In total, Cohen pleaded guilty to five counts of tax evasion, one count of making false statements to a financial institution, one count of willfully causing an unlawful corporate contribution, and one count of making an excessive campaign contribution.
The president's longtime lawyer dealt him a bitter political blow as he admitted to felony charges in NY that included making illegal campaign contributions. It made him question the president's loyalty.
Davis said he believed Trump committed federal crimes alongside Cohen by working on a plan to pay off the women.
Sen. Dick Durbin, D-Illinois, said Cohen's claims are serious and troubling - but it's "premature" to discuss impeachment, because "more information has to come forward" and it's "too early in the process to be using these words". Federal law prohibits individuals from donating more than $3,500 to presidential campaigns. The women were not identified by name, but the facts laid out in court papers make clear they are former Playboy model Karen McDougal and adult film actress Stephanie Clifford, aka Stormy Daniels.
In pleading guilty on Tuesday, Cohen stated that he made hush payments in 2016 to women who claimed to have had affairs with the Republican presidential nominee, and did so at the "direction of the candidate", plainly meaning Trump. There would presumably be no bar against charging a president after he or she leaves the White House.
But the search for that evidence has brought to light an equally damaging revelation: Trump and his team were accustomed to breaking the law to get what they wanted.
A source familiar with internal White House discussions said staffers were "stunned" and "rattled" by the day's bombshell developments.
Prosecutors did not go as far as Cohen did in open court in pointing the finger at the president, saying Cohen acted "in coordination with a candidate or campaign for federal office for purposes of influencing the election".
While on CNN a little later, he offered that Cohen would probably be willing to testify before Congress about what he knows about Trump's knowledge of Russian interference in the 2016 election. Trump has denied any collusion by his campaign with Moscow and repeatedly called Mueller's investigation a witch hunt.
The president has repeatedly voiced frustration that Attorney General Jeff Sessions has been unwilling to intervene into investigations into Trump and his allies, including the ongoing special counsel probe into possible collusion between his campaign and Russian Federation. Trump added in a tweet that is certain to raise speculation about whether the president might pardon Manafort at some point.
Trump's response was to discredit Cohen - contrasting his actions with the "brave" Manafort.
Michael Cohen turned against Donald Trump after the President backed Vladimir Putin ahead of USA intelligence services. But the president should expect more "worst" days in the future.
The two findings of guilt ratchet up the political pressure for Trump and fellow Republicans ahead of November's congressional elections in which Democrats are seeking to regain control of Congress. And even Trump loyalists acknowledged the judicial proceedings were a blow to the GOP's chances of retaining the majority this year.
'On August 21, Michael Cohen made the decision to take legal responsibility and to continue his commitment to tell the truth.