hiring decelerated to the slowest pace in two years in May, putting traders on alert that Friday's key non-farm payrolls figures could also show labor conditions weakening. The data drew a swift response from US President Donald Trump, stating in a social media post that the Fed needs to cut interest rates, a demand he's made before. The two-year Treasury yield — most sensitive to changes in Fed policy — fell as much as four basis points to a low of 3.91%. Rates on long-maturity US government debt saw the biggest declines, with the 30-year bond rate down six basis points at 4.92%. Swaps traders are pricing in two quarter-point interest rate reductions before the end of 2025, with the first move seen most likely coming in October. 'This is a leading indicator into what we think is going to happen in Friday payrolls,' Jim Caron, a chief investment officer at Morgan Stanley Investment Management, said on Bloomberg Television. 'It does make the Fed probably have to step up and look. The thing they are worried about the most is a softening in the jobs market.' Ahead of the Wednesday data, traders were ramping up bets that hedged against dramatic shifts in the Fed's rate path as questions about the economic impact of the Trump administration's evolving policies persist. Friday's figures are forecast to show employers added 130,000 new workers in May, a stepdown from the prior-month increase of 177,000. The unemployment rate is predicted to remain steady at 4.2%, according to a Bloomberg survey of economists. 'We are looking at the unemployment rate given it's more of a clear signal,' Molly Brooks McGown, US rates strategist TD Securities, said on Bloomberg Television. An upward move in the unemployment rate to 4.5% — from the current 4.2% — would see the 'Fed get more concerned,' Brooks McGown said. That would 'probably' make most investors more comfortable with the Fed stepping in, she said. --With assistance from Edward Bolingbroke and Michael Mackenzie. YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Associated Press
22 minutes ago
- Associated Press
Ultimate Fan Engagement Innovators FAIM.world Announces Strategic Partnership with the International Polo Tour (IPT)
and the International Polo Tour collaborating on digital collectibles for fans and players of Polo, the Sport of Kings. WELLINGTON, FL, UNITED STATES, June 4, 2025 / / -- developers of one-of-a-kind web3 domains that connect fans with communities, digital collectibles, and celebrities, has announced their partnership with Florida-based the International Polo Tour (IPT) in order to market carefully-crafted online products such as signed celebrity images via digital collectibles, domain storage, tokens, and digital games on a worldwide basis. The collaboration will kickstart Saturday, September 6th during the 2025 Middleburg, Virginia Sunset Polo USA vs. South Africa Val De Vie match in support of We Will Survive Cancer (WWSC), a charity the IPT has partnered with and supported for more than 10 years. CEO Dana Farbo stated, 'This alliance represents a major step forward in our burgeoning vertical partnerships creating fans for life with groups of celebrities and influencers from a variety of exciting sectors such as Golfers, Movie Stars, Singers & Musicians, Artists, Equestrians, Sports Figures, and Speakers Bureaus. offers its celebrities instant exposure and revenue streams with no risk or expense.' Echoing Dana's observations, Tareq Salahi, Chairman, Founder, and Team Captain of IPT, added 'We're thrilled to engage with vast reach and incredible stable of digital offerings. Our fans prize connections with players, and signed digital images and collectibles are the ultimate expression of a bonding experience with our supporters.' 'We believe presents a lucrative opportunity for us to expand our brand and capitalize on these untapped revenue streams to benefit our players as well as the charities we support.' The International Polo Tour brings the love of Polo to a wider audience, uniting international cultures in a celebration of both their common bonds and their diversity. From Snow Polo to Beach Polo to Elephant Polo, IPT provides support worldwide, including Argentina, Australia, Asia, England, South America, Italy, and throughout the United States including the high-net-worth region of the Capitol Region area of Washington D.C and the Northeast & Florida markets. About FAIM INC.: Founded in 2024 by CEO Dana Farbo, CSO James Robb and CCO Ron Burkhardt, FAIM INC is an international digital platform that connects celebrities with their fans, producing revenue for celebrities and lifelong memories for fans, by helping them bond through digital media forms. Celebrities can earn up to 70% for each photo they sign, whether a selfie of the fan with the celebrity, existing celebrity photos or vintage photos owned by the fan. Notable Celebrities already using the platform include NASCAR Champions, A-list musicians, international beauty pageants, and a variety of major influencers. Dana Farbo FAIM Inc. [email protected] Visit us on social media: LinkedIn Instagram Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.