Sep 15, 2019

Eric Holder: Trump could face prosecution after leaving office

Eric Holder. Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

Former Attorney General Eric Holder told CNN Saturday that President Trump could face prosecution once he leaves office for allegedly breaking campaign finance laws. But he warned there's a "potential cost to the nation by putting on trial a former president."

Details: Holder told CNN political commentator David Axelrod, a former senior adviser to President Obama, that there was an indictment in the Southern District of New York concerning former Trump lawyer Michael Cohen's guilty plea to campaign finance violations and other charges, which saw him sentenced to 3 years in prison.

Individual-1 is the president, and it would seem to me that the next attorney general, the next president, is going to have to make a determination."
— Eric Holder to CNN

The other side: Trump and other Republicans have dismissed Cohen's claims that Trump directed him to pay hush money to women with whom Trump allegedly had extramarital affairs.

Go deeper: How Michael Cohen's guilty plea implicates Trump

Go deeper

Appeals court grants Trump stay in legal fight over his tax returns

Photo: Chip Somodevilla/Getty Images

The Second Circuit Court of Appeals granted President Trump an emergency stay Monday after the president lost a key court ruling over his tax returns, reports Bloomberg.

The state of play: A New York federal judge ruled earlier in the day that Manhattan's district attorney could subpoena 8 years of the president's personal and corporate tax returns from his longtime accounting firm, Mazars USA.

Go deeperArrowUpdated Oct 7, 2019

NYT: Manhattan prosecutors subpoena Trump tax returns

Photo: Drew Angerer/Getty Images

The office of Manhattan District Attorney Cyrus Vance has subpoenaed 8 years of President Trump's "personal and corporate tax returns" as part of its investigation into hush money payments made to Stormy Daniels during the 2016 election, the New York Times reports.

The big picture: A federal investigation into the payments resulted in Trump's former personal lawyer Michael Cohen pleading guilty to campaign finance violations, and it "effectively concluded" in July with no further charges. Vance's office opened a new investigation last month into whether the Trump Organization falsely listed its reimbursement of Cohen for the $130,000 payment to Daniels as a legal expense, which would be illegal under New York law.

Go deeperArrowSep 16, 2019

Trump sues Manhattan DA to block release of tax returns

Photo: Drew Angerer/Getty Images

President Trump on Thursday sued Manhattan District Attorney Cyrus Vance in an effort to block New York prosecutors from obtaining 8 years of his personal and corporate tax returns from his longtime accounting firm, Mazars USA.

Context: The New York Times reported this week that Vance's office had subpoenaed Trump's tax returns as part of its investigation into hush money payments made to Stormy Daniels during the 2016 election.

Go deeperArrowSep 19, 2019