10 things you need to know today: May 17, 2018

Trump acknowledges reimbursing Cohen in financial disclosure, the White House says the North Korea summit is still on, and more

Trump acknowledges reimbursing Cohen in financial disclosure.
(Image credit: BRYAN R. SMITH/AFP/Getty Images)

1. Trump acknowledges reimbursing Cohen in financial disclosure

President Trump reported a reimbursement to his personal attorney, Michael Cohen, in his latest financial disclosure that appears to cover the $130,000 Cohen paid to porn star Stormy Daniels. That payment was made days before the 2016 presidential election to ensure Daniels' silence on her claim that she had an affair with Trump more than a decade earlier. Trump has denied having an affair with Daniels, and he denied knowledge of any payment to her until recently acknowledging he had paid Cohen a retainer fee to cover the handling of "false and extortionist accusations." The new disclosure acknowledges that Cohen was reimbursed for expenses between $100,000 and $250,000, but doesn't specify for what.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.