Trump says market would 'crash' if he were impeached

Michael Cohen President Donald Trump's former personal attorney and fixer exits federal court

Michael Cohen President Donald Trump's former personal attorney and fixer exits federal court

"You'd only impeach him for political reasons, and the American people would revolt against that", Giuliani said Thursday.

Trump says he shouldn't be impeached because he's doing a "great job".

"I don't know how you can impeach somebody who's done a great job", Trump said in a wide-ranging interview with Fox News broadcast on Thursday.

"If I ever got impeached, I think the market would crash", he said.

What did he say about hush money?

In an interview with Fox News aired on Thursday, Trump said he paid Cohen out of personal funds and the payments were meant to resolve a personal matter, not to benefit his campaign.

Under oath, Cohen said he had paid the money "at the direction" of Mr Trump, "for the principal goal of influencing the election".

The 2008 Obama campaign paid a $375,000 fine in 2013 to settle violations of a rule that contributions made 20 days before an election had to be reported within 48 hours.

A payment meant to silence allegations of an affair just before an election could constitute a campaign contribution, which is limited to $2,700 per person per election and must be reported, some experts said. That's according to Cohen's lawyer, Lanny Davis.

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He added: "And by the way, he pled to two counts that aren't a crime, which nobody understands". "Thirty, 40 years I have been watching flippers".

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"A large number of counts, ten, could not even be decided in the Paul Manafort case. They weren't campaign finance".

But in a sensational twist, Cohen also pointed to the president - or "individual 1" - as a co-conspirator, alleging that he acted "in coordination and at the direction of a candidate for federal office" in making those payments.

Chief Executive Officer David Pecker met with prosecutors to describe Trump and Cohen's involvement in hush-money deals with adult-film star Stormy Daniels and former Playboy model Karen McDougal ahead of the 2016 US presidential election, the Wall Street Journal reported, citing sources.

How has Trump contradicted himself?

Mr Trump has repeatedly denied having any knowledge of the payments at the time, while accepting they were made using his funds - to which Mr Cohen had access. He later acknowledged reimbursing Cohen for the payment to Daniels, whose real name is Stephanie Clifford.

Trump was dealt severe back-to-back blows on Tuesday when Cohen pled guilty to illegal campaign finance violations and former Trump campaign chairman Paul Manafort was convicted of tax and bank fraud within minutes of each other.

For the moment he is protected by the dominance of the Republicans in Congress, but the party looks nervous and unsettled after a week that has truly rocked Washington.

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