RNC Confirms Michael Cohen Remains Deputy Finance Director
President Trump’s personal attorney and long-time “fixer” Michael Cohen remains in his position as deputy finance chair of the Republican National Committee, even though he’s under criminal investigation related to the payment of $130,000 to the porn star, Stormy Daniels, RNC spokeswoman Kayleigh McEnany told Cheddar on Friday.
"There's ongoing litigation, and we'll take it step by step, but yes, he is still” in the position within the party, McEnany told Cheddar’s J.D. Durkin.
The Justice Department announced last month that Cohen had been under criminal investigation for months over his business dealings in New York City, and his office and home were raided by the FBI which seized records about Cohen’s clients and personal finances.
According to The Washington Post, among the records seized were those related to Cohen’s 2016 payment to Daniels, whose real name is Stephanie Clifford, which ensured that she would not discuss her claims to have had a sexual encounter with Trump years before he became president.
Among the avenues of investigation are wire fraud and campaign finance violations related to the payment to Daniels.
In the interview with Cheddar, McEnany was asked if she had concerns with a person being investigated for campaign finance violations also being responsible for overseeing campaign finance at the RNC.
“I have concerns about the violation of attorney-client privilege when the Southern District of New York invaded his office, swept up material, violating the president’s privacy, his client’s privacy, Michael Cohen’s privacy,” she said. “That’s where my concerns lie.”
Only a few days ago, Evgeny Friedman, a business partner of Cohen, who was known as the Taxi King of New York, pleaded guilty to charges of criminal tax fraud and grand larceny and agreed to cooperate with prosecutors in state and federal investigations.
The plea deal led to speculation that Friedman could provide the government leverage to pressure Cohen into working with Special Counsel Robert Mueller’s probe of Russian meddling in the 2016 election.
For the full interview, [click here](https://cheddar.com/videos/rnc-stands-by-michael-cohen-despite-ongoing-investigation).
Sam Stovall, Chief Investment Strategist at CFRA Research, joins Cheddar News' Closing Bell where he dives into the factors contributing to Monday's market plunge and what could be in store when February's CPI data comes out on Tuesday.
Derek Shearer, former U.S. Ambassador to Finland and contributing writer for Washington Monthly, joins Cheddar News to discuss the latest developments in the Russia-Ukraine conflict.
Americans continue to feel the pain at the pump as a result of Russia’s invasion of Ukraine. Patrick DeHaan, head of petroleum analysis at GasBuddy, joined Cheddar News to discuss how prices are being affected by the war and how much worse it could potentially get for drivers. "It's obviously a fluid situation. In one field today, I might feel differently in a half hour. But for now, I think we could see the national average realistically go somewhere into the mid $4 range, maybe $4.40 to $4.65 based on what we're seeing," he said.
Russia’s invasion of Ukraine has entered its 12th day following what Ukrainian authorities described as increased shelling of encircled cities and another failed attempt to evacuate civilians from the port city of Mariupol.
Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil.
Jay Hatfield, Chief Investment Officer at ICAP, believes a lot of the bad news regarding the fighting in Ukraine and Fed is already priced into the market and looming uncertainty factored into Friday's movement. However, he also believes the upcoming Fed decision will be good news for Wall Street.
News of Russian forces taking control of a Ukrainian after artillery bombardment of a nuclear power plant raised concerns this week. Nuclear policy expert and Quincy Institute Distinguished Fellow Joe Cirincione joined Cheddar News to discuss the implications for a potential disaster. “I’m with the director general of the IAEA, the International Atomic Energy Agency. He says that he is extremely concerned, and that this Russian attack is a severe risk and that Russia clearly violated the fundamental principle of preserving the integrity of nuclear power plants," Cirincione said.
Amid Russia's attack on Ukraine, major businesses from BP to Big Tech like Apple have been pausing their business dealings with the invading nation. Brian Walker, chief strategy officer at commerce software company Bloomreach, joined Cheddar News to discuss how some companies are showing support for Ukraine and what this could mean for consumers. "Whether it be impacts on energy or operational costs, shipping and logistics, or frankly impacts on the financial services industry, these will have long term implications on retail prices," he said.
