'Michael Cohen Will Lead to the Downfall of this President': Michael Avenatti Explains Why a New Report Is So Bad For Trump

Michael Avenatti said that the newest financial disclosure report from President Donald Trump reveals that his team realizes he's been backed into a corner in the Stormy Daniels case, making it more likely that he will not be able to complete his first term. And the key to Trump's legal exposure, Avenatti said, is Trump's lawyer and fixer Michael Cohen.

"Michael Cohen will lead to the downfall of this president," Avenatti said to MSNBC's Nicolle Wallace on "Deadline: White House." "He will not serve out his full term."

Avenatti represents Stephanie Clifford, better known as Stormy Daniels, in her lawsuit against the president and his attorney Michael Cohen to break a non-disclosure agreement she signed in October 2016 in exchange for $130,000. Trump and Cohen initially denied that the president had any involvement in or knowledge of the payment, but it has since been revealed that Trump did reimburse Cohen for the payment.

On Tuesday, Trump filed a financial disclosure form that admitted to such a payment to Cohen in 2017. The fact that Trump previously did not disclose the payments, as the Office of Government Ethics says he was required to, raises serious legal questions for the president.

Asked by Wallace why Trump admitted to the payment this week, Avenatti said, "I think the president disclosed this on the form because he realized at this juncture, based on advice from the people around him that he was left with no other choice but to disclose it on the form today."

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