Trump says he invoked fifth amendment in New York attorney general’s investigation: ‘I declined to answer’– live

More details are emerging about the FBI’s search on Monday of Trump’s Mar-a-Lago residence, including that agents were looking for papers that the former president may have unlawfully taken from the White House. Hugo Lowell reports:

Federal investigators searched Donald Trump’s Mar-a-Lago residence in Florida on Monday bearing a warrant that broadly sought presidential and classified records that the justice department believed the former president unlawfully retained, according to two sources familiar with the matter.

The criminal nature of the search warrant executed by FBI agents, as described by the sources, suggested the investigation surrounding Trump is firmly a criminal probe that comes with potentially far-reaching political and legal ramifications for the former president.

And the extraordinary search, the sources said, came after the justice department grew concerned – as a result of discussions with Trump’s lawyers in recent weeks – that presidential and classified materials were being unlawfully and improperly kept at the Mar-a-Lago resort.

The unprecedented raid of a former president’s home by FBI agents was the culmination of an extended battle between Trump and his open contempt for the Presidential Records Act of 1978 requiring the preservation of official documents, and officials charged with enforcing that law.

The justice department has announced charges against a Tehran-based member of Iran’s Revolutionary Guards for attempting to hire someone in the United States to kill John Bolton, a national security adviser under Donald Trump.

According the department, 45-year-old Shahram Poursafi last year promised an unnamed person in the United States $300,000 to kill Bolton, probably as retaliation for Washington’s assassination of Qassem Suleimani in January 2020. The goal was apparently to have Bolton killed by the 3 January anniversary of Suleimani’s death in Baghdad, but the person Poursafi allegedly hired for the job was actually a confidential informant.

While Bolton had left the White House by the time of Suleimani’s death, he is a known Iran hawk who has called for bombing the country.

Poursafi remains at large, according to the justice department.

Lauren Aratani

The Guardian’s Lauren Aratani has more on whether inflation really is declining in the United States – and how fast it may fall:

What goes up must come down. Right? Inflation has been soaring over the last year. But price rises in July were “just” 8.5% higher than what they were last July, down from a 9.1% yearly rate in June. Perhaps the worst is over?

Americans have been feeling the hit at the gas pump, grocery stores, restaurants and when planning vacations. In response, the Federal Reserve raised interest rates from near zero to between 2.25% and 2.5% as it tries to drive inflation down to its target rate of 2%, but it is unclear when that goal can be reached.

What is clear is that when and if prices do start to fall, it is going to take time, and in some sectors, a lot more time than in others. Nor is declining overall inflation a guarantee that prices will not rise in some areas again.

Following the release of data showing inflation flatlining in July, Joe Biden said the figures were a sign that the world’s largest economy was healthy and poised to see prices moderate in the months to come.

“I just want to say a number: zero”, Biden said at the start of a White House ceremony to sign a bill assisting military veterans who were exposed to harmful chemicals.

The Bureau of Labor Statistics reported that inflation in July was flat compared to June, but over the past 12 months, it had risen by a rapid 8.5%. That was lower than the month prior, and the data seemed to indicate the price increase wave may have passed its peak. Inflation began ticking up last year as the rollout of Covid-19 vaccines sparked an economic reopening, and was exacerbated by factors including the Federal Reserve’s low interest rate policies, Russia’s invasion of Ukraine and instability in global oil markets that caused gas prices to spike in the United States.

The inflation data followed Friday’s surprisingly good hiring numbers for July, which showed the unemployment rate returning to where it was before the pandemic struck.

“We’re seeing a stronger labor market where jobs are booming and Americans are working and we’re seeing some signs that inflation may be getting to moderate” Biden said.

“That’s what happens when you build an economy from the bottom up and the middle out. The wealthy do very well and everyone has a chance. It gives everyone a chance to make progress.”

The Guardian’s Edward Helmore has more on Trump’s refusal to talk to New York investigators looking into his real estate dealings:

Donald Trump said he declined to answer questions under oath on Wednesday as part of the New York state attorney general Letitia James’s long-running civil investigation into his dealings as a real estate mogul.

The former US president had previously slammed the legal encounter in a brash post on his Truth Social social media platform, the day before he was due to appear for the deposition.

“In New York City tonight. Seeing racist NYS Attorney General tomorrow, for a continuation of the greatest Witch Hunt in US history!” Trump wrote, repeating an insult he has thrown repeatedly thrown at James, who is Black and the first woman of color ever to hold statewide elected office in New York.

In a lengthy statement, Donald Trump has announced he refused to answer questions during a deposition today as part of New York attorney general Letitia James’s investigation into his real estate dealings.

The statement is full of attacks on James, but closes with the former president declaring he has lost faith in the justice system – at least under his Democratic rival, president Joe Biden:

I once asked, “If you’re innocent, why are you taking the Fifth Amendment?” Now I know the answer to that question. When your family, your company, and all the people in your orbit have become the targets of an unfounded, politically motivated Witch Hunt supported by lawyers, prosecutors, and the Fake News Media, you have no choice. If there was any question in my mind, the raid of my home, Mar-a-Lago, on Monday by the FBI, just two days prior to this deposition, wiped out any uncertainty. I have absolutely no choice because the current Administration and many prosecutors in this Country have lost all moral and ethical bounds of decency.

Accordingly, under the advice of my counsel and for all of the above reasons, I declined to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution.

Dominic Rushe

Data released this morning shows the inflation wave that has played a big part in destroying president Joe Biden’s approval ratings may finally be cresting, Dominic Rushe reports:

The pace of price rises dipped in the US in July as gas prices eased bringing down the annual rate of inflation to 8.5%, still close to a multi-decade high but lower than the four-decade peak it hit in June.

July’s figure, while still high, represents a significant fall from the annual rate of 9.1% recorded in June and will raise hopes that inflation has finally peaked in the US. It follows other indicators that have suggested price rises are finally moderating.

But the report showed once again how broadly inflation has spread through the economy. After stripping out food and energy costs – which are highly volatile – prices climbed by 5.9% in the year to the end of July, matching last month’s reading.

It’s too soon to say what the outcome of the FBI search of Trump’s Mar-a-Lago estate will be, but as Edward Helmore reports, it’s already become fundraising fodder for Republican candidates:

Republican and rightwing groups have swiftly used the FBI raid on Donald Trump’s winter home at Mar-a-Lago in Florida to raise money from their supporters by bombarding them with fundraising emails and appeals for donations.

In public the former US president, his allies and nearly all senior Republicans have expressed deep outrage at the raid, which is linked to Trump apparently keeping classified documents at Mar-a-Lago from his time in the White House. But the same figures have also seen the moment as a clear opportunity to urge supporters to dig deep into their pockets.

Most of the emails followed a common script: outrage at the raid, warnings of political persecution, the lawlessness and overreach of Democrats and the Biden administration. Each concluded with an invitation to make a donation.