Bulletin Brief

Supreme Court argues Presidential Immunity (NBC, AP)

Speaker of the House faces calls to either resign or be subjected to removal (CBS, CNN)

University of Michigan football program get 3 years probation after recruiting scandal (NBC, AP)

Caitlin Clark to play for the Indiana Fever (AP)

Day two of Trump’s hush money trial appoints 7 jurors (Reuters)

Treasury yields surge on Powell’s inflation concerns (CNBC)

Iconic artists enter National Recording Registry (AP)

For those who read...

‍

In Must Know News…

• The Supreme Court is questioning whether obstruction charges should be upheld against the hundreds of participants in the January 6 Capitol riot. The case has implications for the upcoming Trump trial, in which Justices will determine whether the former president has immunity from prosecution for his actions during the Capitol riot. 
• Speaker of the House Mike Johnson again faces calls to either resign or be subjected to removal. The motion comes after Johnson worked with Democrats to approve a government funding package, angering the slim Republican majority. Behind closed doors, Republicans have begun to look for a replacement, favoring Trump-endorsed members such as Tom Emmer, who unsuccessfully ran for speakership in October.
• The University of Michigan football program received 3 years probation and recruiting limits after they had engaged in impermissible contact with recruits during the Covid-19 pandemic. At the time, actively recruiting players was banned by the NCAA. The sign-stealing case against former coach Jim Harbaugh is unrelated, though could cause the Wolverines to incur extra fines for being a “repeat offender.”

‍

In Other Notable News…

• Caitlin Clark fulfilled her lifelong dream as she was selected with the No. 1 pick in the WNBA draft by the Indiana Fever, aiming to rejuvenate the franchise with her skill and dedication. 
• On day two of Trump’s hush money trial, seven jurors were selected with five more still needed, and the trial will continue on Thursday with the judge informing lawyers that disruptions will not be tolerated after Trump audibly muttered during a juror’s questioning. 
• The U.S. Treasury yield surged yesterday as Federal Reserve Chair Jerome Powell’s remarks on persistent inflation pushed the 2-year yield above 5%, sparking concerns about potential delays in rate cuts.
• ABBA, Blondie, the Notorious B.I.G., and others’ recordings are among the newest entries in the National Recording Registry, acknowledged for their lasting cultural impact and rich musical heritage for lasting generations by the Library of Congress.