The Biden administration is increasingly concerned about Israel’s conduct in its war against Hamas. A jury’s verdict against a standard real estate fee could disrupt the housing market. And Eric Trump will again testify in his father’s civil fraud trial.
Here’s what to know today.
Gaza’s civilian crisis fuels U.S. alarm
As the humanitarian crisis in Gaza worsens and the death toll among its civilians rises, top Biden administration officials are growing concerned about Israel’s approach to the war. There is uncertainty about whether the Israelis can be controlled, according to two current and two former senior U.S. officials who are familiar with the internal discussions.
In the past week, Biden and his top aides have adjusted the administration’s public message to emphasize their concern for Palestinian civilians and their efforts to provide humanitarian relief. This shift in messaging comes after criticism at home and abroad of Biden’s initial strong support for Israel’s military response to Hamas, while not speaking as forcefully about protecting Palestinians. Images of civilian casualties in Gaza continue to circulate worldwide.
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Secretary of State Antony Blinken delivered a stronger message before his arrival in Israel this morning. He is expected to advocate for humanitarian pauses. Before boarding his plane, Blinken told reporters, “As we’ve said from the start, Israel has not only the right but the obligation to defend itself. We’ve also said very clearly and repeatedly that how Israel does this matters.”
“The reality is setting in on how long it’s going to be and how hard it’s going to be,” said a former senior U.S. official familiar with the discussions inside the White House. The administration officials “are realizing the United States is increasingly going to get isolated,” the former official said. “There’s no obvious way to avoid that, and it affects everything they do.”
Read the full story here.
More on the Israel-Hamas war
Sam Bankman-Fried found guilty in FTX fraud trial
Sam Bankman-Fried, the co-founder of the digital currency exchange FTX, has been found guilty on all counts in his fraud trial. He could face up to 110 years in prison. This comes a year after FTX collapsed, resulting in significant losses for thousands of customers.
After the verdict, Damian Williams, the U.S. attorney for the Southern District of New York, stated, “Bankman-Fried perpetrated one of the biggest financial frauds in American history. The cryptocurrency industry might be new; the players like Bankman-Fried might be new. But this kind of fraud, this kind of corruption, is as old as time.”
The jury took about four hours to find Bankman-Fried guilty on seven counts of wire fraud, securities fraud, and money laundering. These crimes defrauded customers of FTX and lenders to its affiliated hedge fund, Alameda Research. Review the FTX collapse and major moments in the trial.
House-passed bill for aid to Israel faces a Senate clash
A bill providing $14.3 billion in aid to Israel passed in the House yesterday. However, its prospects in the Senate look slim after Majority Leader Chuck Schumer declared that the bill would not go anywhere. This follows a 226-196 vote on Thursday, mostly along party lines. President Joe Biden has also stated that he would veto the funding bill. Instead, Biden and Senate Democrats are pushing for a broader $106 billion bill that includes aid for both Israel and Ukraine, humanitarian aid for Gaza, and funding for U.S. border operations.
Democrats are also concerned about cuts to IRS funding within the House-passed bill. They point to a new report from the Congressional Budget Office, which claims that the overall measure would add billions to the deficit.
A billion-dollar verdict could disrupt the housing market
Home buyers and sellers are currently in a state of uncertainty as they wait to see the potential effects of a $1.78 billion verdict this week in Kansas City, Missouri. The case involved the National Association of Realtors and centered around the standard 6% commissions that sellers pay their agents, who then share them with the buyers’ agents. The jury ruled that this practice, which is widespread in the industry, amounts to collusion to inflate real estate fees.
For now, the practice remains unchanged as the NAR plans to appeal the decision. However, the legal uncertainty could cause homeowners to delay listing their homes. This comes at a challenging time for both buyers and sellers in the housing market.
Politics in Brief
Trump fraud trial: Eric Trump’s testimony is set to continue this afternoon as he and Donald Trump Jr. testified in the civil fraud trial of their father, former President Trump, yesterday. During his first day on the stand, Eric Trump was presented with evidence proving his knowledge of the Trump Organization’s financial statements after testifying that he “didn’t know anything.” Review more highlights.
Artificial intelligence: Former President Barack Obama has been quietly advising the White House over the last few months on its approach to addressing AI. This includes establishing relationships with tech companies and reaching out to advocacy groups.
Tuberville’s blockade: A spokesperson for Senator Tommy Tuberville sparked backlash from Republicans by privately suggesting primary challengers for senators who vote against Tuberville’s blockade of military promotions.
Trump indictments: Federal prosecutors argue that Donald Trump is trying to delay his federal trials in Florida and Washington “at any cost.”
Staff Pick: ‘You can’t see manipulation’
Before Becky Bliefnick was tragically killed in her Illinois home, she sought help from the court to obtain an emergency restraining order against her husband. Unfortunately, her request was denied. Her estranged husband was later sentenced to life in prison for her murder. In this article, Tim Stelloh and the “Dateline” team explore the complex dynamics at play during divorce proceedings and the circumstances that led to Bliefnick’s death. — Claire Cardona, breaking news editor
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