Michael Cohen. Photo: Yana Paskova/Getty Images

Michael Cohen entered a plea deal with federal prosecutors on Tuesday after being charged with eight counts related to tax fraud, making false statements to a financial institution, excessive campaign contributions, and unlawful corporate contributions.

One key detail, per the New York Times: "The plea agreement does not call for Mr. Cohen to cooperate with federal prosecutors in Manhattan, but it does not preclude him from providing information to the special counsel, Robert S. Mueller III, who is examining the Trump campaign’s possible involvement in Russia’s interference in the 2016 campaign."

What they're saying

Michael Avenatti, the lawyer of Stormy Daniels, said in an appearance on MSNBC that Cohen's plea deal vindicates his client and said he will be using Cohen as a witness against Trump in their case. "The likelihood of me getting a deposition of the president of the United States just went through the roof."

Lanny Davis, Michael Cohen's attorney, said on Twitter that Trump should be implicated for paying off two women with the intent of influencing the election. "If those payments were a crime for Michael Cohen then why wouldn't they be a crime for Donald Trump?"

The spokesperson for House Speaker Paul Ryan (R-Wis.) told reporters that the charges Cohen is facing appear to be "serious" and that he would "need more information than is currently available" to give an opinion.

House Minority Leader Nancy Pelosi (D-Calif.) said in a statement that both Cohen's plea deal and the conviction of Paul Manafort shows "the rampant corruption and criminality" in the Trump administration as well as the campaign he ran.

Senate Intel Committee Chairman Richard Burr (R-N.C.) and Vice Chairman Mark Warner (D-Va.) issued a joint statement saying the committee has "no insight" into Cohen's plea agreement but still hoped for an appearance from Cohen before the committee.

Go deeper: Read the Cohen plea deal

Go deeper

Updated 4 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 33,489,205 — Total deaths: 1,004,278 — Total recoveries: 23,243,613Map.
  2. U.S.: Total confirmed cases as of 7 p.m ET: 7,183,367 — Total deaths: 205,883 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Health: Americans won't take Trump's word on the vaccine, Axios-Ipsos poll finds.
  4. States: NYC's coronavirus positivity rate spikes to highest since June.
  5. Sports: Tennessee Titans close facility amid NFL's first coronavirus outbreak.
  6. World: U.K. beats previous record for new coronavirus cases.
  7. Work: United States of burnout — Asian American unemployment spikes amid pandemic

What to watch in tonight's debate

Joe Biden (left) and President Trump (right) are facing off in Cleveland for the first presidential debate. Photos: Alex Wong (of Biden) and David Hume Kennerly (of Trump)/Getty Images

President Trump will try to break Joe Biden's composure by going after his son Hunter and other family members in tonight's first presidential debate — a campaign source tells Axios "nothing will be off the table" — while Biden plans to stick to the economy, coronavirus and new revelations about how Trump avoided paying taxes.

Driving the news: Biden and Trump are set to debate at 9pm ET at Case Western Reserve University in Cleveland, and it will be moderated by Fox News' Chris Wallace.

Massive layoffs hit Disney theme parks

A person posing for a photo in front of the iconic Disney castle at Disneyland Resort in Hong Kong on Sept, 25. Photo: Miguel Candela Poblacion/Anadolu Agency via Getty Images

Disney is laying off 28,000 workers at its theme parks and experiences and consumer products divisions, the company said in a statement Tuesday.

Why it matters: The coronavirus pandemic has forced the company to close its California theme parks and limit attendance at re-opened parks elsewhere around the U.S. Around 67% of the 28,000 laid off workers are part-time employees, according to Josh D’Amaro, chairman of Disney's parks, experiences and products division.

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