Feb 28, 2019

House Intel Committee plans to bring in Trump Org. CFO Allen Weisselberg

Allen Weiselberg behind Donald Trump and Donald Trump Jr. Photo: Timothy A. Clary/AFP/Getty Images

The House Intelligence Committee plans to bring in the Trump Organization's longtime Chief Financial Officer Allen Weisselberg to testify, the Daily Beast first reported and a Democratic aide confirmed to Axios.

Why it matters: President Trump's former attorney Michael Cohen testified yesterday that Weisselberg was directly involved in Trump's sketchy legal practices. Cohen alleged that Weisselberg and Trump discussed reimbursements for hush money payments made to Stormy Daniels, and that Weisselberg was aware Trump committed potential insurance fraud by inflating his assets.

  • House Oversight Committee Chairman Elijah Cummings said Thursday that the panel is also pursuing an interview with Weisselberg and other Trump Organization executives.

Worth noting: Weisselberg was granted immunity in August by federal prosecutors in New York for cooperating with their investigation. However, it appears Trump still has Weisselberg's loyalty. NBC reported yesterday that Weisselberg still works with The Trump Organization and has never been a cooperating witness against Trump.

Go deeper: The Trump Organization's coming "proctology exam"

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Stocks fall 4% as sell-off worsens

A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images

Stocks fell more than 4% on Thursday, extending the market’s worst week since the financial crisis in 2008 following a spike in coronavirus cases around the world.

The big picture: All three indices are in correction, down over 10% from recent record-highs, amid a global market rout. It's the S&P 500's quickest decline into correction territory in the index's history, per Deutsche Bank.

Coronavirus updates: California monitors 8,400 potential cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

33 people in California have tested positive for the coronavirus, and health officials are monitoring 8,400 people who have recently returned from "points of concern," Gov. Gavin Newsom said Thursday.

The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

Go deeperArrowUpdated 2 hours ago - Health

Watchdog opens probe into VA secretary over handling of sexual assault claim

VA Secretary Robert Wilkie on Fox Business Network’s "The Evening Edit" on Jan. 7. Photo: Steven Ferdman/Getty Images

The Department of Veterans Affairs Inspector General Michael Missal said Thursday he had opened an investigation into VA Secretary Robert Wilkie after lawmakers demanded an inquiry into his handling of a sexual misconduct report, the Washington Post reports.

Context: Wilkie allegedly "worked to discredit" the credibility of Democratic aide and veteran Andrea Goldstein after she reported last fall "that a man groped and propositioned her in the main lobby of the agency's D.C. Medical Center," a senior VA official told the Post.