Charities

Trump agrees to pay $2 million for violating charities law

President Trump
Photo: Matt Sullivan/Getty Images

A judge has ordered President Trump and his children to pay $2 million to a group of nonprofit organizations as part of a settlement with the New York state attorney general's office involving "persistent" violations of charities law, reports CNN.

Why it matters: The lawsuit alleges that the Trumps violated state and federal campaign finance laws in 2016 by using the Donald J. Trump Foundation's tax-exempt status "as little more than a checkbook to serve Mr. Trump's business and political interests." The Trump Foundation agreed to dissolve last December in compliance with the lawsuit.

The corporatization of hospital systems

A hospital sign with the 'H' replaced with a dollar sign.
Illustration: Lazaro Gamio/Axios

Not-for-profit hospital systems increasingly operate more like corporate titans on the stock exchanges than the charities they promote themselves to be.

The big picture: As hospital systems have gotten larger, they have hosted more investor calls, released more financial data and attended more conferences and roadshows to attract banks and municipal debt buyers — all while health care spending continues to soar.