AG Pam Bondi orders grand jury probe of Obama officials over Trump-Russia 2016 collusion investigation
The direction by Bondi does not mean that charges for Obama or members of his team are imminent. Instead, the move allows prosecutors to issue embarrassing subpoenas and gather testimony, while launching a fishing expedition.
It's still unclear what crimes members of the Trump administration believe were specifically committed regarding the investigation into the ties between Donald Trump's campaign and Russia. Tulsi Gabbard's ODNI memo is the only document publicly alleging any wrongdoing by members of the Obama administration surrounding the investigation, which a previous DoJ review led by John Durham already probed.
This is a breaking news story. More to follow...
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Why the market is shrugging off Trump's firing of the BLS chief
Trump fired the head of the BLS on Friday, but so far, markets have looked past the shock decision. Sources say there are a variety of other sources investors can use to assess the employment picture. Strong earnings and higher rate-cut odds are powering stocks higher on Monday. August kicked off with a shocker, with Donald Trump firing the head of the Bureau of Labor Statistics after a less-than-rosy July employment report. The move sparked prognostications about untrustworthy government data going forward and comparisons to China, which some believe is uninvestable due to issues with data quality. Then why is the market unfazed as trading kicks off on Monday? Stocks rallied to start the week, with the Dow up almost 500 points at midday and the Nasdaq Composite jumping as much as 2%. For now, markets are focused on other things, like the higher odds of a September rate cut after the employment picture suddenly soured. "Obviously, the firing was unconventional. That's pretty much everything with this administration compared to previous administrations, but at this point, there is so much private data that the market can look at other sources," Paul Hickey, cofounder of Bespoke Investment Group, told Business Insider. Apart from the BLS statistics that investors already parse, there's a patchwork of private and public data, including ADP data, hiring and firing data from a range of consulting firms, and labor market sentiment indicators from sources like the Conference Board. "There are private sources of data, and if they are moving in the opposite direction from the government data, then it becomes an indicator that something is off with the statistics,"Aleksandar Tomic, Associate Dean, Strategy, Innovation, & Technology at Boston College, told Business Insider. Trump said Erika McEntarfer's firing was justified and that the July data had been manipulated to make the administration look bad. He did not offer evidence for this claim, though White House economic advisor Kevin Hassett said the revisions in the data are "hard evidence." The July revisions were substantial, showing that the US added nearly 260,000 fewer jobs in May and June than had been initially reported. Trump and Republicans have also criticized earlier revisions, including last year's that showed over 800,000 fewer jobs added in the 12 months leading up to March 2024. The irony of Trump's anger over the July jobs numbers is that the weak report has pushed up the odds of the September rate cut to nearly 90%, getting the president closer to seeing the Fed loosen monetary policy as he's been demanding all year. But for investors, things like the robust GDP report for the second quarter and solid corporate earnings, particularly among mega-cap tech giants, are boosting the outlook for the market even as Trump's move stirs some uncertainty. For Sergio Altomare, a former senior enterprise architect at the Fed, the next big question is who will replace McEntarfer at the helm of the BLS. "I think the ultimate impact is going to take time to sort itself out, but I think really the immediate thing is, who gets appointed? What is their background? What does the data show? Is it dramatically different from what we're seeing?" Altomare said that it will be difficult to properly assess the impact of Trump's decision on financial markets until these questions have clear answers. Luckily for markets, some answers could come soon. Trump has said that in the coming days, he'll nominate a new BLS chief, as well as a replacement for Fed Gov. Adriana Kugler, who resigned on Friday. Both positions require confirmation by the Senate. It is also worth noting that some agree with the president's decision. For his part, investing legend Ray Dalio said on Monday that he, too, would probably fire the BLS chief. In a post on X, he described the agency's process for making key economic estimates as "obsolete and error-prone," with no plan to fix it. "The revisions brought the numbers toward private estimates that were in fact much better," Dalio said. Read the original article on Business Insider
Yahoo
23 minutes ago
- Yahoo
Japan trade negotiator to visit US to press for swift implementation of auto tariff deal
TOKYO (Reuters) -Japan's top tariff negotiator Ryosei Akazawa said he planned to visit Washington from Tuesday to press the United States to have President Donald Trump sign an executive order to bring an agreed 15% tariff rate on automobiles into effect. The U.S. last month agreed in a trade deal with Japan to lower existing tariffs on Japanese automobile imports to 15% from levies totaling 27.5% previously. Duties that were due to come into effect on other Japanese goods will also be cut to 15% from 25%. "We will push the United States to make sure that an executive order be signed on the agreed tariff on automobiles and automotive components as soon as possible," Akazawa told parliament. Referring to the problem of "stacking" where goods can be affected by multiple tariffs, Akazawa also said Japan wants to make sure that goods that are already levied at more than 15% would be exempt from the additional 15% rate.
Yahoo
23 minutes ago
- Yahoo
Alaska Sen. Murkowski toys with bid for governor, defends vote supporting Trump's tax breaks package
JUNEAU, Alaska (AP) — Republican U.S. Sen. Lisa Murkowski, speaking with Alaska reporters Monday, toyed with the idea of running for governor and defended her recent high-profile decision to vote in support of President Donald Trump's tax breaks and spending cuts bill. Murkowski, speaking from Anchorage, said 'sure' when asked if she has considered or is considering a run for governor. She later said her response was 'a little bit flippant' because she gets asked that question so often. 'Would I love to come home? I have to tell you, of course I would love to come home,' she said. 'I am not making any decisions about anything, because my responsibility to Alaskans is my job in the Senate right now.' Several Republicans already have announced plans to run in next year's governor's race, including Lt. Gov. Nancy Dahlstrom. Republican Gov. Mike Dunleavy is not eligible to seek a third consecutive term. Alaska has an open primary system and ranked choice voting in general elections. Murkowski is not up for reelection until 2028. A centrist, Murkowski has become a closely watched figure in a sharply divided Congress. She has at times been at odds with her party in her criticism of Trump and blasted by some GOP voters as a 'Republican in name only.' But her decision to support Trump's signature bill last month also frustrated others in a state where independents comprise the largest number of registered voters. She previously described her decision-making process around the bill as 'agonizing.' On Monday, she said it was clear to her the bill was not only a priority of Trump's but also that it was going to pass, so it became important to her to help make it as advantageous to the state as she could. 'So I did everything within my power — as one lawmaker from Alaska — to try to make sure that the most vulnerable in our state would not be negatively impacted,' she said. 'And I had a hard choice to make, and I think I made the right choice for Alaskans.'