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The Latest: Jack Smith set for private interview with lawmakers about Trump investigations

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The Latest: Jack Smith set for private interview with lawmakers about Trump investigations
News

News

The Latest: Jack Smith set for private interview with lawmakers about Trump investigations

2025-12-17 22:40 Last Updated At:22:50

Former Justice Department special counsel Jack Smith is set for a closed-door interview with House Republicans on Wednesday after lawmakers rebuffed his offer to testify publicly about his investigations into President Donald Trump.

The private deposition is part of an ongoing investigation by the Republican-led House Judiciary Committee into the Justice Department’s criminal inquiries of Trump during the Biden administration. Smith was subpoenaed earlier this month to provide both testimony and documents, and his lawyers indicated that he would cooperate with the congressional demand despite having volunteered more than a month earlier to answer questions publicly before the committee.

Trump says he will address the nation on Wednesday night: Trump announced his plans in a post on his social media site, saying he will speak live from the White House at 9 p.m. EST. White House press secretary Karoline Leavitt told reporters that the president will discuss what he accomplished this year, the first of his second term, and his plans for the next three years.

And the West Wing went into damage control after Trump’s understated but influential chief of staff, Susie Wiles, criticized Attorney General Pam Bondi’s handling of the Jeffrey Epstein case and offered an unvarnished take on her boss and others in his orbit in interviews published Tuesday in Vanity Fair

Here’s the latest:

The Senate Commerce committee is expected to question Brendan Carr Wednesday about how he pressured broadcasters to take ABC late-night host Jimmy Kimmel off the air.

As chairman of the nation’s top broadcast regulator, Carr has closely aligned with Trump’s aggressive posture toward media outlets the administration views as hostile, launching Federal Communications Commission investigations into ABC, CBS and NBC News, in addition to some local stations.

ABC announced Kimmel’s suspension hours after Carr’s “We can do this the easy way or the hard way” warning. The show returned to air within a week amid bipartisan criticism.

“It is unbelievably dangerous for government to put itself in the position of saying ‘we’re going to decide what speech we like and what we don’t’,” Senate Commerce chair Ted Cruz said.

Trump isn’t alone in questioning the lack of video that might clearly identify the gunman who fatally shot two students and wounded nine others in a building at the edge of Brown University ’s campus before escaping into the surrounding neighborhood. Both authorities and community members are raising questions about campus security.

But some others say the attention on security measures does little to address the real issue.

“The issue isn’t the doors, it’s the guns,” said Zoe Kass, a senior who fled the engineering building as police stormed in Saturday. After spending of her life in schools where every door was locked and school shootings continued to persist, Kass said such security measures only created “the illusion of safety.”

In his latest commentary on the Brown University shooting that killed two students, the president suggests the campus should have had more video surveillance.

“Why did Brown University have so few Security Cameras? There can be no excuse for that. In the modern age, it just doesn’t get worse!!!” Trump posted on Truth Social.

Brown President Christina Paxson said the campus has 1,200 cameras, though none captured the shooter clearly. “I have been deeply saddened by people questioning that,” she said Tuesday. “As time goes on, there is a natural instinct to assign responsibility for tragic events like this ... but the shooter is responsible.”

Authorities released a video timeline potentially showing the shooter; they’re seeking additional footage from the public. No arrests have been made.

Trump called it “a school problem” when asked about authorities, including the FBI, not having a suspect.

House Republican leaders are determined to push ahead with a GOP health care bill that excludes efforts to address the soaring monthly premiums millions of Americans will soon endure as pandemic-era tax credits for people who buy insurance through the Affordable Care Act expire at year’s end.

Speaker Mike Johnson had discussed the prospect of allowing more politically vulnerable GOP lawmakers a chance to vote on their amendment that would temporarily extend pandemic-era subsidies for ACA coverage. But after days of private talks, leadership sided with the more conservative wing of the conference, which has assailed the subsidies as propping up a failed ACA marketplace.

The maneuvering surrounding the health care vote all but guarantees that many Americans will see substantially higher insurance costs in 2026. In the Senate, a bipartisan group was still trying to come up with a compromise to extend the subsidies, which fueled this year’s government shutdown. But senators made clear that any potential legislation would likely wait until January, after the holiday break.

▶ Read more about the GOP’s plan

Trump has said for weeks said that the U.S. will move its military pressure campaign beyond the water and start strikes on land. His announcement Tuesday night he’s ordering a naval blockade of all “sanctioned oil tankers” is ramping up pressure on Venezuela’s authoritarian leader Nicolás Maduro.

Trump accused Venezuela of using oil to fund drug trafficking and other crimes and vowed to continue military pressure. “It will only get bigger, and the shock to them will be like nothing they have ever seen before — Until such time as they return to the United States of America all of the Oil, Land, and other Assets that they previously stole from us.”

“On his social media, he assumes that Venezuela’s oil, land, and mineral wealth are his property,” Venezuela’s government responded in a statement. “Consequently, he demands that Venezuela immediately hand over all its riches. The President of the United States intends to impose, in an utterly irrational manner, a supposed naval blockade on Venezuela with the aim of stealing the wealth that belongs to our nation.”

Congress is divided over supporting or challenging the U.S. military strikes on boats in the Caribbean and eastern Pacific that have killed at least 95 people.

▶ Read more about the blockade

Former Justice Department special counsel Jack Smith is set for a closed-door interview with House Republicans on Wednesday after lawmakers rebuffed his offer to testify publicly about his investigations into President Trump.

The private deposition is part of an ongoing investigation by the Republican-led House Judiciary Committee into the Justice Department’s criminal inquiries of Trump during the Biden administration. Smith was subpoenaed earlier this month to provide both testimony and documents, and his lawyers indicated that he would cooperate with the congressional demand despite having volunteered more than a month earlier to answer questions publicly before the committee.

Smith is expected to discuss both of his investigations of Trump but will not answer questions that call for grand jury materials, which are restricted by law, according to a person familiar with the investigation who insisted on anonymity to discuss the interview. He is also expected to correct what he regards as mischaracterizations from Republicans about his work, including about his team’s use of cellphone records belonging to certain GOP lawmakers, the person said.

▶ Read more about the closed-door interview

Warner Bros. urged its shareholders Wednesday to reject a hostile takeover bid from Paramount Skydance, saying that a rival bid from Netflix will be better for customers.

Paramount is offering $30 per Warner share to Netflix’s $27.75. Paramount seeks control of the entire company — including cable stalwarts CNN and Discovery — while the Netflix bid, if approved by regulators and shareholders, will close only after Warner completes its previously announced separation of its cable operations.

In its appeal to shareholders, Paramount noted its offer also contains more cash than Netflix’s bid — $18 billion more — and argued that it’s more likely to pass scrutiny from the Trump administration, a big concern given his habit of injecting himself in American business decisions.

Paramount is run by David Ellison, the son of Oracle CEO and close Trump ally Larry Ellison. A private equity firm owned by Trump’s son-in-law, Jared Kushner, is no longer backing the Paramount deal, the firm confirmed Tuesday.

President Donald Trump is going to Dover Air Force Base in Delaware for a dignified transfer for the two Iowa National Guard members killed in an attack in the Syrian desert.

Trump will travel to Delaware on Wednesday. The ritual at Dover Air Force Base honors U.S. service members killed in action and is one of the most solemn duties undertaken by the commander in chief. Trump has called it “the toughest thing” he has to do as president.

FILE - Special counsel Jack Smith speaks about an indictment of President Donald Trump, Aug. 1, 2023, at a Department of Justice office in Washington. (AP Photo/Jacquelyn Martin, File)

FILE - Special counsel Jack Smith speaks about an indictment of President Donald Trump, Aug. 1, 2023, at a Department of Justice office in Washington. (AP Photo/Jacquelyn Martin, File)

President Nicolas Maduro addresses supporters during a rally marking the anniversary of the Battle of Santa Ines, which took place during Venezuela's 19th-century Federal War, in Caracas, Venezuela, Wednesday, Dec. 10, 2025. (AP Photo/Ariana Cubillos)

President Nicolas Maduro addresses supporters during a rally marking the anniversary of the Battle of Santa Ines, which took place during Venezuela's 19th-century Federal War, in Caracas, Venezuela, Wednesday, Dec. 10, 2025. (AP Photo/Ariana Cubillos)

President Donald Trump speaks during a Hanukkah reception in the East Room of the White House, Tuesday, Dec. 16, 2025, in Washington. (AP Photo/Alex Brandon)

President Donald Trump speaks during a Hanukkah reception in the East Room of the White House, Tuesday, Dec. 16, 2025, in Washington. (AP Photo/Alex Brandon)

NEW YORK (AP) — U.S. stocks are holding relatively steady on Wednesday, while the price of oil claws back some of this year’s sharp slide.

The S&P 500 added 0.1% in early trading, coming off its third straight drop, though it remains near its all-time high. The Dow Jones Industrial Average was up 162 points, or 0.3%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was nearly unchanged.

Companies in the oil business helped lead the way after President Donald Trump ordered a blockade of all “sanctioned oil tankers” into Venezuela. It’s Trump’s latest acceleration in pressure on the leaders of Venezuela, which may be sitting on more oil than any other country.

It sent the price of a barrel of benchmark U.S. crude higher by 1.4% to $55.92, just a day after it had sunk to its lowest level since 2021. Brent crude, the international standard, climbed 1.4% to $59.76 per barrel.

ConocoPhillips rose 1.6% to cut into its loss for the year so far, which came into the day at 8.5%. Other gainers included Devon Energy, which rose 2.8%, and Halliburton, which added 1.1%. Oil prices fell through much of this year on expectations that companies are pumping more than enough crude to meet the world’s demand.

Netflix was another winner and rose 2.4% after Warner Bros. Discovery’s board said it still recommends shareholders approve a buyout offer for its Warner Bros. business from the streaming giant, rather than a competing hostile bid from Paramount Skydance for the entire company.

Warner Bros. Discovery slipped 1.1%, while Paramount Skydance fell 4.4%.

Also on the losing end of Wall Street was Lennar, which sank 3.2% following a mixed profit report. The homebuilder delivered a weaker profit for the latest quarter than analysts expected, though its revenue topped expectations.

Executive Chairman Stuart Miller also said that conditions remain challenging for the industry, with customers feeling less confident while looking for discounts and more affordable options. As a result, the company gave limited forecasts for its upcoming financial performance.

Several steel makers were also under pressure after giving profit forecasts for the end of 2025 that fell below analysts’ expectations.

Nucor slipped 1.6% after the Charlotte, North Carolina-based company said it expects earnings to fall across all three of its operating units from summertime levels. Steel Dynamics of Fort Wayne, Indiana, fell 0.9% after saying it’s selling steel at lower prices than during the summer, among other factors.

In the bond market, Treasury yields ticked higher ahead of a report coming on Thursday that will show how bad inflation has been for U.S. consumers.

The yield on the 10-year Treasury edged up to 4.16% from 4.15% late Tuesday.

In stock markets abroad, indexes were mixed in Europe following a stronger finish in Asia.

South Korea’s Kospi leaped 1.4% for one of the world’s bigger gains to shave its loss for the week so far down to 2.7%.

AP Business Writer Elaine Kurtenbach contributed.

Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Dec. 10, 2025. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Dec. 10, 2025. (AP Photo/Seth Wenig)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), left, at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Wednesday, Dec. 17, 2025. (AP Photo/Ahn Young-joon)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), left, at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Wednesday, Dec. 17, 2025. (AP Photo/Ahn Young-joon)

A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Wednesday, Dec. 17, 2025. (AP Photo/Ahn Young-joon)

A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Wednesday, Dec. 17, 2025. (AP Photo/Ahn Young-joon)

A currency trader stands near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Wednesday, Dec. 17, 2025. (AP Photo/Ahn Young-joon)

A currency trader stands near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Wednesday, Dec. 17, 2025. (AP Photo/Ahn Young-joon)

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