International

Ex-Trump aide Bannon faces possible prison for contempt

Photo: Andrew Caballero-Reynolds / AFP

| By AFP |

Donald Trump’s former aide Steve Bannon faces possible prison time Friday, when a judge will set his sentence for refusing to testify in Congress’ probe of the January 6, 2021 attack on the Capitol.

Bannon, a longtime political strategist and vocal advocate for the Republican former president, was found guilty in July on two counts of contempt of Congress for defying a subpoena to testify.

The Justice Department urged the court Monday to sentence the 68-year-old to six months in prison — the high end of sentencing guidelines but less than the maximum possible 12 months — and fine him $200,000, pointing out that Bannon had repeatedly sought to delay the proceedings by hinting he might cooperate.

Bannon “has pursued a bad-faith strategy of defiance and contempt,” the department said.

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Bannon, who currently runs a streaming political commentary website, asked the court to sentence him to probation, saying he had rejected the congressional subpoena on the advice of his lawyers.

He also asked that the court place a stay on implementation of any sentence while his appeal of the original verdict goes ahead.

“Mr. Bannon respectfully asserts that a sentence of incarceration would violate his constitutional rights,” his submission said.

The investigation by a special House committee has depicted Bannon as knowing in advance of the plan by hardline Trump supporters to attack the Capitol on January 6 to prevent Democrat Joe Biden from being confirmed as the next president.

It also showed him advocating for Congress to block Biden — who defeated Trump in the November 2020 election — from becoming president.

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“The rioters who overran the Capitol on January 6 did not just attack a building — they assaulted the rule of law upon which this country was built and through which it endures,” the Justice Department told the court in its sentencing memo.

“By flouting the Select Committee’s subpoena and its authority, the defendant exacerbated that assault.”

Bannon was one of the masterminds behind Trump’s original presidential campaign and victory in 2016.

He served in the White House for the first seven months of Trump’s term as chief strategist, leaving reportedly due to conflicts with other top staffers.

In 2020, Bannon was charged together with others with wire fraud and money laundering for taking millions of dollars for personal use that donors contributed to their scheme to build a wall on the border with Mexico.

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While others were found guilty in the scheme, before leaving office in January 2021, Trump issued of blanket pardon for Bannon, leading to the dismissal of the charges against him.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.