Donald Trump pays out his $25 million Trump University settlement

President-elect Donald Trump quietly paid out $25 million on Tuesday night to settle litigation against his now-defunct Trump University, one day before the deadline and three days before he is set to be inaugurated. The funds were deposited into an escrow account by the Trump Entrepreneur Initiative (Trump University had to change its name to the Trump Entrepreneur Initiative after New York officials told it to stop using the word "university"), and the $25 million will settle three lawsuits th...