President Trump knew about Michael Cohen's payment to Stormy Daniels "several months before he denied any knowledge of it to reporters aboard Air Force One in April," the NYTimes reports, citing two sources "familiar with the arrangement."

Why it matters: "Giuliani told The Times on Friday that the issue was 'primarily' about keeping Mr. Trump’s wife, Melania, from being embarrassed by the claim, which Mr. Trump has maintained was false."