There is a grand jury in Washington DC. The special counsel’s team is full of experts in financial crime. On Russia, the president can feel the net closing

The legal net around Donald Trump’s beleaguered presidency tightened dramatically this week with news that a grand jury has been established a few hundred yards from the White House, to pursue evidence of collusion with the Kremlin.

It is a troubling development for the president, for several reasons. In the US legal system, a grand jury has broad powers to issue subpoenas, and ultimately indictments, at the request of prosecutors.

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