Former Trump Campaign Chair Manafort Will Cooperate with Mueller
*By Carlo Versano*
President Trump's former campaign chair Paul Manafort is, as of Friday, the latest of the president's ex-associates to plead guilty to felony charges.
Manafort was convicted in federal court in August of eight financial fraud charges, though "this is the first time time Paul Manafort has ever admitted to committing a crime," Ben Dreyfuss, editorial director of Mother Jones, said.
Friday's plea deal was related to a separate set of charges for which the former political consultant was awaiting trial.
As part of the plea, Manafort will cooperate with Special Counsel Robert Mueller's investigation into Russian interference in the 2016 presidential election.
That is "massive news," Dreyfuss said.
Trump praised Manafort as a "brave man" when he was found guilty of bank and tax fraud last month ー roughly the same hour when Trump's former consigliere Michael Cohen was offering to cooperate, much to the chagrin of the president.
Manafort's lawyer said Friday his client had offered "full cooperation," though as Dreyfuss noted, no details have been made public yetー and what specifically Manafort could offer prosecutors remains unknown.
"No one knows what he could say except for Trump himself," Dreyfuss said.
Sabrina Siddiqui, National Politics Reporter at The Wall Street Journal, joins to break down the SNAP funding delays and the human cost of the ongoing shutdown.
Arguments at the Supreme Court have concluded for the day as the justices consider President Donald Trump's sweeping unilateral tariffs in a trillion-dollar test of executive power.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
