Trump trial continues after warning about jail, testimony on bookkeeping
CBSN
Donald Trump's criminal trial resumes Tuesday, the day after jurors were given a deep look at accounting inside the former president's company and the judge warned Trump he's at risk of being jailed.
Prosecutors on Monday called two longtime Trump Organization bookkeepers who explained the raw mechanics of processing an invoice, from bill to general ledger entry to signed check. Jurors were then shown a series of checks paid to Michael Cohen in 2017 and signed by either Trump or two of his adult sons. The payments totaled $420,000 over the course of the year.
Former Trump Organization controller Jeffrey McConney also reviewed a copy of handwritten notes from seven years ago. Prosecutors say it showed how Trump's staff accounted for the $130,000 Cohen paid adult film star Stormy Daniels for her silence the year before about an alleged sexual encounter. They added another $50,000 owed to Cohen, totaling $180,000. They then doubled that figure to offset an expected tax hit, and added on a $60,000 year-end bonus to get to the final $420,000 figure.
President Biden on Monday signed into law a defense bill that authorizes significant pay raises for junior enlisted service members, aims to counter China's growing power and boosts overall military spending to $895 billion despite his objections to language stripping coverage of transgender medical treatments for children in military families.
It's Christmas Eve, and Santa Claus is suiting up for his annual voyage from the North Pole to households around the world. In keeping with decades of tradition, the North American Aerospace Command, or NORAD, will once again track Santa's journey to deliver gifts to children before Christmas 2024, using an official map that's updated consistently to show where he is right now.
An anti-money laundering law called the Corporate Transparency Act, or CTA, appears to have been given new life after an appeals court on Monday determined its rules can be enforced as the case proceeds. The law requires small business owners to register with the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1, or potentially pay fines of up to $10,000.