Photo: Win McNamee/Getty Images

Donald Trump Jr. placed the blame for a Trump Tower Moscow project solely on President Trump's former attorney Michael Cohen in an interview on Fox News' "The Ingraham Angle" Monday night, saying, "We don't know anything about it."

The big picture: Trump Jr.'s statement contradicts multiple facts that have already been made public about the Moscow project — mentioned publicly in a 2013 Trump tweet — which was formalized in a letter of intent signed by Trump in October 2015 with a team of developers first revealed in 2017.

Don Jr.'s full quote on "The Ingraham Angle":

"But the reality is this wasn't a deal — we don't know the developer. We don't know the site. We don't know anything about it.  
Ultimately, it was Michael Cohen essentially trying to get a deal done. You know, he was there for a long time. He wasn't exactly a deal guy.  He didn’t bring too many to the table. So, I don't think anyone took it all that seriously."

Driving the news: Trump's lawyer, Rudy Giuliani, attempted to walk back comments he made over the weekend that Trump worked on the Moscow project all the way up to Election Day, which Axios' Jim VandeHei notes could be a strategy to confirm troubling facts so that they won't seem as jarring when revealed in full by special counsel Robert Mueller or others.

  • Giuliani told The New Yorker's Isaac Chotiner on Monday: "I am afraid it will be on my gravestone. 'Rudy Giuliani: He lied for Trump.' Somehow, I don’t think that will be it. But, if it is, so what do I care? I’ll be dead. I figure I can explain it to St. Peter. He will be on my side, because I am, so far. ... I don’t think, as a lawyer, I ever said anything that’s untruthful."

Go deeper: The real Trump bombshell

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.