Photo: Timothy A. Clary/AFP via Getty Images

President Trump's former attorney Michael Cohen pleaded guilty Tuesday to eight counts related to tax fraud, making false statements to a financial institution, excessive campaign contributions, and unlawful corporate contributions in a U.S. District Court in Manhattan.

During his guilty plea, Cohen said he was directed to violate campaign law at the direction of an unnamed candidate. He added that the same candidate directed him to pay $130,000 in hush money, which the candidate later reimbursed. Cohen told the court that he knew what he was doing was illegal.

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."

Timing: News of Cohen's plea deal comes as former Trump campaign chairman Paul Manafort was found guilty on eight criminal counts including bank fraud, tax fraud and hiding a foreign bank account.

Go deeper: What Michael Cohen knows

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NYT: Trump paid $750 in federal income taxes in 2016 and 2017

Photo: Chip Somodevilla/Getty Images

The New York Times has obtained more than two decades' worth of tax-return data from Trump and the companies that make up his business, writing in an explosive report that the documents "tell a story fundamentally different from the one [the president] has sold to the American public."

Why it matters: The Times' bombshell report, published less than seven weeks before the presidential election, lays bare much of the financial information Trump has long sought to keep secret — including allegations that he paid $750 in federal income taxes in 2016 and 2017, and has over $300 million in personal debt obligations coming due in the next four years.

Updated 43 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 6:00 p.m. ET: 32,945,376 — Total deaths: 995,608 — Total recoveries: 22,786,066Map.
  2. U.S.: Total confirmed cases as of 6:00 p.m. ET: 7,105,604 — Total deaths: 204,724 — Total recoveries: 2,750,459 — Total tests: 100,492,536Map.
  3. States: 3 states set single-day coronavirus case records last week — New York daily cases top 1,000 for first time since June.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

How Trump, Biden plan to score at Tuesday's debate

Illustration: Sarah Grillo/Axios

President Trump has been practicing with flashcards and prepping with former New Jersey Gov. Chris Christie before Tuesday's presidential debate.

Behind the scenes: Top aides tell Axios he's been testing his attacks on the campaign trail for weeks, seeing what ignites his crowds or falls flat. One of the biggest themes Trump plans to drive home is his "tough guy" persona, which advisers see as an advantage with voters in key states.