Updated Feb 27, 2019

Michael Cohen calls Trump a "racist, cheat" and "conman" in testimony

Photo: Mark Wilson/Getty Images

President Trump's former attorney Michael Cohen has outlined in documents he will provide during testimony to the House Oversight Committee Wednesday allegations he says offer "irrefutable" proof that Trump had committed "illicit acts" .

Transcript of the testimony provided to Axios' Alexi McCammond on Tuesday, the same day Cohen was disbarred, will allege that:

  • President Trump knew his longtime adviser Roger Stone was in talks with WikiLeaks about releasing damaging information on Hillary Clinton's 2016 campaign when they were presidential candidates.
  • Cohen had previously lied to Congress about a Trump Tower project in Moscow during the 2016 presidential campaign.
  • While president, Trump wrote Cohen a check from his personal bank account to reimburse him for payments he had earlier made to porn star Stormy Daniels (Trump has previously stated he didn't know Cohen had paid her $130,000 before the election.).

What they're saying: "He is a racist. He is a conman. He is a cheat," Cohen plans to say during his testimony. Trump later responded in a tweet just hours ahead of his Vietnam summit with North Korea's leader Kim Jong-un: "Michael Cohen was one of many lawyers who represented me (unfortunately). He had other clients also. He was just disbarred by the State Supreme Court for lying & fraud. He did bad things unrelated to Trump. He is lying in order to reduce his prison time. Using Crooked’s lawyer!"

Read Michael Cohen's full testimony to the House Oversight Committee here:

MORE SOON...

Go deeper

Trump acknowledges lists of disloyal government officials to oust

Photo: Mandel Ngan/AFP via Getty Images

President Trump on Monday acknowledged the existence of assembled lists of government officials that his administration plans to oust and replace with trusted pro-Trump people, which were first reported by Axios' Jonathan Swan.

What he's saying: “I don’t think it's a big problem. I don’t think it's very many people,” Trump said during a press conference in India, adding he wants “people who are good for the country, loyal to the country.”

Coronavirus only part of the story behind the Dow’s drop

Photo: Andrew Burton/Getty Images

As someone has certainly told you by now, the Dow fell by more than 1,000 points yesterday, its worst day in more than two years, erasing all of 2020's gains. Most news headlines assert that the stock market's momentum was finally broken by "coronavirus fears," but that's not the full story.

What's happening: The novel coronavirus has been infecting and killing scores of people for close to a month and, depending on the day, the market has sold off or risen to record highs.

Bernie's historic Jewish fight

Illustration: Sarah Grillo/Axios

Sen. Bernie Sanders would be the first Jewish presidential nominee of a major American political party — but that history-making possibility is being overshadowed by his conflicts with America's Jewish leaders and Israel's leadership.

The big picture: That's partly because we're all focusing on the implications of Democrats nominating a self-described democratic socialist. It's also because a candidate's religion no longer seems to matter as much to voters or the media, making the potential milestone of a Jewish nominee more of a non-event.