*By Carlo Versano* A reckoning for two of President Trump's former associates occurred almost simultaneously on Tuesday in two separate federal courthouses in Virginia and New York ー what may become one of the most consequential moments for the Trump administration. Paul Manafort, the president's former campaign manager, was found guilty on eight counts of bank and tax fraud in his federal corruption trial in Washington D.C. The jury was hung on 10 additional counts. The charges do not relate to Manafort's duties as a member of the Trump campaign, though they represent the first conviction by trial in the special counsel Robert Mueller's investigation. The verdict arrived just as Michael Cohen, Trump's former lawyer, appeared in New York district court to accept a plea arrangement in the case against him. Cohen, who has been under investigation for tax and bank fraud, has reportedly admitted that he made hush-money payments to Stormy Daniels, among other unrelated charges of fraud. It remains unclear whether Cohen is cooperating with investigators or just accepting an agreement in exchange for a lighter sentence. Federal investigators raided Cohen's office in April in search of documents and materials related to payments he made to women who alleged they had relationships with the president. Cohen, a longtime Trump loyalist, only recently began to indicate that his commitment had limits, saying in an [interview] (https://abcnews.go.com/GMA/News/video/exclusive-president-trumps-personal-attorney-michael-cohen-speaks-56309885) last month that he put his family and country before the president. Manafort, meanwhile, took his federal case to trial, presented no defense, and after Tuesday's verdict is widely expected to face significant jail time. It is unclear if prosecutors will retry him on the 10 counts. Manafort is awaiting trial in Washington for conspiracy to defraud the U.S. For more on this story, [click here](https://cheddar.com/videos/michael-cohen-enters-plea-deal).

Share:
More In Politics
Newsom Projected to Stay in Office, Beating GOP-Led Recall Attempt
California Governor Gavin Newsom is projected to keep his job. Around two-thirds of the votes have been reported, and roughly 64% of those votes are in favor of keeping Newsom as their governor. Daniel Strauss, senior political correspondent at The New Republic, joined Cheddar's Opening Bell to discuss more about what Newsom's win means to both political parties moving into Midterm elections season.
Justice Department Sues Texas Over New Abortion Law
The Department of Justice is suing Texas over the state's new abortion law that prohibits abortions after six weeks, well before many women even know they're pregnant. The lawsuit argues the law is unconstitutional under long-standing Supreme Court precedent. It was filed last week in federal court in Texas, but could go all the way to the high court within weeks. Josh Blackman, a constitutional law professor at South Texas College of Law Houston, discusses the DOJ lawsuit and what it could mean for other abortion laws across the country.
President Biden to Announce More Covid-19 Plans Ahead of UN General Assembly
26 states have now fully vaccinated more than half of their population with Vermont, Connecticut, and Massachusetts fully vaccinating at least two-thirds of their residents. These three states are among the ones with the lowest new Covid-19 cases per capita, but in states with low vaccination rates, hospitals are filling up again. Dr. Rob Davidson, ER doctor and executive director of Committee to Protect Health Care, joined Cheddar's Opening Bell to discuss more.
U.S to Extend Ban on Travel to North Korea
The Biden Administration has officially extended a ban on a Trump-era policy that prohibits traveling with a U.S. passport to North Korea. The extension is expected to last until August 2022. The ban was initially enforced after the death of Otto Warmbier, who entered a vegetative state while in North Korean custody. Advocates against the ban argue that it has caused crippling impacts on Korean Americans who have not been able to reunite with their families back home. Senior Fellow at The Foundation For Defense of Democracies Anthony Ruggiero joined Cheddar's News Wrap to discuss more.
Load More