Michael Cohen. Photo: Timothy A. Clary/AFP via Getty Images

The FBI has obtained a recording of a conversation between Michael Cohen and Donald Trump from September 2016 in which the two discussed a potential payment to former Playboy model Karen McDougal who claimed she had an affair with Trump, reports the New York Times.

What they're saying: "Rudolph W. Giuliani, Mr. Trump’s personal lawyer, confirmed in a telephone conversation on Friday that Mr. Trump had discussed the payments with Mr. Cohen on the tape but said the payment was ultimately never made," per the Times' Matt Apuzzo, Maggie Haberman and Michael S. Schmidt. "He said the recording was less than two minutes and demonstrated that the president had done nothing wrong."

The details: The FBI reportedly obtained the recording during their April raid of Cohen's office and hotel room.

  • Flashback: Trump blasted the raid at a meeting with senior military leadership, calling it a "disgraceful situation" and an "attack on our country in a true sense ... an attack on what we all stand for."

Why it matters: This is a nightmare scenario for the White House. As Mike Allen reported after the raid, "Cohen, unlike Ivanka or the other kids, is the only person on earth intertwined in Trump’s professional, political, personal, legal and family life — the man with secrets few others hold."

Go deeper: Michael Cohen, the problem Trump can’t make vanish

Go deeper

Louisville officer: "Breonna Taylor would be alive" if we had served no-knock warrant

Breonna Taylor memorial in Louisville. Photo: Brandon Bell/Getty Images

Sgt. Jonathan Mattingly, the Louisville officer who led the botched police raid that caused the death of Breonna Taylor, said the No. 1 thing he wishes he had done differently is either served a "no-knock" warrant or given five to 10 seconds before entering the apartment: "Breonna Taylor would be alive, 100 percent."

Driving the news: Mattingly, who spoke to ABC News and Louisville's Courier Journal for his public interview, was shot in the leg in the initial moments of the March 13 raid. Mattingly did not face any charges after Kentucky Attorney General Daniel Cameron said he and another officer were "justified" in returning fire to protect themselves against Taylor's boyfriend.

U.S. vs. Google — the siege begins

Illustration: Sarah Grillo/Axios

The Justice Department fired the starter pistol on what's likely to be a years-long legal siege of Big Tech by the U.S. government when it filed a major antitrust suit Tuesday against Google.

The big picture: Once a generation, it seems, federal regulators decide to take on a dominant tech company. Two decades ago, Microsoft was the target; two decades before that, IBM.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Why the stimulus delay isn't a crisis (yet)

Illustration: Aïda Amer/Axios

If the impasse between House Speaker Nancy Pelosi and the White House on a new stimulus deal is supposed to be a crisis, you wouldn't know it from the stock market, where prices continue to rise.

  • That's been in no small part because U.S. economic data has held up remarkably well in recent months thanks to the $2 trillion CARES Act and Americans' unusual ability to save during the crisis.

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