Cohen, the chief executive officer of the five companies, disputed the figure and said the tax obligation isn’t his. “These are the obligations of the operator, not the passive investor,” he said in a telephone interview.

In related news that Cohen is likely praying to the gods of hush money will come true, Rudy Giuliani, the newest member of Trump’s legal team, has predicted that the Mueller probe will be over in a week, two weeks tops. “They’re almost there,” Giuliani, who may have been brought on simply for moral support, told the New York Post. For all you bookmakers out there, the last Trump attorney to predict a quick resolution to the Russia investigation was Ty Cobb, who claimed the whole thing would be wrapped up by Thanksgiving 2017.

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The Trump administration actually fined a bank

It was Wells Fargo, poster child for fraud, so there wasn’t really any getting out of it, though we’re sure Mick Mulvaney tried:

Two federal regulators are fining Wells Fargo $1 billion for forcing customers into car insurance and charging mortgage borrowers unfair fees.

The penalty was announced Friday by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency.

It is the harshest action taken by the Trump administration against a Wall Street bank.

In a statement, Wells C.E.O. Tim Sloan—who got a sizable raise last month—said the bank had made progress in its newfound commitment to “review all of our practices and make things right . . . our customers deserve only the best from Wells Fargo, and we are committed to delivering that.”

Surprise: Trump’s steel tariffs will lead to U.S. job losses

“Although it is difficult to say exactly how many jobs will be affected, given the history of protecting industries with import tariffs, we can conclude that the 25 percent steel tariff is likely to cost more jobs than it saves,” Fed economists wrote in a post for the New York Fed’s Liberty Street Economics blog. “The new tariffs are likely to lead to a net loss in U.S. employment, at least in the short to medium run.” Earlier in the week, New York fed president William Dudley said that “a tariff war would be a terrible, terrible outcome,” adding, “I would not look at a trade war as something we can win. I don’t really think a trade war is a winnable proposition.” (That, obviously, is different from Donald “Trade wars are good and easy to win” Trump’s take on the situation.)