Published: Fri, August 24, 2018
Money | By Michele Stevens

'Impeach me and market will crash'

'Impeach me and market will crash'

US President Donald Trump warned Thursday the US economy would collapse if he were impeached, as legal chaos roiling the White House has experts saying his presidency is under threat.

"I'll tell you what, if I ever got impeached, I think the the market would crash".

Trump was dealt severe back-to-back blows on Tuesday when Cohen pled guilty to illegal campaign finance violations and former Trump campaign chairman Paul Manafort was convicted of tax and bank fraud within minutes of each other.

'You could only impeach him for political reasons and the American people would revolt against that'. I think everybody would be very poor.

It appears as if President Trump has perhaps switched his narrative from "no collusion" to 'don't impeach me, ' at least if you go by a statement he made this morning on Fox News regarding the prospects of impeachment.

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Cohen also purportedly paid porn star Stormy Daniels - whose real name is Stephanie Clifford - a sum of $130,000 as hush money after she claimed she had a previous sexual relationship with Trump in order to influence the 2016 election.

Should impeachment be approved by a simple majority in the chamber proceedings would commence in the Senate where two-thirds of senators would have to find the president guilty for him to be removed.

The president has denied having affairs with the women, and he and his team have denied he had any knowledge of the payments before they were made. "Everything's wonderful and then they get 10 years in jail and they - they flip on whoever the next highest one is, or as high as you can go", Trump said.

In an interview with Fox News aired on Thursday, Trump said he paid Cohen out of personal funds and the payments were meant to resolve a personal matter, not to benefit his campaign.

"In fact, I watched a number of [TV] shows".

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Mr Cohen pleaded guilty in federal court on Tuesday to six counts of fraud, and two counts of violating campaign finance laws - by making payments to silence women who alleged affairs with Mr Trump.

Trump's former personal lawyer has information of interest to special counsel Robert Mueller handling the Russian Federation probe.

That tool "almost ought to be outlawed".

It is the party's main argument to voters ahead of elections in which Democrats are expected to regain control of one, and possibly both, houses of Congress in November.

Cohen and his attorney accused the president of directing criminal acts and said that Trump's conduct makes him a felon.

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