Activists outside the courthouse prior to Paul Manafort's trial. Photo: Alex Wong/Getty Images

Former Trump campaign chairman Paul Manafort has pleaded guilty to charges brought forth by special counsel Robert Mueller, and has entered into a "cooperation agreement" with the Justice Department. He'll also plead guilty to the 10 charges that were declared a mistrial last month, per ABC News.

The bottom line: It's not clear what kind of information Manafort has to provide Mueller — or who he might implicate. But five other charges were dropped by prosecutors, the NYT reports, "encompassing money laundering and violations of a lobbying disclosure law."

The backdrop: Manafort was found guilty on eight criminal counts in August, including bank fraud, tax fraud and hiding a foreign bank account. And per the Times, he's been "reassessing his legal risks" ever since.

The details: The documents filed by the special counsel on Friday allege that Manafort engaged in conspiracy against the U.S., including money laundering, tax fraud, failing to file Foreign Bank Account Reports, violating the Foreign Agents Registration Act, and lying and misrepresenting to the Department of Justice.

  • It also claims he conspired to obstruct justice through witness tampering.

President Trump has voiced support for Manafort in the past, praising him for not caving into pressure to make a deal.

Statement from White House: "This had absolutely nothing to do with the President or his victorious 2016 Presidential campaign," said Press Secretary Sarah Sanders. "It is totally unrelated."

Go deeper

Felix Salmon, author of Capital
14 mins ago - Economy & Business

How equity became more attractive than debt

Illustration: Annelise Capossela/Axios

The prime example of something highly improbable that became conventional wisdom: The idea that both interest rates and inflation will remain near zero for well over a decade.

Why it matters: As Axios' Dan Primack writes, private equity firms (the polite rebranding of "leveraged buyouts") have historically bought companies and loaded them up with debt.

Felix Salmon, author of Capital
18 mins ago - World

When society faces the unprecedented

Illustration: Aïda Amer/Axios

Our febrile world is not normal.

The big picture: The precautions that we're taking against the spread of COVD-19; the way in which the president of the U.S. delights in violating political norms; the fires, hurricanes and other signs that catastrophic global warming has arrived; the virulent spread of the QAnon conspiracy theory — all of these things, and many more, represent a stunning break with the world as we knew it.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 34,026,003 — Total deaths: 1,015,107 — Total recoveries: 23,680,268Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 7,237,043 — Total deaths: 207,008 — Total recoveries: 2,840,688 — Total tests: 103,939,667Map.
  3. Health: New poll shows alarming coronavirus vaccine skepticism — New research centers will study "long-haul" COVID — Coronavirus infections rise in 25 states.
  4. Business: Remdesivir is good business for Gilead.
  5. Transportation: The politics of pandemic driving.
  6. 🎧Podcast: The looming second wave of airline layoffs.