And Trump is incorrect in saying that the Cohen counts are similar to the campaign finance fine former President Barack Obama had in 2008. Cohen, Giuliani suggested, is as unreliable as an unreliable witness gets.
Sen. Dick Durbin, D-Illinois, said Cohen's claims are serious and troubling - but it's "premature" to discuss impeachment, because "more information has to come forward" and it's "too early in the process to be using these words".
According to his remarks on Maddow's show, Davis said that Cohen is willing to tell Mueller what he knows about the "possibility of a conspiracy to collude and corrupt the American democracy system in the 2016 election" and also what Trump knew about computer hacking. Trump tweeted Wednesday morning.
"Mr Cohen is not interested in being dirtied by a pardon from such a man", Mr Davis told NPR.
"Here they're trying to elevate this into an impeachable offense or a felony against the president", Dershowitz said, adding that Cohen's plea deal is "not almost as deadly lethal" to Trump as "some have portrayed it as being".
"If he [Cohen] tells the truth to the special counsel who talks to him, and I believe he will, he will have topics that in my opinion will be of interest to the special counsel in his Russian investigation and related topics", Davis said.
Any one of these stories would have been bad enough for the president to have had a "bad" day.
Trump soon weighed in on Twitter, taking his shot at Cohen and praising Manafort, saying he has "such respect for a courageous man!"
Trump's lawyers are insisting the president did nothing wrong.
"It's going to be hard for the president to try to discredit all this. He plead to a crime", said Larry Noble, the former general counsel of the Federal Election Commission who is now senior director at the Campaign Legal Center.
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While placing the President in direct legal jeopardy over the hush money payments, Cohen also served notice he is willing to cooperate with Mueller on the Russian Federation investigation.
Trump's attorneys said Cohen is lying in order to get better treatment from prosecutors over his own illegal conduct. But he changed his story as prosecutors closed in.
A lawyer for Cohen took aim at Trump, saying they would refuse a pardon if it were offered.
Manafort was found guilty of five counts of tax frauds, one count of failure to report a foreign bank and financial accounts, and two counts of bank fraud.
Speaking to the court, Cohen reportedly admitted to the charges against him.
"Where is the collusion?" he asked. The crowd chanted "drain the swamp" and "lock her up" - a favourite refrain about former Democratic presidential candidate Hillary Clinton. Republicans already face tough battles as they seek to keep majorities in the House and Senate in the November mid-term elections.
'On August 21, Michael Cohen made the decision to take legal responsibility and to continue his commitment to tell the truth.
Will Cohen cooperate? Notably, Cohen's plea agreement does not include cooperation.
"The likelihood of me getting a deposition of the President of the United States under oath just went through the roof - no question about it". They are citing a 2000 opinion of the Justice Department's Office of Legal Counsel, which provides legal advice and guidance to executive branch agencies. There would presumably be no bar against charging a president after he or she leaves the White House.
For many around Trump, Cohen has represented a greater threat than even the Russian Federation investigation, drawing from Cohen's decade of working as the then-celebrity real estate developer's fixer. "He considers a pardon from somebody who has acted so corruptly as president to be something he would never accept".