U.S. President Donald Trump walks on the South Lawn of the White House in Washington, D.C., U.S., as he arrives from the Kennedy Space Center in Florida on Saturday, May 30, 2020. Trump vowed his administration would end what he called "mob violence" in U.S. cities following the death of an unarmed black man at the hands of Minnesota police, blaming leftist groups for clashes with police and property damage around the nation. Photographer: Stefani Reynolds/Pool/Sipa USANo Use UK. No Use Germany.
Update: NBC’s Lisa Rubin posted a correction. The court did stay the borrowing provision. The story has been updated to reflect corrected source information.
To See President Biden's 5 Best Jokes At The White House Correspondents Dinner visit The Daily.
An appeals court reduced Trump’s fraud bond and gave him more time to pay, but it was still a loss for Trump.
NBC News’s Lisa Rubin posted:
An appeals court did reduce the bond to $175 million, but the former president was only given ten additional days to come up with the money. The real kick in the pants for him is that he is still banned from borrowing the money from any institution that does business in the state of New York.
The provision of the ruling that went against Trump:
This means that Donald Trump may be able to borrow the money, even though he claims it will be paid in cash.
During an appearance on Fox News, Eric Trump suggested that the bond should be $10 million, and when Trump tried to negotiate the amount of the bond down, he offered $100 million, which indicates that Donald Trump doesn’t have $175 million in cash sitting around.
Donald Trump has been trying to find someone to give him the money for the last month, but he has gotten nowhere, so it is doubtful that he will suddenly find $175 million stashed behind the classified documents he might still be hiding at Mar-a-Lago.
It is a win that he got the bond amount reduced, and that he can borrow more, but even though Trump claims that he will pay the $175 million in cash, given the former president’s history of lies, seeing is believing.
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Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
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