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Paramount said Tuesday it would allocate $16 million to Trump's future presidential library and his legal fees and costs.

Donald Trump just extracted $17 million from a company whose future lay in his regulators' hands. That smells of corruption.

Things are hard right now. They are probably going to get worse before they get better,” the vice president wrote.

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"The settlement does not include a statement of apology or regret," the company statement added.