(Hot Air)—Has anyone checked in with Scott Pelley this afternoon to see if he needs smelling salts? How about Bill Owens?
Two months ago, both men erupted in anger when Paramount’s board decided to settle an election fraud lawsuit from Donald Trump over the deceptively edited interview of Kamala Harris by 60 Minutes during the general election. Trump had filed a $20 billion lawsuit against Paramount, a big liability for a corporation attempting to close a deal with Skydance. Shari Redstone’s decision to settle infuriated CBS News figures at the time.
However, even that didn’t go easy. Paramount offered Trump $15 million for his presidential library, but with no admission of error. Trump insisted he wanted the public apology and at least $25 million. Today, a mediator offered to split the baby:
A mediator has proposed that President Trump and Paramount Global settle his lawsuit over a CBS News “60 Minutes” interview with former Vice President Kamala Harris for $20 million, according to people familiar with the matter.
The proposal would include a $17 million donation to Trump’s presidential foundation or museum, the people said. It would also include millions more in legal fees and public service announcements on Paramount-owned networks to fight antisemitism, the people said.
Trump’s team has said it wants an apology—something Paramount isn’t prepared to do, according to people familiar with the situation. It couldn’t be learned whether Trump’s team is still seeking an apology.
They don’t want to admit error, the WSJ later notes, because they don’t want to expose their news operations to further legal liability for cooked reporting and corrupt election meddling. They want the lawsuit out of the way for their merger with Skydance, likely because of the potential liability of a $20 billion claim on the balance sheet as the value of Paramount gets calculated.
Other media outlets also claim that Paramount and Redstone are worried that the FTC would intervene in the merger in retaliation, but that has never made a lot of sense. (The WSJ lays out that case near the end of that report, for those who want to read it.) There isn’t really much of a reason for an FTC intervention in this merger, as it’s not even among the more impactful consolidations in the entertainment industry of late. A federal court would make short shrift of such a move, especially these days, and maybe especially in the DC circuit.
- Read More: hotair.com
Why the National Debt Is the Looming Threat to Your Retirement Plans
The Hidden Crisis No One Is Talking About
Every day, headlines warn about inflation, market volatility, and global instability—but the greatest looming threat to your retirement might be something far more fundamental: America’s skyrocketing national debt.
You can learn more about how the national debt affects you by reading this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“.
With debt growing faster than most Americans can possibly fathom, the government’s borrowing habits have reached historic—and dangerous—levels. To cover spending, Washington is making moves with their budget packages, tariffs, and taxes. Is it enough? No. It’s not even close to what would be necessary to stop out-of-control debt, let alone reverse it.
How Debt Erodes Your Nest Egg
There are only so many levers government and the Federal Reserve can pull to try to protect Americans, assuming that’s even a top priority for them. Unfortunately, pulling one level to relive one pressure invariably adds pressure from another direction. This is why prices keep going up even as inflation reportedly slows.
For retirees and pre-retirees, that’s a perfect storm. The dollars you’ve worked hard to save lose value, and your cost of living increases while your investments lag behind.
If you’re relying solely on paper-based assets—stocks, bonds, or mutual funds—you’re essentially tied to the same system that’s creating the problem. It’s a system that was designed to work well in the 20th century, not in today’s world with people living longer and the dollar rapidly losing value.
This is why the 3-minute report, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now,” is so important.
The Precious Metals Hedge
Thousands of Americans are looking for a tangible, time-tested hedge: physical gold and silver.
Unlike paper assets, precious metals aren’t dependent on government policy or the stock market’s mood swings. They’re real, finite resources that have maintained value for thousands of years through wars, recessions, and inflationary periods.
In fact, during times of high inflation and fiscal instability, gold often performs its best—because it’s seen as a store of value when faith in the dollar weakens. This is why prices have skyrocketed this year and are expected by many economists to continue going up in the future.
Take Control with a Gold IRA
One of the most effective ways to protect your retirement from national debt fallout is through a self-directed Gold IRA. This IRS-approved account lets you hold physical gold and silver within your retirement portfolio, giving you:
- Direct ownership of your assets
- A hedge against inflation and dollar decline
- The control to diversify beyond Wall Street
Augusta Precious Metals specializes in helping Americans just like you take this step with confidence. The company has earned a strong reputation for transparency, education, and personalized service—making it one of the most trusted names in the industry.
The Next Step: Secure Your Financial Future
Augusta Precious Metals has helped thousands of Americans with at least $50,000 to invest from their IRAs, 401(K)s, TSPs, and other retirement accounts safeguard their savings through precious metals.
If you’re concerned about what the rising national debt could mean for your future, now is the time to act.
Read this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“ and learn the simple steps you can take to protect your retirement.