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Photo: Drew Angerer/Getty Images

A November surprise: Michael Cohen pleads guilty for lying to Congress about the plans to build a Trump Tower in Moscow, shining a freshly uncomfortable spotlight on President Trump.

Why it matters: "The new guilty plea firmly — and dramatically — shifts the narrative and timeline of the Russia investigation," journalist Garrett Graff writes for WIRED. "While pursuing the White House, Donald Trump was also pursuing personal business deals with a foreign adversary that, according to Mueller’s earlier indictments, engaged in a multifaceted, complex, expensive, and long-running criminal conspiracy to help deliver Trump to the presidency."

Between the lines: The former Trump lawyer reportedly said in court that his three lies were out of loyalty to the president, per NBC News' Tom Winter.The lies, listed:

  • Lie #1: The Moscow Project ended in January 2016 and was not discussed extensively with others in the Trump Organization.
  • Lie #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.
  • Lie #3: Cohen did not recall any Russian government response or contact about the Moscow Project.

What they're saying: Trump told reporters today that Cohen is "a weak person" for pleading guilty, adding he thinks Cohen is "lying to get a reduced sentence."

  • In his written responses to Mueller, Trump acknowledged that he discussed plans to build a Trump Tower in Moscow with Cohen before the deal fell through, his lawyer Rudy Giuliani told the New York Times.

The bottom line: "The potential innocent explanations for Trump's behavior over the last two years are being steadily stripped away," Graff tweeted.

  • "Mueller has identified two separate criminal conspiracies that aided Trump in 2016: Russian cyber ops & Cohen's campaign finance violations. Today, we learned that the central figure in one (Cohen) was trying to contact and get help from the central figure in the other (Putin)."

Go deeper:

Go deeper

Updated 6 hours ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

6 hours ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.