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Trump will have to mortgage or sell assets with discounts to pay the bond of $464 million

Former President of the United States Donald Trump again insisted that he does not have the liquidity to pay the deposit of 464 million dollars imposed on him by Judge Arthur Engoron of New York, unless he resorts to mortgage or sell “large assets, perhaps at a balance price.”

After his lawyers argued on Monday in a letter to Engoron that it was “impossible” for his client to collect that amount, on Tuesday Trump turned to his network, Truth Social, to charge again against the judge and his “ridiculous decision,” in reference to the bail imposed on February 16 and which gives the tycoon a term until March 25 to complete the payment.

“No one has ever heard anything like it. I would be forced to mortgage or sell large assets, even at a balance price, and if I then win on appeal, they will have disappeared – he complained – WITCH HUNT. ELECTORAL INTERFERENCE!”, he wrote with his usual capital letters.

Trump’s lawyers and his co-defendants in the fraud case argued on Monday the impossibility of collecting that money: “The continuous and diligent efforts of the defendants have shown that a bail for the total amount of the sentence is ‘a practical impossibility,’” the lawyers explained in the letter to the judge. In addition, the legal team pointed out that they had approached approximately 30 insurance companies through four different corridors and that they have spent “untless hours negotiating,” but they have not gotten an insurer.

In New York, defendants in civil cases must pay bail in the amount of at least 110% of the amount of the ruling to delay the payment of the fine while they appeal.

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Earlier this month, Trump paid a bail of almost $92 million to appeal the $83.3 million in damages that a jury ordered him to pay to the writer E. Jean Carroll for a case other than defamation by denying his accusations of sexual assault.

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International

Trump to build $200M ballroom at the White House by 2028

The U.S. government under President Donald Trump announced on Thursday that it will begin construction in September on a new 8,000-square-meter ballroom at the White House.

The announcement was made by Karoline Leavitt, the administration’s press secretary, during a briefing in which she explained that the expansion responds to the need for a larger venue to host “major events.”

“Other presidents have long wished for a space capable of accommodating large gatherings within the White House complex… President Trump has committed to solving this issue,” Leavitt told reporters.

The project is estimated to cost $200 million, fully funded through donations from Trump himself and other “patriots,” according to a government statement. Construction is scheduled to begin in September and is expected to be completed before Trump’s term ends in 2028.

The Clark Construction Group, a Virginia-based company known for projects such as the Capital One Arena and L’Enfant Plaza in Washington, D.C., has been selected to lead the project.

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The new ballroom will be built on the East Wing of the White House, expanding the iconic residence with a space designed for state dinners, official ceremonies, and large-scale events.

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International

Three salvadorans in Florida sentenced in $146 million construction tax fraud scheme

Three Salvadoran residents living in Orlando, Florida, were sentenced for conspiracy to commit tax fraud and wire fraud involving a scheme exceeding $146 million in the construction industry, according to the U.S. Attorney’s Office for the Middle District of Florida. The sentence was handed down by federal judge Timothy J. Corrigan on Tuesday, July 29.

Eduardo Aníbal Escobar (45) was sentenced to 4 years and 9 months in prison, Carlos Alberto Rodríguez (36) to 3 years and 4 months, and Adelmy Tejada (57) to 18 months in prison, followed by 6 months of house arrest. All three pled guilty on April 3, 2025.

In addition to the prison terms, the court ordered restitution payments totaling $36,957,616 to the IRS for unpaid payroll taxes, and $397,895 to two insurers for workers’ compensation claims related to the scheme.

Escobar and Rodríguez are permanent legal residents originally from El Salvador, while Tejada is a naturalized U.S. citizen of Salvadoran origin.

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International

Kremlin hails preparedness after Kamchatka quakes leave no casualties

The Kremlin expressed relief that the earthquakes that struck Russia’s Kamchatka Peninsula today —the first being the strongest since 1952— resulted in no casualties, and emphasized that the region is well prepared to face such natural disasters.

“Thank God, there were no victims,” said Kremlin spokesman Dmitry Peskov during his daily press briefing.

The presidential representative stated that “all alert systems were activated in time, and evacuations were organized for residents in areas requiring it in response to tsunami threats.”

“Overall, the seismic resilience of the buildings proved effective (…) Therefore, we can say that the technological preparedness demonstrated a high level,” Peskov added.

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