Trump derides 'fake' hearing, but says Cohen truthful on 'no collusion'

Michael Cohen didn’t just reveal Trump’s alleged past crimes — he gave dire warnings about the president’s future plans

Michael Cohen Live Stream: Watch Ex-Trump Lawyer's House Testimony

Even though Trump knew he was negotiating the Russian business deal during the campaign, Cohen said the then-Republican candidate would look him in the eye and tell him "there's no business in Russia".

Possible collusion is being investigated by a justice department inquiry that is in its closing stages and has dogged the president during his two years in office.

Trump insisted Mr Cohen's testimony on Wednesday had provided no evidence the Trump campaign had colluded with Russian Federation in the 2016 United States election and that this is what mattered most in the keenly awaited session before a House committee. He showed the committee financial statements from 2011 to 2013 that he said Trump gave to Deutsche Bank to obtain a loan to try to buy the NFL's Buffalo Bills.

The president called it a 'fake hearing, ' saying: 'Having a fake hearing like that and having it in the middle of this very important summit is really a bad thing. Repeatedly, they used their questioning of Cohen to set up new lines of inquiry, asking him for the names of other people in Trump's orbit that they should interview. When Democrat Elijah Cummings did not, they simply called Cohen a liar and worked to derail the proceedings by entering tweets into the record, including a tweet by Fox personality Bo Deitl, starting a ruckus over whether or not Trump is a racist, and, astonishingly, displaying a poster with Cohen's face that read: Liar, Liar, Pants on Fire.Only Republican member Justin Amash, a representative from MI, treated the event with gravity.

Jay Sekulow, counsel to President Trump, said in a statement after the hearing: "Today's testimony by Michael Cohen that attorneys for the president edited or changed his statement to Congress to alter the duration of the Trump Tower Moscow negotiations is completely false".

He warned the members and others who "blindly" support Trump that they could end up suffering "the same consequences that I'm suffering". They could have made it two days later or next week'.

"Today, I'm here to tell the truth about Mr. Trump", Cohen testified. Mr. Trump did not directly tell me to lie to Congress.

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Cohen said Trump personally directed him to arrange a $130,000 hush money payment to porn actress Stormy Daniels in the waning weeks of the 2016 campaign. Mr. Trump directed me to find a straw bidder to purchase a portrait of him that was being auctioned at an Art Hamptons Event.

Other Republicans went off on Cohen, including Rep. Mark Meadows, R-N.C., a top Trump ally who pointed his glasses at Cohen and at times shouted.

"Certainly it's the first time a convicted perjurer has been brought back to be a star witness in a hearing", Republican Representative Jim Jordan told Cohen, deriding him as a "cheat" and a "fraudster" who is about to go to prison. He described a February 2017 conversation with Trump in the Oval Office in which the president reassured him that reimbursement checks sent through Federal Express were coming but would take some time to get through the White House system.

Cohen worked for Trump for 10 years. While we were once driving through a struggling neighborhood in Chicago, he commented that only black people could live that way.

"It was my experience that Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed among the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes", Cohen said. "None", Cummings said after the hearing.

Elijah Cummings, the committee's Democratic chairman, said Wednesday's hearing was essential to bringing accountability to the Trump administration.

Cohen's allegation would contradict the president's assertions that he was in the dark on this issue. A year later Nixon became the only American president to resign.

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