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President Donald Trump's former attorney and "fixer" Michael Cohen said he is "done being loyal" to his former boss and admitted that he knew what he was "doing was wrong" when he arranged payments during the 2016 election to silence women who claimed to have had affairs with Trump."I'm done with the lying," Cohen said in an interview with ABC News' George Stephanopoulos that aired Friday. "I'm done being loyal to President Trump. My first loyalty belongs to my wife, my daughter, my son and this country."Reiterating what he said in his guilty plea in August, Cohen told ABC News that Trump directed him to make the payments because Trump "was very concerned about how this would affect the election."Asked whether Trump knew it was wrong, Cohen replied, "Of course.""I knew what I was doing was wrong," Cohen said. "I stood up before the world (Wednesday) and I accepted the responsibility for my actions."Asked why he should be believed, Cohen replied, "Because the special counsel stated emphatically that the information that I gave to them is credible and helpful. There's a substantial amount of information that they possess that corroborates the fact that I am telling the truth."President Trump said in an interview with Fox News Thursday that he "never directed (Cohen) to do anything wrong.""I don't think there's anybody that believes that," Cohen told ABC News of Trump's denials. "First of all, nothing at the Trump organization was ever done unless it was run through Mr. Trump."The president's former fixer -- who once said he'd "take a bullet" for Trump -- told ABC he "gave loyalty to someone who truthfully does not deserve loyalty" and that he "should not be the only one taking responsibility for his actions.""So, (Trump's) still lying?" Stephanopoulos asked."Yes," Cohen responded.Cohen was sentenced to three years in prison Wednesday after pleading guilty to campaign finance violations, tax evasion, making a false statement to a bank, and making false statements to Congress.He had pleaded guilty in August in a Manhattan US attorney's case to two campaign-finance violations tied to payments he made or orchestrated to adult-film star Stormy Daniels and former Playboy model Karen McDougal to stay silent about alleged sexual encounters with Trump.Prosecutors have said that in executing the payments, Cohen "acted in coordination with and at the direction of" Trump, who has denied having the affairs with the two women.Cohen said Trump is a very different person than the man he used to work for."I think the pressure of the job is much more than what he thought it was going to be," Cohen said. "It's not like the Trump Organization where he would bark out orders, and people would blindly follow what he wanted done. There's a system here -- he doesn't understand the system." 2821
President Donald Trump will meet Secretary of State Mike Pompeo on Thursday as the White House struggles to contain a spiraling crisis over a journalist's apparent death at a Saudi consulate.Trump stressed Wednesday that he does not want to abandon Riyadh as it comes under increasing pressure to explain the disappearance of Washington Post columnist Jamal Khashoggi, who has not been seen since entering the consulate in Istanbul, Turkey, on October 2.Trump denied that he was "giving cover" to Saudi Arabia, insisting that he wants to get to the bottom of what happened."I want to find out what happened, where is the fault, and we will probably know that by the end of the week. But Mike Pompeo is coming back, we're gonna have a long talk," he said. 767

President Donald Trump says he has asked the SEC to study whether to stop requiring companies to report quarterly earnings.In speaking to business leaders, one told him a twice-a-year reporting system would allow companies the flexibility and cost savings companies need to "Make business (jobs) even better in the U.S." Trump tweeted Friday morning. Trump said he directed the SEC to look into a change in its requirements.Public companies must report their sales, profits and the state of the company's balance sheet every quarter. That has been required since the Securities Exchange Act of 1934, which was put in place to give more confidence and transparency to investors in the wake of the 1929 stock market crash. That act also created the SEC, which sets the regulations which govern those quarterly reports.Businesses have long complained that the reports require company executives to focus too much on the short term. Juicing numbers impresses investors, but it can force companies to miss out on long term trends. One of the reasons Tesla CEO Elon Musk wants to take his company private, he told his employees last week, was the way quarterly reports distort decisions at the company.President Barack Obama has also criticized quarterly reports.Speaking to the New York Review of Books in 2015, Obama said that he had talked to a large number of businesses executives who told him, "Because they've got quarterly reports to shareholders and if they've made a long-term investment that may pay off way down the line, or if they're paying their employees more now because they think it's going to help them retain high-quality employees, a lot of times they feel like they're going to get punished in the stock market. And so they don't do it, because the definition of being a successful business is narrowed to what your quarterly earnings reports are."Shareholders, however, use the quarterly earnings reports as a guide to the quality and health of their investments. Without quarterly financial reports, investors could be blind to important risk factors that could damage their portfolios.The president has run privately-held companies that didn't have to report results at all during most of his time in business,The European Commission, among others, only requires semi-annual financial reports of companies there, although major European companies whose stock is traded in both the United States and Europe will report on a quarterly basis in order to comply with SEC regulations.The-CNN-Wire 2519
President Donald Trump's son-in-law and senior adviser, Jared Kushner, had his White House security clearance restored Wednesday, a person familiar with the matter said, after months of uncertainty stemming in part from his role in the ongoing investigation by special counsel Robert Mueller.Kushner was stripped of his interim clearance in February amid an overhaul of procedures governing access to the nation's most sensitive secrets following the resignation of Rob Porter, the President's staff secretary, who had been allowed to remain in his post for months despite allegations of spouse abuse.The Mueller probe has also hung over Kushner's status in the White House, in part because some of the matters under investigation relate to his role during the campaign and the transition, including contacts with Russians, as well as events that occurred in the early months of the Trump presidency, such as the firing of former FBI Director James Comey.In April, Kushner met with Mueller's investigators for a second time and answered questions for seven hours, according to his attorney, Abbe Lowell. He had previously sat for an interview last November that was largely focused on former national security adviser Michael Flynn, who soon after pleaded guilty to charges of making false statements to the FBI.White House officials have blamed the delay in Kushner receiving his security clearance on administrative backlogs normal to a new administration, as well as the complicated nature of his application. But Kushner's troubles were compounded at least in part because his initial security clearance application didn't list dozens of foreign contacts that he later included in updated submissions to the FBI.Kushner's initial SF-86 form did not mention any foreign contacts, though he quickly supplemented it to indicate that he would provide that information. He updated the form in the spring, listing about 100 contacts, but did not mention the June 2016 Trump Tower meeting he attended with Russian lawyer Natalia Veselnitskaya, Donald Trump Jr., and former Trump campaign chairman Paul Manafort. Kushner updated the SF-86 forms once more in June to include that meeting. 2191
Rep. Blake Farenthold announced he's resigning from the House of Representatives effective Friday, a few months after news broke he used taxpayer money to pay a settlement to a former aide who accused the Texas Republican of sexual harassment and other improper conduct.After his announcement, the National Republican Congressional Committee, which works to elect GOP candidates to the House, requested he pay back the money that was used for the settlement."I hope Blake is true to his word and pays back the ,000 of taxpayer money he used as a settlement. As I have said repeatedly, Congress must hold ourselves to a higher standard and regain the trust of the American people," NRCC Chairman Steve Stivers said in a statement. "I'm confident we'll have a Republican in this seat come November."Within minutes of his announcement, Farenthold appeared to have deleted his official Twitter account."While I planned on serving out the remainder of my term in Congress, I know in my heart it's time for me to move along and look for new ways to serve," he said in his statement Friday afternoon. "Leaving my service in the House, I'm able to look back at the entirety of my career in public office and say that it was well worthwhile."The House Ethics Committee announced late last year it would investigate Farenthold for allegations of sexual harassment from his former aide, Lauren Greene, who received the ,000 settlement after she sued Farenthold in December 2014 for gender discrimination, sexual harassment and a hostile work environment.Farenthold denied some of the allegations against him but apologized using for inappropriate language and his role in creating a hostile workplace. Farenthold had vowed to repay the taxpayer money used for the settlement in December, but as of last month he had not yet paid back that money.He announced in December that he would not be seeking re-election.The-CNN-Wire 1926
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