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ABC News: Flynn prepared to testify against Trump

Michael Flynn, who pleaded guilty today to lying to the FBI, has reportedly promised "full cooperation" with Special Counsel Robert Mueller's team, per ABC. Flynn is prepared to testify that Donald Trump directed him to contact the Russians as president-elect, not as a candidate, ABC News reports, correcting their earlier report.

Why it matters: Trump has denied having, or being aware of, any contact with the Russians during the campaign. A former senior aide to Flynn and ABC contributor, Richard Frankel, said "if there are bodies buried so to speak, General Flynn would know about them."

  • After feeling "abandoned by Trump in recent weeks," Flynn decided to make the plea deal out of concern over the mounting legal costs of contesting the charges, per ABC. He reportedly "plans to sell his house to help defray costs."
  • On the charge of lying to the FBI, he could face up to five years in prison, ABC reports.
  • He has to check in with authorities weekly, and sentencing has been postponed.
  • Federal Judge Rudolph Contreras noted that Flynn "is agreeing to cooperate with authorities in other matters."

Correction: An earlier version of this article stated that Flynn was "also prepared to testify that as a candidate, Donald Trump 'directed [Flynn] to make contact with the Russians,'" per an earlier ABC report that the organization has since changed.

Dan Primack 5 hours ago
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Why the stock markets are tanking

Stock market trader adjusts his glasses.
Photo by Xinhua/Wang Ying via Getty Images

Stock markets were down sharply on Thursday, with the Dow Jones Industrial Average losing 724 points, or 2.96%.

Three key drivers: Tariffs, inter-bank lending rates and Facebook's troubles.

Caitlin Owens 8 hours ago
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How Congress missed yet another chance for an immigration deal

Congressional leaders with President Trump
Congressional leaders with President Trump. Photo: Olivier Douliery - Pool / Getty Images

Congressional leaders and the White House failed to come to an agreement on temporary protections for Dreamers over the past week as part of the giant spending bill, leaving the issue unresolved.

Why it matters: After all of the fighting over President Trump's decision to end DACA — including a government shutdown over it — the White House and Congress ended up with nothing. The issue is currently tied up in the courts. And though both sides agree it's better to give Dreamers more certainty over their future, they just can't agree how to do it.