Patrick Semansky / AP

Vice President Mike Pence while delivering the commencement speech at the U.S. Naval Academy's graduation and commissioning ceremony Friday:

  • "President Trump is the best friend of the armed forces the United States will ever have. I promise, no matter where you're called to serve, no matter what the mission, this commander in chief will always have your back."
  • "Let me be clear, the era of budget cuts of the Armed Forces of the United States is over... let our adversaries and enemies know that America is prepared to lead, and fight and win any contest, any struggle, anywhere, on behalf of freedom."
  • "As the proud parents of a first lieutenant in the Marine Corps, my wife [who Pence referred to as "my commanding officer"] and I know that this graduation is an important moment for your loved ones."

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Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

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Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.