Trump reports apparent payment through his personal attorney to adult film star

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The disclosures, released today by the USA government ethics body, do not specify the reason for the payments to Michael Cohen, who paid United States dollars 130,000 to adult film actress Stormy Daniels in the run-up to the 2016 election.

The top lawyer at Swiss drugmaker Novartis resigned over a $1.2 million contract he co-signed with President Donald Trump's personal lawyer, saying the payments were an "error".

Earlier this month, Trump's attorney Rudy Giuliani said in media interviews that Trump had reimbursed Cohen for the payment via a retainer and that Trump did not know the goal of the payment until recently. "The category of the value would be $100,001 - $250,000 and the interest rate would be zero", a footnote in the president's financial disclosure form reads. Check back for updates.

His Doral golf course and resort in Miami took in $75 million, his Mar-a-Lago resort in Palm Beach, Florida, received $25 million and his golf club in Bedminster, New Jersey, generated $15 million.

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Norm Eisen, a senior fellow at the Brookings Institute and a CNN commentator, explained how Trump admitted the truth of a complaint his organization filed.

U.S. special counsel Robert Mueller is investigating the payments as a strand of his wider investigation into Russian interference in the 2016 presidential election and allegations of collusion and obstruction of justice by the Trump campaign. A year ago it took the agency about two days to make Trump's disclosure form public after it was submitted.

The company said general counsel Felix Ehrat is retiring "in the context of discussions surrounding Novartis' former agreement with Essential Consultants, owned by Michael Cohen".

On Sunday, lawyer Michael Avenatti got the ball rolling on a unusual and convoluted story involving Qatari diplomats, President Trump, Michael Cohen, former National Security Adviser Michael Flynn, Ice Cube, Stephen Bannon, and the Trump-Russia collusion dossier compiled by ex-spy Christopher Steele. Trump's layers, meanwhile, insist that it didn't even need to be reported now, and that the president was only doing so because of his commitment to "transparency". His Washington, D.C., hotel near the Oval Office, which has become a magnet for diplomats and lobbyists, took in $40 million. He was the first presidential candidate in decades to refuse to release his personal tax returns, and hasn't released them as President.