Trump says he spoke with Putin about ending war in Ukraine
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(WASHINGTON) — President Donald Trump on Wednesday said he spoke with Russian President Vladimir Putin about ending the war in Ukraine, which started three years ago when Putin’s forces launched a full-scale invasion.
“I just had a lengthy and highly productive phone call with President Vladimir Putin of Russia,” Trump wrote in a lengthy post on his conservative social media platform. “We discussed Ukraine, the Middle East, Energy, Artificial Intelligence, the power of the Dollar, and various other subjects.”
On Ukraine, Trump said he and Putin “agreed to work together, very closely, including visiting each other’s Nations.”
“We have also agreed to have our respective teams start negotiations immediately, and we will begin by calling President Zelenskyy, of Ukraine, to inform him of the conversation, something which I will be doing right now,” Trump said. A source confirmed to ABC News that Trump and Zelenskyy were speaking by phone.
Trump added, “President Putin even used my very strong Campaign motto of, “COMMON SENSE.” We both believe very strongly in it.”
The discussion between Trump and Putin lasted an hour and a half, according to Kremlin spokesman Dmitry Peskov.
“President Trump spoke in favor of an early end to hostilities and a peaceful solution to the problem. President Putin, for his part, mentioned the need to eliminate the root causes of the conflict and agreed with Trump that a long-term settlement can be achieved through peaceful negotiations,” Peskov told reporters.
Ukraine’s Zelenskyy has demanded full territorial liberation, and earlier this week signaled a willingness to swap territory with Russia.
U.S. Defense Secretary Pete Hegseth said earlier Wednesday that a return to Ukraine’s pre-war borders is an “unrealistic objective” in peace talks, as was NATO membership for Ukraine.
The comments were made at his first meeting of the Ukraine Defense Contact Group, a coalition of countries working to support Kyiv, in Brussels.
“President Trump has been clear with the American people — and with many of your leaders — that stopping the fighting and reaching an enduring peace is a top priority,” Hegseth told leaders.
Trump has long maintained, and repeated in his post Wednesday, that the war in Ukraine would never have happened had he been president.
He also thanked Putin for the release of Marc Fogel, an American teacher who had been serving a 14-year prison sentence in Russia after being arrested on drug charges in 2021. Fogel arrived at the White House late Tuesday night.
ABC News’ Ellie Kaufman contributed to this report.
(WASHINGTON) — Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer Financial Protection Bureau.
Rohit Chopra, the director of the government watchdog in charge of protecting the public’s finances, told ABC News the final rule would cap overdraft fees at $5 for many customers.
That would mark a significant savings from the typical $35 fee that millions of customers pay when they withdraw more money from their checking accounts than they have available. The CFPB estimated the new rule could save the typical household $225 per year.
“Big banks love overdraft. It is easy profit for them, but it is punishing for so many Americans, especially those who live paycheck to paycheck,” Chopra told ABC News in an exclusive interview.
The CFPB announced the proposal in January as part of a broader effort by the administration of President Joe Biden to crack down on so-called junk fees. The new rule will take effect Oct. 1, 2025 — but legal challenges could delay that timeline. And Republicans in Congress could also pursue avenues to roll back the rules under a Trump administration.
GOP leaders, including Senate Minority Leader Mitch McConnell, have frequently criticized the Biden administration for overreach and “runaway regulation.”
The Consumer Bankers Association, an industry group representing the nation’s biggest banks, echoed that concern, calling the CFPB rule “just the latest in a myriad of unnecessary and costly regulations by this Administration that seems guided by political polling, rather than by sound policy created by what should be independent agencies,” in a statement to ABC News in January.
But some big banks, including Bank of America, Citi and Capital One, already voluntarily lowered or eliminated overdraft fees — giving heft to the rule, regardless of its final implementation.
“I think some big banks admit that this has gone way too far and gone on way too long. And many of them are even finding that offering low or free overdraft products and services actually helps them gain customers who are looking to be treated fairly,” Chopra said.
The CFPB said consumers still paid a total of nearly $6 billion in overdraft fees last year.
Under the final rule announced Thursday, banks and credit unions will have three different options. They can limit all overdraft fees at $5, which is the amount the CFPB estimated will allow institutions to break even when they offer courtesy overdraft programs.
Banks can also choose to set their fees at “an amount that covers their costs and losses.”
Or if banks choose to make money from overdraft fees, they will be forced to disclose terms of the loan to customers clearly — in the same way customers may agree to high interest rates associated with credit card loans.
“If your bank is charging you big overdraft fees or reordering your payments to enrich themselves, you need to break up with your bank. There are so many local banks, credit unions and others that are offering a better deal, and you should take your business elsewhere,” Chopra said.
The CFPB rule would apply to banks with more than $10 billion in deposits.
(WASHINGTON) — House and Senate lawmakers on Monday met for joint session to certify President-elect Donald Trump’s 2024 victory.
Vice President Kamala Harris, who presided over the ceremony, read the results aloud.
Republicans cheered loudly as she announced Trump’s 312 electoral votes, while Democrats did the same for her 226 electoral votes.
The vote count occurred exactly four years after thousands of pro-Trump supporters violently stormed the U.S. Capitol, temporarily disrupting lawmakers affirming President Joe Biden’s 2020 win.
Monday’s events marked a return to the traditional ceremonial task that had long been a subdued affair until Trump’s challenge of his loss to Biden, though heightened security measures remain in place.
A winter snowstorm blanketed Washington but lawmakers forged ahead with the constitutionally mandated responsibility. The House floor was packed with lawmakers for the count, which was the final step in validating Electoral College results.
This year, President Biden emphasized the importance of America’s bedrock principle of a peaceful transfer of power but urged the country to never forget what happened in 2021.
“We should be proud that our democracy withstood this assault,” Biden wrote in an op-ed published late Sunday by the Washington Post. “And we should be glad we will not see such a shameful attack again this year.”
Harris, too, called it a “sacred obligation” — one she said she would “uphold guided by love of country, loyalty to our Constitution and my unwavering faith in the American people.”
As she made her way to the House chamber, Harris was asked what people should take away from Monday’s events.
“Democracy must be upheld by the people,” she said, raising one finger in the air.
Speaker Mike Johnson, who was just elected to a second term to lead the House with Trump’s assistance, and Vice President Harris called the chamber to order shortly after 1 p.m. ET after the procession of ballots and senators through the Capitol.
Harris opened the votes from each state and handed them to the House tellers, who read aloud the result.
Unlike in 2021, there were no objections to the results. Harris conceded to Trump the day after Election Day, and no Democrats have challenged the outcome as many Republican allies of Trump did in 2020.
Vice President-elect JD Vance, who was a senator from Ohio when he was tapped to be Trump’s running mate, was seated in the front row during the count.
Trump, ahead of the certification, posted on his social media platform that it will be “A BIG MOMENT IN HISTORY. MAGA!”
The president-elect will be sworn in on Monday, Jan. 20.
Trump has claimed his win is a “mandate” from the American people to implement his agenda for the economy, immigration and more.
He is returning to the White House with Republicans controlling both the House and Senate. The 119th Congress was sworn in last Friday.
ABC News’ Allison Pecorin and John Parkinson contributed to this report.
(WASHINGTON) — The Senate, in an extremely narrow vote, confirmed Pete Hegseth, President Donald Trump’s embattled pick to serve as secretary of defense.
The vote was initially 50-50, with Vice President JD Vance then casting the tie-breaking vote.
Former GOP leader Mitch McConnell, of Kentucky, voted no. He joined Sens. Susan Collins, of Maine, and Lisa Murkowski, of Alaska, along with all Democrats in voting against Hegseth’s nomination.
Hegseth, a former “Fox and Friends” television anchor, was nominated by Trump in November to lead the Defense Department. In the time since his nomination was announced, Hegseth has been scrutinized for a number of accusations made against him, including those of sexual assault and financial mismanagement of two different veterans organizations.
Hegseth has fiercely denied the allegations. He appeared before the Senate Armed Services Committee for a public hearing earlier this month, where he asserted to the panel that he was a “changed man.”
“I am not a perfect person, but redemption is real,” he told the panel.
Speaking to reporters while on a visit to Los Angeles, President Donald Trump said he was “very happy” with the vote, and said he was not aware of McConnell’s vote.
In a statement released while the vote was still going on, McConnell said that Hegseth’s desire to be a “change agent” was not enough to qualify him for the role of secretary of defense.
“Effective management of nearly 3 million military and civilian personnel, an annual budget of nearly $1 trillion, and alliances and partnerships around the world is a daily test with staggering consequences for the security of the American people and our global interests,” McConnell said in the statement. “Mr. Hegseth has failed, as yet, to demonstrate that he will pass this test. But as he assumes office, the consequences of failure are as high as they have ever been.”
Hegseth was confirmed by one of the narrowest Senate margins of any defense secretary in modern history. Most defense secretaries have been confirmed with broad bipartisan votes.
Lloyd Austin, former President Joe Biden’s pick for defense secretary, was confirmed in a 93-2 vote and Trump’s first pick for defense secretary in his first term, James Mattis, was confirmed in a 98-1 vote.
Before the vote, Hegseth arrived at the Capitol with his wife and children to watch the proceedings in person, a rare move for a Cabinet nominee.
With the Senate’s vote Friday, Hegseth becomes the third member of Trump’s team to be confirmed by the Senate, following Marco Rubio as secretary of state and John Ratcliffe, as CIA director.
During the same hearing, he affirmed his promise to restore the “warfighting ethos” of the DOD, touting his experience in the National Guard.
It was enough to win over the support of most Republicans in the Senate, including several of those who were initially skeptical.
“He articulated a clear vision of the Pentagon, and it was clear to anyone who listened that he is going to bring energy and fresh ideas to shake up the department’s stagnant bureaucracy,” Mississippi Sen. Roger Wicker, the chairman of the Senate Armed Services Committee, said in a floor speech endorsing Hegseth on Thursday. “He will restore a warfighting ethos and relentlessly focused on the military’s core mission: to deter conflict and, if necessary, to win a war.”
The Senate Armed Services Committee advanced his nomination on a party-line vote on Monday. Then, in a closely watched moment on Thursday, Hegseth’s nomination passed a key test vote that set the table for Friday’s vote of final passage.
The nomination only required a simple majority in the Senate to advance, and it cleared the threshold narrowly, with only GOP backing.
Collins and Murkowski also voted no on that occasion.
In a statement, Murkowski explained that she could not support Hegseth due to concerns about this character and lack of experience.
“I believe that character is the defining trait required of the Secretary of Defense and must be prioritized without compromise,” Murkowski said in the post. “The leader of the Department of Defense must demonstrate and model the standards of behavior and character we expect of all servicemembers, and Mr. Hegseth’s nomination to the role poses significant concerns that I cannot overlook.”
Collins took issue with comments Hegseth made in the past about his belief that women should not serve in combat roles in the military. Though Hegseth has since changed his tune on that, Collins said she was unconvinced.
“I am also concerned about multiple statements, including some in the months just before he was nominated, that Mr. Hegseth has made about women serving in the military,” Collins said. “He and I had a candid conversation in December about his past statements and apparently evolving views. I am not convinced that his position on women serving in combat roles has changed.”
Trump expressed confidence in Hegseth ahead of the vote on Friday, though he added, “You’ll never know what’s going to happen.”
McConnell, the former GOP leader, and North Carolina Sen. Thom Tillis, ultimately cast votes in favor of advancing Hegseth’s nomination in the earlier test vote, although the president questioned whether McConnell will vote no on Hegseth Friday morning.
Tillis said he was still considering the most recent slate of allegations against Hegseth, leveled in an affidavit from Hegseth’s former sister-in-law Danielle Hegseth. In that affidavit, which ABC News obtained, Danielle Hegseth attested that Pete Hegseth’s ex-wife Samantha told her she “once hid in her closet from Hegseth because she feared for her personal safety” in the home they shared during their marriage. It also detailed episodes of binge drinking by Pete Hegseth.
An attorney for Pete Hegseth denied these allegations, and allegations of abuse were also rejected by his ex-wife.
Tillis said he so far has not found credible evidence to back many of the allegations that have be levied against Pete Hegseth but that he’s still doing his vetting on these most recent developments.
“I am in the process of completing due diligence on what appears to be the last allegation. All the other ones I couldn’t conclude had validity,” Tillis said Thursday. “So I’m talking to people that can give me data inputs. It all goes back to the same thing — first-hand, eye-witness, corroborated account.”
