Gary Cohn (investment banker)

The president of debt

Illustration: Lazaro Gamio/Axios

Donald Trump wants to rebuild America’s infrastructure the same way he built his buildings: debt, debt and more debt. His then-economic adviser, Gary Cohn, learned this the hard way in a fraught meeting last year, the details of which haven’t been previously reported.

What happened: As Cohn and his team were putting together their $1.5 trillion infrastructure package, Cohn tried to use a real estate analogy to sell Trump on his plan to pair public and private investment. It backfired.

Scoop: Gary Cohn takes on Bob Woodward

Gary Cohn, Bob Woodward, and Donald Trump. Photos via Getty Images: Saul Loeb/AFP; William B. Plowman/NBC/NBC NewsWire; Alex Edelman

Gary Cohn, former White House economic adviser to President Trump, is taking on Bob Woodward's "Fear" with a statement calling it inaccurate — but is declining to say what specifically Woodward has gotten wrong.

What he's saying: "This book does not accurately portray my experience at the White House," Cohn told Axios in a statement. "I am proud of my service in the Trump Administration, and I continue to support the President and his economic agenda."