A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls

By Nell Mackenzie, Farouq Suleiman and Kirstin Ridley LONDON (Reuters) -Odey Asset Management is in advanced talks to move funds

A White House official who testified to the Justice Department regarding both Donald Trump and Joe Biden’s handling of classified materials told the agency that the 45th president understood the process for correctly declassifying those papers, according to CNN. CNN reports that the official, whose name was not published, told prosecutors about a 2018 instance in which Mr Trump directed his team to go through the correct process for declassifying a document, a memo relating to the Russia investigation. That experience could undercut any potential arguments from Mr Trump’s lawyers insisting that their client did not know or care about learning the correct procedure; so far, Mr Trump has insisted that he had issued an order to automatically declassify any documents taken from the White House — an explanation rejected by former Trump White House staff. His attorneys have claimed that the classified documents were taken inadvertantly. In general, the former president has raged against the DoJ’s multiple investigations into his activities, which include his efforts to overturn the 2020 election and actions on January 6. He has consistently argued that the lack of scrutiny into Joe Biden’s handling of classified materials is evidence of a double standard, though notably Mr Biden’s team is reported to have been much more forthcoming once they discovered documents at their client’s residence and office at a DC-based think tank. Mr Trump’s team has been engaged in a dispute with the federal government over the full return of documents retained from the White House for months; just recently, the DoJ subpoenaed the Trump team for any documents regarding potential plans for an invasion of Iran. The sheer extent of Mr Trump’s trove and his continued insistance to be its rightful owner has proved to be a headache for the ex-president’s legal team as the DoJ’s special counsel overseeing the probe, Jack Smith, nears a decision on whether to file charges. The former president was first reported by The Independent this week to have received a letter indicating that he was the target of the investigation, and would likely soon be charged. That set off another wave of condemnations from the Mar-a-Lago monarch on Truth Social, as he rages that the investigations are a supposed attempt to block his return to power. “Wow, this is turning out to be the greatest & most vicious instance of ELECTION INTERFERENCE in the history of our Country. Remember, I’m leading DeSanctimonious BIG in the Polls but, more importantly, I’m leading Biden by a lot. Also, & perhaps most importantly, they are launching all of the many Fake Investigations against me RIGHT SMACK IN THE MIDDLE OF MY CAMPAIGN, something which is unheard of & not supposed to happen. DOJ, FBI, NEW YORK A.G., NEW YORK D.A., ATLANTA D.A. FASCISTS ALL!” wrote Mr Trump on Wednesday. Read More Republicans abruptly drop plans to level contempt charges against FBI chief Christopher Wray Pence calls on DoJ not to indict Trump but stops short of saying he’d pardon him if elected in 2024 Trump’s ex-adviser Steve Bannon subpoenaed by Jack Smith’s Jan 6 probe, says report

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SAN DIEGO--(BUSINESS WIRE)--Jul 13, 2023--

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