10 things you need to know today: August 11, 2022

Donald Trump takes the 5th at New York deposition, inflation eased from a 40-year high as gas prices fell, and more

Donald Trump after deposition
(Image credit: Stringer/AFP via Getty Images)

1. Trump deposed by New York AG, declines to answer questions

Former President Donald Trump repeatedly invoked his Fifth Amendment right against self-incrimination on Wednesday during a deposition by New York Attorney General Letitia James' office. James is investigating whether Trump and his company misled lenders, insurers, and tax authorities about the value of his properties. Trump said in a statement that he "declined to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution," on the advice of his lawyers. Before the deposition, Trump said on social media that the questioning would be "a continuation of the greatest Witch Hunt in U.S. history! My great company, and myself, are being attacked from all sides. Banana Republic!"

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