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G.O.P. leaders are exploring cuts to federal aid, leaving some states fearful that their budgets cannot absorb billions of dollars in new costs.
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As President Donald Trump meets with leaders in the Middle East this week, we look at how his administration and family have opened wide to foreign powers and wealthy interests willing to spend big to gain influence. Top buyers of Trump's novelty cryptocurrency have spent millions as part of a contest to have dinner with the president. Trump's sons Donald Jr. and Eric have also signed a number of deals around the world, trading on the family's name and influence, and son-in-law Jared Kushner has taken in billions in investment from Gulf states. "There's very little restraint at the moment," says New York Times investigative reporter Eric Lipton, who is tracking the deals. "They're just pursuing as many profitable deals as they can find."
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Donald Trump has raised nearly a billion dollars from his various cryptocurrency schemes, says researcher Molly White. "He is really allowing for bribery and the types of corruption that we've never seen in the American presidency," White says. She lays out how the Trump family profits from cryptocurrency while directly influencing policy and regulations, encouraging the transfer of wealth to the industry despite its "enormous risk of fraud and collapse."
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