New York City ending business ties with Trump Organization

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New York City Mayor Bill de Blasio says the move affects 3 contracts with the Trump Organization worth about $17 million a year.

last week by a crowd that President Donald Trump had egged on.

"The president incited a rebellion against the United States government that killed 5 people and threatened to derail the constitutional transfer of power," De Blasio said in a statement."The city of New York will not be associated with those unforgivable acts in any shape, way, or form." On January 6, Trump addressed thousands of supporters, reiterating his unsupported claim that his reelection was stolen. He urged them to march to the Capitol where Congress was affirming President-elect Joe Biden's victory in the Electoral College.

Trump's role in encouraging the crowd also resulted in the targeting of some of his personal banking relationships. A Signature Bank spokeswoman said it would close his checking and money market accounts that held at least $5.1 million, according to public disclosures.

 

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