New York AG plans criminal investigation into Michael Cohen's taxes

Trump claims markets would crash if he was impeached

Later in the week, federal prosecutors probing Cohen granted immunity to Trump Organisation CFO Allen Weisselberg, and American Media Inc.

Former longtime Trump attorney Michael Cohen pleaded guilty to eight felonies this week, including campaign finance violations that centered around pre-election hush money.

Meanwhile, Michael Cohen admitted guilt in tax evasion and campaign finance violations related to payments to Stormy Daniels.

Cohen has stayed out of sight and has remained emotional since his plea, according to the people close to him.

Such payments could be considered illegal campaign contributions under federal election law.

Dershowitz, an informal Trump adviser, said in an appearance on ABC News' This Week that the expanding probe by prosecutors in the Southern District of NY could spell the greatest peril for Trump because of the lack of constitutional protections for the President at that level.

He spoke to a grand jury investigating Michael Cohen.

For context, NBC News compared the percentage of voters aware of the Manafort and Cohen stories to that of the "Bridgegate" scandal that hobbled former New Jersey Gov. Chris Christie.

Trump and Cohen had long stopped speaking, but word would get back to the lawyer that the president was belittling him.

It's late August, a time when the news cycle traditionally slows down and television airs a good number of repeat broadcasts.

On Thursday, it emerged that David Pecker, head of the company that publishes the National Enquirer tabloid, was also given immunity.

The US President noted that during the earlier investigation, the FBI has ignored tens of thousands of emails of former Secretary of state. Guy Petrillo, an attorney for Cohen, did not respond to a request for comment.

Since then, Lanny Davis - Cohen's lawyer - has suggested his client had information about possible collusion between the Trump campaign and the Kremlin that he'd be willing to share with special counsel Robert Mueller.

In entering a guilty plea, Cohen said under oath that the payments were made "in coordination with and at the direction of a candidate for federal office", in clear reference to Trump. The money covered the $130,000 payment to Daniels plus costs and fees, a bonus for Cohen, and money to cover his tax liability.

Cohen, the Journal reported, was likely referring to creating a shell company to make a payment in return for silence, presumably regarding former Playboy model Karen McDougal.

Dershowitz said that while Trump has the right to fire Sessions, "I think it would be a mistake to fire anybody".

Second, Trump can cure the injustice stemming from the one-sided probe by declassifying documents the Justice Department is hiding from Congress and the public.

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