- High-stakes testimony: Donald Trump is testifying under oath in the New York civil fraud trial against him and is being pressed on the financial documents at the heart of the case. Trump has sparred with the judge repeatedly so far, as the judge has told the former president to answer the questions related to the case — and not give speeches. The judge warned Trump’s attorney to control his client or he will be removed from the stand. There are no cameras in court, but CNN reporters are providing the latest updates from inside.
- The lawsuit: The $250 million lawsuit brought by New York Attorney General Letitia James alleges that Trump and his co-defendants committed repeated fraud in inflating assets on financial statements to get better terms on commercial real estate loans and insurance policies. The judge already ruled the former president is liable for fraud and he’s considering how much the Trumps will have to pay in damages.
- Why it matters: The case is civil, not criminal, but threatens Trump’s business in New York. James is seeking to bar Trump from doing business in the state and to dissolve his companies. Trump’s testimony Monday will also serve as a precursor to the four criminal trials he faces next year as he campaigns to regain the presidency.