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Trump lawyers return to Supreme Court to fight financial records subpoena

Trump lawyers return to Supreme Court to fight financial records subpoena

The legal wrangling is a follow-up to this summer’s decision by the court that the president is not immune from a criminal investigation while he holds office. But the justices said Trump could challenge the specific subpoena, as every citizen may, for being overbroad.

Vance is seeking eight years of the president’s tax returns and related documents as part of his investigation into alleged hush-money payments made ahead of the 2016 election to two women who said they had affairs with Trump years before. Trump denies the claims.

Investigators want to determine whether efforts were made to conceal the payments on tax documents by labeling them as legal expenses.

In the latest round of litigation, Trump’s lawyers argued to a district judge and the U.S. Court of Appeals for the 2nd Circuit that the subpoena to Trump’s accounting firm Mazars is an overbroad “fishing expedition” and that it was issued in bad faith to harass him.

Those claims were rejected by the lower courts.

“We have considered all of the president’s remaining contentions on appeal and have found in them no basis for reversal,” said the unanimous 2nd Circuit panel, affirming a 108-page opinion by a district judge.

Trump’s lawyers told the Supreme Court both of those decision were faulty and that the subpoena was not narrowly tailored but was instead based on one issued by Congress.

This subpoena, which makes sweeping demands and is copied from Congress, crosses the line — even if it was “aimed at ‘some other citizen’ instead of the president,” wrote Trump’s lawyers William S. Consovoy and Jay Alan Sekulow.

“The court of appeals not only ignored how the district court stacked the deck against the President,” the petition continues. “But it also broke every rule and precedent applicable” to the legal procedure at issue,

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New Mexico loses ground in COVID-19 spread fight

New Mexico loses ground in COVID-19 spread fight

SANTA FE, N.M. — New Mexico is losing ground in efforts to contain the spread of COVID-19 as newly reported daily infections hit a record of 488 cases.

Three additional deaths from the pandemic also were disclosed Friday by state health officials as fatalities from the pandemic surpassed 900.

Bernalillo County, with the state’s most populous urban area, accounted for 135 new cases, while Dona Ana had 81. Lea and Chaves counties together accounted for 77 new cases.

The state’s infection and positivity rates for the spread of the virus are climbing as the administration of Gov. Michelle Lujan Grisham holds the line on emergency public health restrictions.


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HERE’S WHAT YOU NEED TO KNOW ABOUT THE VIRUS OUTBREAK:

— President Trump credits antibody drug for quick recovery

— Spain declares state of emergency in Madrid to contain surge

— As virus fills French ICUs anew, doctors ask what went wrong

— British government will announce more support for businesses to retain staff in the coming months if they are forced to close because of lockdown restrictions.

— President Donald Trump says he wants to try to hold a campaign rally in Florida on Saturday, despite his recent COVID-19 diagnosis.

— Follow AP’s pandemic coverage at http://apnews.com/VirusOutbreak and https://apnews.com/UnderstandingtheOutbreak

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HERE’S WHAT ELSE IS HAPPENING:

WINDOW ROCK, Ariz. — Enrolled members of the Navajo Nation will be eligible for payments of up to $1,500 as part of the tribe’s response to the coronavirus.

President Jonathan Nez and Vice President Myron Lizer on Friday approved the $49 million plan adopted by the tribal council. The funding comes from the tribe’s share of federal coronavirus relief funding.

Adults will be eligible for payments of $1,500 while minors are eligible for $500.

Nez said in a statement that there isn’t enough funding to

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Borrow to fight economic impact of pandemic, says World Bank’s chief economist

Borrow to fight economic impact of pandemic, says World Bank’s chief economist

Developing countries should take on new debt to help them fight the economic impact of the coronavirus pandemic — but they will later suffer an unprecedented wave of debt crises and restructurings, World Bank chief economist Carmen Reinhart has warned.

The former Harvard University professor is best known for her work with fellow economist Kenneth Rogoff on the economic damage inflicted by financial crises throughout history, which was especially relevant during the great recession of 2008-09. But their work on the risks of high debt levels has been attacked for fuelling governments’ austerity policies in the following decade.

Ms Reinhart, who became chief economist at the World Bank this year, told the Financial Times in an interview that additional government borrowing was justified in the current circumstances.

“While the disease is raging, what else are you going to do?” she said. “First you worry about fighting the war, then you figure out how to pay for it.”

But Ms Reinhart has long argued that developing economies have a lower tolerance for debt than advanced economies. The impact of the pandemic will only exacerbate that problem, she said.

“Ken Rogoff and I wrote about debt intolerance in emerging markets 20 years ago,” Ms Reinhart added. “The level of debt that historically gets them into trouble is much lower.”

Ms Reinhart spoke as the World Bank and IMF prepare for their joint annual meetings, which will be held online next week.

How to deal with the sharp rise in government indebtedness during the pandemic — caused by falling output and rising public spending — will be one of the hottest topics of discussion. 

The G20 group of leading nations is

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