Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Yana Paskova via Getty Images

President Trump's former attorney Michael Cohen has pleaded guilty to lying to the Senate Intelligence Committee in 2017 about the length and scope of his work on plans to build a Trump Tower in Moscow.

The big picture: This is the first time that Cohen, who pleaded guilty in the Southern District of New York in August to campaign finance violations, has been charged in the Mueller investigation. In court, Cohen reportedly said he lied out of loyalty to Trump and to be consistent with the president's political messaging, per NBC News' Tom Winter. He has reportedly spent more than 70 hours in interviews with the special counsel, per ABC News.

According to court documents, Mueller charges that Cohen "knowingly and deliberately made the following false representations" in his testimony to the Senate Intelligence Committee:

False statement #1: The Moscow Project ended in January 2016 and was not discussed extensively with others in the Trump Organization.

  • Mueller claims Cohen discussed getting Russian government approval for the project as late as June 2016 and brought up "the status and progress" of the project to Trump and members of Trump's family on more than three occasions.

False statement #2: Cohen never agreed to travel to Russia in connection with the Moscow Project and "never considered" asking President Trump to travel for the project.

  • Mueller claims Cohen discussed traveling to Russia for the project and asked both Trump and a senior campaign associate about potentially sending Trump to Russia.

False statement #3: Cohen did not recall any Russian government response or contact about the Moscow Project.

  • Mueller claims Cohen contacted a Russian official asking for assistance with the project and that he received an email and a follow-up phone call from the official's personal assistant.

Go deeper: Read Michael Cohen's guilty plea

Go deeper

Fed chair says low interest rates aren't driving stock market prices

Jerome Powell. Photo: ANDREW CABALLERO-REYNOLDS / Getty Images

Federal Reserve chairman Jerome Powell told reporters on Wednesday that rock-bottom interest rates aren't playing a role in driving stock prices higher, while noting that vulnerabilities to the financial system are "moderate."

Why it matters: The statement comes amid unshakeable stock prices and a Reddit-fueled market frenzy — prompting widespread fears of a bubble and the role monetary policy has played in that.

2 hours ago - World

Biden freezes U.S. arms deals with Saudi Arabia and UAE

Trump struck several large arms deals with Mohammed bin Salman (L) and Saudi Arabia. Photo: Kevin Dietsch-Pool/Getty Images

The Biden administration has put on hold two big arms deals with Saudi Arabia and the United Arab Emirates which were approved in the final weeks of the Trump administration, a State Department official tells Axios.

Why it matters: The sales of F-35 jets and attack drones to the UAE and a large supply of munitions to Saudi Arabia will be paused pending a review. That signals a major policy shift from the Trump era, and may herald sharp tensions with both Gulf countries.

Dan Primack, author of Pro Rata
3 hours ago - Podcasts

Robert Downey Jr. launches VC funds to help save the planet

Robert Downey Jr. on Wednesday announced the launch of two venture capital funds focused on startups in the sustainability sector, the latest evolution of a project he launched two years ago called Footprint Coalition.

Between the lines: This is a bit of life imitating art, as Downey Jr. spent 11 films portraying a character who sought to save the planet (or, in some cases, the universe).