MSNBC host Lawrence O'Donnell Lawrence O'DonnellMSNBC producer pens scathing exit letter: Ratings model 'blocks diversity of thought and content' MSNBC political analyst Karine Jean-Pierre joins Biden campaign Wallace says Biden gave 'skillful' answer on advice to voters on Reade MORE on Wednesday backed away from his previous night's reporting on alleged financial ties between President Trump Donald John TrumpFederal prosecutor speaks out, says Barr 'has brought shame' on Justice Dept. Former Pence aide: White House staffers discussed Trump refusing to leave office Progressive group buys domain name of Trump's No. 1 Supreme Court pick MORE and Russian oligarchs, saying he had made "an error in judgment" and that he had been wrong to report the story.

"Last night I made an error in judgment by reporting an item about the president’s finances that didn’t go through our rigorous verification and standards process," O'Donnell tweeted. "I shouldn’t have reported it and I was wrong to discuss it on the air. I will address the issue on my show tonight."

Last night I made an error in judgment by reporting an item about the president’s finances that didn’t go through our rigorous verification and standards process. I shouldn’t have reported it and I was wrong to discuss it on the air. I will address the issue on my show tonight. — Lawrence O'Donnell (@Lawrence) August 28, 2019

His statement comes after an attorney for Trump demanded MSNBC retract the report, which alleged that the president had taken out loans from Deutsche Bank with Russian oligarchs as co-signers.

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