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Citi criticized for $400 million stadium sponsorship

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CNN’s Joe John talked with Rep. John Lewis who doesn’t think that Citigroup should be paying The New York Mets $400 million for naming rights to their new stadium while receiving billions as a bailout from taxpayers.

“They come to us saying, ‘look, Congress, we’re about to die.’ Yet, and still and at the same time, they are saying they are going to let go some 52,000 employees, but they want to hold on to, they are adamant about holding on the a deal whereby they can plaster their name on the front of a stadium in New York for $400 million over the course of the next 20 years. I have a problem with that. My constituents do too.”

This video is from CNN’s American Morning, broadcast Nov. 25, 2008.



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Hope Hicks denied under oath knowing about Trump’s hush-money payments to Stormy Daniels

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Former White House communications director Hope Hicks on Wednesday denied under oath knowing anything about the hush-money scheme set up by former Trump "fixer" Michael Cohen to pay off President Donald Trump's former mistresses.

"Hicks told lawmakers today that she did not have knowledge during 2016 campaign of hush-money payments made in run-up to election," reports CNN's Manu Raju. "Also she wouldn’t discuss what she learned about those payments during her time at White House because of immunity claims."

Hicks told lawmakers today that she did not have knowledge during 2016 campaign of hush-money payments made in run-up to election, per sources. Also she wouldn’t discuss what she learned about those payments during her time at WH bc of immunity claims https://t.co/GZWqzCzpGX

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Federal Reserve chair defiant in face of Trump threats: ‘The law is clear — I have a four-year term’

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Federal Reserve Chairman Jerome Powell sounded a defiant note on Wednesday as he announced that there would be no further cuts to interest rates for the time being.

Even though President Donald Trump has been publicly calling for a rate cut to spur additional economic growth ahead of his reelection campaign, Powell kept interest rates at their current level and signaled that he did not foresee any interest rate cuts for the rest of the year.

Powell was asked by a reporter if he was concerned about being "demoted" by Trump in the wake of this announcement, the Federal Reserve Chairman said he wasn't worried.

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John Dean explains the big mistake Hope Hicks made by stonewalling Congress

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Former White House counsel John Dean, a key figure in the Watergate scandal, said Wednesday on CNN that there was a serious flaw in the attempt to prevent longtime Trump confidant Hope Hicks from testifying to Congress.

White House lawyers have asserted that Hicks has absolute immunity and is not legally required to testify about her time as Trump's director of communications. Hicks testified Wednesday during a closed-door hearing before the House Judiciary Committee — where she reportedly refused to answer questions about her White House job.

"Privilege is not being asserted here. Instead, the White House says that Hicks has absolute immunity regarding the time that she spent at 1600 Pennsylvania. Does absolute immunity even exist? And if so, can you explain to me the difference between the two?" CNN host Brooke Baldwin asked Dean.

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