Cohen's cooperation with Mueller prompted a falling out with his former client, with Trump attacking Cohen on Twitter, including accusing him of lying to try to lessen his jail sentence.
Michael Cohen, U.S. President Donald Trump's former lawyer, will testify publicly before Congress on February 7. Now it is Cohen who is going away, due to be incarcerated in FCI-Otisville, a medium-security federal prison in NY.
In August, Cohen pleaded guilty to breaking campaign-finance laws by helping orchestrate payments to silence former Playboy model Karen McDougal and adult-film actress Stormy Daniels, who said they had sexual encounters with Trump while he was married.
It's unclear whether Cohen's testimony contains evidence that could lead to the impeachment of the USA president, but given the fact that Trump's casually-tweeted comments (such as criticisms of the Federal Reserve chairman Jerome Powell) have been correlated with major turbulence in the stock markets, the last thing the economy needs at the moment is another wild card.
When asked by a reporter about Cohen's upcoming testimony during his visit to the southern border on Thursday, Trump said he isn't concerned. It is likely to pull back the curtain on key episodes involving Trump's personal life and business dealings, including hush-money payments to women and a proposed Moscow real estate deal, that federal prosecutors have been dissecting for months. An adviser to Cohen, Lanny Davis, said shortly after he was sentenced that the former political fixer wanted to testify and "state publicly all he knows".
President Donald Trump speaks to the media after signing Anti-Human Trafficking Legislation in the Oval Office on January 9, 2019 in Washington.
Elijah Cummings, the committee's chair, said the panel would avoid interfering with Mueller's investigation. Cohen lied to federal prosecutors about the timing of his discussions with Russian officials.
Special counsel Robert Mueller is also investigating "any links and/or coordination between the Russian government and individuals associated" with the Trump campaign. Specifically, he misled Congress on the work being done on a Trump Tower project in Moscow - work that continued well into 2016, even though Cohen, Trump and others had previously claimed the project was abandoned much earlier.
He also denied that Trump had committed impeachment offenses of high crimes or misdemeanors. Rep. Adam Schiff, the chairman of the House intelligence committee, also said he would be seeking a closed door hearing with Cohen.
He promised to continue to cooperate with the special counsel's investigation of Trump's campaign.
Sen. Richard Burr, R-N.C., the chairman of the Senate Intelligence Committee, said Cohen "Cohen has had in his possession for months a request to return to the Senate Intelligence Committee for additional closed-door testimony, made all the more necessary by Mr. Cohen's indictment and guilty plea for making false statements to Committee investigators".