WASHINGTON (AP) — The Latest on President Donald Trump's financial disclosure report (all times local):
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President Donald Trump's disclosure that he "reimbursed" personal attorney Michael Cohen for as much as $250,000 last year comes in a footnote to his financial disclosure report.
No mention was made of a $130,000 paid to porn star Stormy Daniels to keep her quiet about an alleged affair. A footnote in tiny type on page 45 of the 92 page document says the president "fully reimbursed" Cohen for "expenses" ranging from $100,001 to $250,000. The report says Trump did not have to disclose the payment but is doing so "in the interest of transparency."
The footnote appears in a report giving the first extended look at Trump's income from his properties since he became president. Among his holdings, he took in $25 million from his Mar-a-Lago resort in Florida.
President Donald Trump has filed a financial disclosure report that reveals a payment to his personal attorney, Michael Cohen. The value of the payment ranged from $100,001 to $250,000.
Trump attorney Rudy Giuliani revealed earlier this month that Trump repaid Cohen for a $130,000 hush money payment to porn star Stormy Daniels. Daniels says she had an affair with the president. Trump denies it.
The mandatory filing says that "in 2016 expenses were incurred by one of Donald J. Trump's attorneys, Michael Cohen. It says Trump "fully reimbursed Mr. Cohen in 2017."
The Office of Government Ethics has also concluded that the payment to Cohen "meets the disclosure requirement for a reportable liability." The disclosure was not included in Trump's 2017 filing.
President Donald Trump has submitted his annual financial disclosure to the U.S. Office of Government Ethics, and it is expected to be released publicly in the coming days.
Trump's disclosure, which includes all of 2017 and part of 2018, is being closely watched to see whether it will disclose the $130,000 paid to porn star Stormy Daniels on his behalf by his attorney Michael Cohen. Trump attorney Rudy Giuliani said during a Fox News interview that the president had repaid Cohen.
Ethics experts say that if that money isn't disclosed, Trump could be in violation of ethics laws for failing to disclose a reportable item, a violation for which others have been prosecuted.
The White House confirmed that Trump and Vice President Mike Pence filed their financial disclosures Tuesday, along with the reports of some 25,000 senior executive branch officials, but declined to comment further. The Office of Government Ethics said the president's report is under review.
Trump's disclosure will also be the first extended look at how his businesses have performed since he became president in January 2017. When Trump took office, he refused to fully divest from his global business, instead putting his assets in a trust controlled by his two sons and a senior executive. Still, Trump can take back control of the trust at any time and he's allowed to withdraw cash from it as he pleases.
Trump's previous report, covering January 2016 through the first few months of 2017, showed he had at least $1.4 billion in assets and at least $594 million in income.
Associated Press writer Zeke Miller contributed to this report.