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Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers

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Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers
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Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers

2024-05-10 20:10 Last Updated At:20:31

LOS ANGELES (AP) — Homeowners have been spending more on home renovations in recent years, as high interest rates and stubbornly high inflation drove up costs for everything from flooring to refrigerators.

The home improvement spree got particularly heated early in the pandemic, when Americans invested to make their homes better suited for remote work and learning. But the home improvement frenzy appears to be cooling.

Harvard University’s Joint Center for Housing Studies’ latest leading indicator of remodeling activity, or LIRA, suggests homeowner spending on renovations and repairs will fall to $449 billion this year. That would represent a roughly 7% drop from 2023.

Spending on home remodeling was down 1.2% in the first quarter from a year earlier — the first annual decline in more than a decade. Historically, annual growth in home improvement spending has averaged 5%.

Many factors are contributing to the slowdown, including elevated interest rates, stubbornly high inflation and a national home sales slump. Home sales are one of the biggest drivers of spending, with homebuyers typically investing most heavily in upgrades or repairs in the first three years after buying their home.

“Sales are just really critical for a lot of remodeling activity,” said Abbe Will, a senior researcher at the JCHS.

The housing market remains constrained by the inventory of homes on the market, mortgage rates and rising prices. Those trends suggest slower home improvement spending growth, at least through the first quarter of 2025, according to the JCHS report.

“We are projecting declines going into the first part of next year, but certainly our trend suggests that we might see a bottom to the market this year,” Will said.

For homeowners considering renovation projects, this means it may be easier to schedule a contractor, but don’t bank on lower prices. Costs for construction, remodeling and labor will remain high, Will noted.

Here are five ways to help keep a lid on costs in your next home improvement project:

Sometimes less-costly upgrades like a new front door can offer a better return on investment than more expensive projects.

A recent analysis by home construction industry tracker Zonda found that upgrading the outside features of a home, such as a garage door or front entrance, typically helps boost a property’s resale value and the project’s return on investment, or ROI.

“When it comes to adding resale value to a home, exterior replacement projects continue to make the most sense,” said Clay DeKorne, chief editor of Zonda’s JLC Group. “Discretionary projects like an upscale bathroom or kitchen remodel will feel valuable to those who make the selections but won’t provide nearly as much return to sellers.”

Some projects, like painting a room, you may be able to do yourself. Major renovations will require more leg work to find the right contractor and get estimates on building materials, appliances or other needs. The more you know upfront, the better prepared you’ll be to anticipate any potentially costly snags.

Delays happen. It could be a surprise repair detour when demolishing a wall to expand a bathroom in an older home, or the light fixture or window style you want isn’t available for several weeks. Factor in more time than you think you'll need.

Replacing siding or water-proofing the wood on an outdoor deck may not be the most exciting renovation, but it will save you money in the long run, says Heather Cook, a broker-agent with Real Brokerage in Charlotte, North Carolina.

“You need to take care of these maintenance items because they’re going to creep up on you and cost you ten times as much later,” she said.

Another potential cost you'll want to avoid: Expenses for fixing accidental damage to your home during a renovation.

If you hire a contractor to do the work, get proof they’re insured.

And after the work is done update your insurer so the upgrades are accounted for in your policy. Most insurers require that homeowners carry insurance for at least 80% of their home’s replacement value to ensure full coverage for repairs or rebuilding after a loss, according to the Independent Insurance Agents & Brokers of America.

FILE - A beam is measured and marked at a housing site in Madison County, Miss., Tuesday, March 16, 2021. Homeowners have been spending more for renovations in recent years, as high interest rates and inflation drove up costs for everything from flooring to refrigerators. (AP Photo/Rogelio V. Solis, File)

FILE - A beam is measured and marked at a housing site in Madison County, Miss., Tuesday, March 16, 2021. Homeowners have been spending more for renovations in recent years, as high interest rates and inflation drove up costs for everything from flooring to refrigerators. (AP Photo/Rogelio V. Solis, File)

NEW YORK (AP) — Donald Trump's hush money trial entered its final stretch as the prosecution's star witness Michael Cohen returned to the stand Monday.

In his testimony last week, Cohen placed the former president directly at the center of the alleged scheme to stifle negative stories to fend off damage to his White House bid. Among other things, Cohen told jurors that Trump promised to reimburse him for the money he fronted and was constantly updated about efforts to silence women who alleged sexual encounters with him. Trump denies the women’s claims.

Defense attorneys resumed cross-examination of Cohen with a series of questions about his business dealings and other activities in the lead-up to the payment to porn actor Stormy Daniels. They further dug into Cohen's sources of income in the years since Trump originally took office, as well as income he has earned criticizing the former president.

Prosecutors have said they will rest their case once Cohen's testimony concludes, though they could call rebuttal witnesses. The defense said Monday it will call at least one witness, but it remains unclear whether Trump will testify.

Merchan said earlier in the day that closing arguments could take place the Tuesday after Memorial Day.

The trial is in its 19th day.

Trump has pleaded not guilty to 34 felony counts of falsifying business records.

The case is the first-ever criminal trial of a former U.S. president and the first of four prosecutions of Trump to reach a jury.

Currently:

— What we’ve learned so far in the Trump hush money trial and what to watch for as it wraps up

— Trump receives NRA endorsement as he vows to protect gun rights

— Trump hush money case: A timeline of key events

— Key players: Who’s who at Trump’s hush money criminal trial

— Hush money, catch and kill and more: A guide to unique terms used at Trump’s trial

Here's the latest:

Back on the witness stand Monday afternoon, Michael Cohen testified that he has “no doubt” that Donald Trump gave him a final sign-off to make the hush money payment to Stormy Daniels. In total, he said he spoke with Trump more than 20 times about the matter in October 2016. Some conversations were brief, while others were longer, he said, adding that they happened both by phone and in person.

Prosecutors appear to be eliciting testimony from Cohen aimed at diminishing the importance of a single phone call, which defense attorneys contend was not about the Daniels payments, but about a teenage prank caller who had been harassing Cohen.

After initially objecting, Donald Trump’s lawyers have agreed to let prosecutors show the jury in his hush money trial a still image taken from a C-SPAN video of Trump and his bodyguard Keith Schiller together at a campaign event at 7:57 p.m. on Oct. 24, 2016.

Trump lawyer Todd Blanche said he agreed to what’s known as a stipulation, allowing prosecutors to introduce the image without the need for extra steps — such as summoning a C-SPAN representative back to the witness stand to authenticate the image.

The defense made the compromise after prosecutors said they would seek to have the C-SPAN representative testify Tuesday morning, likely after the prosecution rests its case and the defense starts calling witnesses.

Blanche conferred with prosecutor Joshua Steinglass and reached the deal during a short break in the trial after conferring with Trump and other members of his defense team about how to proceed.

The judge in the case previously ruled against showing the image on grounds that the photo would amount to hearsay without being authenticated by a representative of the TV network.

Trump lawyer Todd Blanche on Monday objected to having a C-SPAN representative return to court after prosecutors floated it in their request to show a screenshot of an October 2016 video from the network.

Blanche argued that doing so will unnecessarily prolong Donald Trump's hush money trial. He added that prosecutors are on the verge of resting their case and that the defense may rest its case Monday, too.

The defense plans to call a campaign finance expert, a lawyer who offered to represent Cohen after the FBI raided his property in 2018, and a paralegal.

Prosecutor Joshua Steinglass said he hopes to have Robert Browning, the executive director of the C-SPAN archives, back on the witness stand on Tuesday.

Chuck Zito, the former president of the Hells Angels' New York chapter, was among those in court Monday to support Donald Trump during his hush money trial.

Zito, who helped found the biker club’s local branch in the 1980s before setting his sights on Hollywood, was part of Trump’s entourage Monday, and was sitting in the back row of the courtroom before lunch.

Also known for his role as “Chucky The Enforcer” on the HBO prison drama “Oz,” Zito served real prison time on a drug charge in the late ’80s and early ’90s.

He’s not the only Trump ally in the courtroom who was previously convicted of a criminal charge: Bernard Kerik served three years behind bars after pleading guilty to federal tax fraud and other charges before his release in 2013. Trump pardoned him in 2020.

Before the jury returned from the lunch break, Judge Juan M. Merchan ruled that prosecutors can’t show the jury screenshots of a C-SPAN video of Donald Trump and his bodyguard Keith Schiller together at a campaign event the evening of Oct. 24, 2016 — about five minutes before Michael Cohen called Schiller’s cell phone.

The judge said the photo amounts to hearsay without being authenticated by a representative of the TV network. Assistant District Attorney Joshua Steinglass said prosecutors are arranging to have the executive director of the C-SPAN archives, Robert Browning, return to the witness stand. Browning testified earlier in the trial to authenticate videos of Trump campaign speeches in 2016.

Steinglass had said they wanted to show the image to blunt any suggestion by the defense that Trump and Schiller might not have been together at the time in question.

During a bench conference before the resumption of testimony in Donald Trump's hush money trial, defense lawyers said they would call attorney Robert Costello to the witness stand during their defense case.

In addition to Costello, defense lawyer Todd Blanche said potentially they would also call Bradley A. Smith and a paralegal.

Costello, whose well-publicized split from Michael Cohen was chronicled in testimony last week, was invited last year to appear before the grand jury that indicted Trump after asserting that he had information that undermined Cohen’s credibility.

In a news conference after his grand jury appearance, he told reporters that he came forward to provide exculpatory information about Trump and to make clear that he did not believe Cohen — who pleaded guilty to federal crimes and served time in prison — could be trusted.

The move to call Costello is risky for the defense because it could open the door to additional testimony about what Cohen alleged was a strong-armed effort by the lawyer to keep him in line during the federal hush money investigation and to deter Cohen from cooperating with prosecutors after his home, office and hotel room were raided by the FBI in 2018.

After the jury was excused for lunch on Monday, prosecutors said they’re seeking to show them a screenshot from a C-SPAN video of Donald Trump and his bodyguard Keith Schiller together at a campaign event on Oct. 24, 2016, just minutes before Cohen called Schiller’s cell phone.

Prosecutor Joshua Steinglass told Judge Juan M. Merchan they wanted to show the image to blunt any suggestion by the defense that Trump and Schiller might not have been together at the time in question. Trump lawyer Todd Blanche said he never suggested, nor would he suggest, they were apart.

Cohen previously testified that he needed to speak with Trump “to discuss the Stormy Daniels matter and the resolution of it” and he knew that Schiller would be with him. Cohen wired $130,000 to Daniels’ lawyer two days after the call in question.

Citing text messages and telephone records, Blanche pressed Cohen last week on the subject matter of the call, eliciting testimony that the witness was also dealing with harassing phone calls from a person who’d identified himself as a 14-year-old boy.

Donald Trump’s entourage of political supporters spoke to news reporters Monday in the park across from the Manhattan courthouse where his criminal trial is currently taking place.

The group sought to attack the case, the judge, the judge’s daughter and President Joe Biden.

South Carolina Attorney General Alan Wilson said Michael Cohen — who is currently on the witness stand — lied to Congress, the media and the court.

“You’d have trouble finding a single person he has actually told the truth to,” Wilson said.

Kash Patel, who served in Trump’s administration, said that Monday’s proceedings marked the first time in six weeks of trial that “we finally have a crime,” because Cohen admitted to stealing money from the Trump Organization.

“We also have a victim. That victim is Donald J. Trump,” Patel said.

U.S. Rep. Andrew Clyde of Georgia called for the U.S. government to withhold any federal money from being used in New York’s court system and Illinois Rep. Mary Miller said “any normal judge would have dismissed this case by now.”

As she questioned Michael Cohen again on redirect, prosecutor Susan Hoffinger took a dig at the defense’s exacting cross-examination of him during Donald Trump's hush money trial.

“I know you might feel like you’re on trial here after cross-examination, but are you actually on trial here?,” she asked.

“No, ma’am,” Cohen replied after a defense objection was overruled.

Asked to describe the difference between testifying in court against Trump and the 2018 federal case in which he pleaded guilty to various crimes, Cohen said: “My life was on the line. My liberty. I was the defendant in that case. Here, I’m just a non-party subpoenaed witness.”

Michael Cohen’s admitted theft from the Trump Organization came after his annual holiday bonus was slashed to $50,000 from the $150,000 he usually received, he testified on Monday.

Cohen said that Donald Trump owed technology firm Red Finch $50,000 for its work artificially boosting his standing in a CNBC online poll about famous businessmen.

Cohen said he’d paid the company’s owner $20,000 in cash “to placate him for the time being” after Trump had gone months without paying the bill.

Cohen said he later sought reimbursement for the full amount at the same time he was seeking payment for the money he paid Stormy Daniels. He said he kept the difference instead of paying Red Finch as a way of making up for his reduced bonus.

“I was angered because of the reduction in the bonus and so I just felt like it was self-help,” Cohen said.

Michael Cohen testified on Monday that he shelled out money to a tech firm to help boost Donald Trump’s performance in an online CNBC poll about the most famous businessmen of the last half-century.

At first, Trump was polling near the bottom “and it upset him,” Cohen said during redirect. So Cohen reached out to Red Finch, who said they could create an algorithm that would get Trump’s name “to rise and rise significantly” in the poll by acquiring IP addresses to cast phony votes.

He said Trump initially wanted to finish first, but the two decided that would be suspicious. Instead, they decided to settle for ninth. But Trump refused to pay the firm after CNBC decided to nix a second round of the poll featuring the top 10 names. Trump, Cohen testified, didn’t feel he’d gotten his money’s worth.

When he was later reimbursed by Allen Weisselberg to pay back Red Finch, Cohen kept the proceeds for himself — an act of deception that, Cohen admitted earlier in the day, amounted to stealing from the Trump Organization.

But describing his actions to the prosecutor, Cohen defended the move. “I felt it was almost like self-help,” he said.

As prosecutor Susan Hoffinger began questioning Michael Cohen during redirect on Monday, she took aim at a point that Donald Trump’s defense made during their questioning: that Cohen helped Trump and his family with some legal matters in 2017, when Cohen received $420,000 from the then-president.

The sum included reimbursement for the $130,000 that Cohen had paid Stormy Daniels, according to testimony and evidence at the hush money trial.

Prosecutors say the $420,000 in payments was deceptively logged as legal expenses to disguise the Daniels deal. Trump’s defense says Cohen was indeed paid for legal work, so there was no cover-up.

Cohen testified that he never billed for the work he did for Trump and his family in 2017. When Hoffinger asked whether the $420,000 was related at all to those 2017 legal endeavors, Cohen answered, “No, ma’am.”

The defense's cross-examination of Michael Cohen in Donald Trump's hush money trial ended with Cohen reiterating that he discussed the Stormy Daniels deal with the former president.

“Notwithstanding everything you’ve said over the years, you have specific recollection of having conversations with then-candidate Donald J. Trump about the Stormy Daniels matter?” defense lawyer Todd Blanche asked.

“Yes, sir,” Cohen answered.

“No doubt in your mind?”

No doubt, Cohen averred, and Blanche said he had no more questions.

Pushed before the morning break in Donald Trump's hush money case to describe his lucrative Trump-related side businesses, Michael Cohen told defense attorney Todd Blanche “there is a television show” in the works.

Tentatively titled “The Fixer,” the show is based on Cohen’s own life and career. A producer on his podcast is currently shopping the show to studios, but it hasn’t been picked up yet, Cohen testified.

Later asked about his recent claim that he might run for Congress because he has “the best name recognition out there,” Cohen insisted he hasn’t built his profile on Trump’s back.

“My name recognition is because of the journey that I’ve been on. Is it affiliated to Mr. Trump? Yes. Not because of Mr. Trump,” he testified.

“Well, the journey that you’ve been on,” Blanche noted, “has included near-daily attacks on President Trump.”

“My journey is to tell my story, yes, sir,” Cohen said, eventually acknowledging his frequent criticisms of Trump.

Cohen also testified he’d be better off financially if Trump isn’t convicted because it would give him more fodder for the podcasts that provide a sizeable chunk of his livelihood.

Cohen was responding to questions asking if he’d benefit financially from a conviction in the hush money case.

As he spoke, Trump looked directly at the witness box, his arm draped over his chair.

Before a morning break in Donald Trump's criminal trial, defense lawyer Todd Blanche probed Michael Cohen’s profitable new career as a media-forward Trump critic.

The ex-lawyer said he’s made about $4.4 million from his books and podcasts since 2020, the year he was released from prison to home confinement. He was freed from home confinement in 2021.

Cohen also noted that he makes some income from a real estate rental property.

Before pleading guilty in 2018 to campaign finance violations and other charges, Cohen made about $4 million in 18 months, he testified. That money came largely from corporate consulting deals, plus the $420,000 he got from Trump to reimburse the Stormy Daniels payout and a technology expense, cover taxes and provide a bonus.

Jurors in Donald Trump's hush money trial remained largely engaged with Michael Cohen’s testimony on Monday, though some appeared to be dragging as his testimony stretched into a fourth day.

Several jurors stifled yawns while peering at the witness and looking at monitors in front of them as emails and other evidence were displayed. A few continued to take notes. Others sat back and took in the testimony, occasionally peering at the gallery of reporters and public observers.

Defense attorney Todd Blanche grilled Michael Cohen on Monday about his initial public denials that Donald Trump knew about the Stormy Daniels payoff.

After The Wall Street Journal reported in January 2018 that Cohen had arranged the payout to the porn actor more than a year earlier, Cohen told journalists, friends and others that Trump had been in the dark about the arrangement.

So until April 2018, “you had told anybody who asked that President Trump knew nothing about the payment at the time?” Blanche asked.

“That’s what I said, yes,” Cohen acknowledged.

In April 2018, federal authorities searched Cohen’s home, office and other locations tied to him. Four months later, Cohen pleaded guilty to campaign finance violations and other charges and told a court that Trump had directed him to arrange the Daniels payment.

Michael Cohen testified on Monday he made $4 million from six clients — including AT&T, which was attempting to acquire Time Warner at the time — for which he was working as a consultant after Donald Trump won the 2016 election.

Another client was Columbus Nova, an investment management that paid him $80,000 a month. Novartis, a pharmaceutical company, also paid him $100,000 a month for a year.

Cohen was among a long list of former Trump aides and confidantes who raked in large sums of money as consultants after Trump won the White House as companies and countries scrambled to understand and influence the new reality star-turned-president.

Defense lawyer Todd Blanche asked Michael Cohen on Monday about legal matters he helped Donald Trump handle — including by finding outside lawyers — in early 2017 when he began receiving $35,000-a-month payments that reimbursed him for the payment to Stormy Daniels and some other things.

It’s a point the defense wants to hammer home to counter prosecutors’ argument that those monthly payments were deceptively logged as legal expenses to disguise the Daniels deal.

The defense, and Trump himself, have argued that the checks to Cohen were properly categorized because he was indeed working as a lawyer for Trump.

Cohen said he also did legal work for former first lady Melania Trump as part of his job — including reviewing an agreement with Madame Tussauds, the famous chain of wax museums, and working with her on a trademark issue.

Michael Cohen on Monday admitted that he stole from Donald Trump’s company when he pocketed tens of thousands of dollars that was earmarked as a reimbursement for money he said he shelled out to a technology firm.

The Trump Organization reimbursed Cohen for the costs under the same arrangement as his repayment for the hush money payment he made to porn actor Stormy Daniels.

Cohen had claimed he shelled out $50,000 to the tech firm, Red Finch, but during cross-examination in Trump's criminal trial he testified that he gave a company executive just $20,000 in cash and never forked over the other $30,000 that was owed.

The Trump Organization repaid Cohen $50,000 and then doubled that payment in a practice known as “grossing up” to cover taxes he’d incur by declaring the money as income rather than a tax-free reimbursement.

“Have you paid back the Trump Organization the money you stole from them?”

“No, sir,” Cohen responded.

Trump, who had been slouched back in his seat with his eyes closed for much of the testimony, looked directly at the witness stand as Cohen made the admission about stealing.

Eric Trump, Trump’s son, who is in court, posted on X: “This just got interesting: Michael Cohen is now admitting to stealing money from our company.”

After walking Michael Cohen through the personal business dealings and Donald Trump-related responsibilities he was juggling in the leadup to the Stormy Daniels payment, defense lawyer Todd Blanche pointedly asked about two key phone calls Cohen said he had with Trump.

“You do have a specific recollection that, on those two phone calls, you just talked about the Stormy Daniels deal — that’s it?” Blanche asked.

Yes, Cohen said, because it was personally important to him. He was about to shell out $130,000 from his own account to keep Daniels from selling her story publicly.

“My recollection is that I was speaking to him about Stormy Daniels because that is what he tasked me to take care of and that’s what I had been working on,” Cohen added.

The charges against Trump — falsifying business records — center on the way he ultimately reimbursed Cohen for the Daniels payment. Trump has pleaded not guilty.

Defense lawyer Todd Blanche asked Michael Cohen a series of questions on Monday about personal business deals and other Donald Trump-related tasks that Cohen was juggling in the weeks before the Stormy Daniels payout.

Cohen testified that his attention was divided at the time by several other matters, including a real estate transaction involving an investment property he owned with his brother, a restructuring of his taxi medallion investments, securing an endorsement for Trump from one of Dr. Martin Luther King’s relatives, unrelated litigation and an issue involving photographs and a potential extortion attempt of one of Trump’s children.

The questions seem aimed at showing that he wasn’t solely focused on the Daniels matter, despite its urgency at the time.

Defense attorney Todd Blanche resumed his questioning of prosecutorial witness Michael Cohen by asking how many reporters he’s spoken to since Thursday when he was last on the witness stand.

After a brief pause, Cohen replied: “I didn’t speak to reporters about what happened last week.”

Pressed again by Blanche, Cohen clarified that he had spoken to reporters, just not about the details of last week’s testimony.

“I’ve spoken to reporters who called to say hello, to see how I’m doing, check in, but I didn’t talk about this case,” he said.

The judge in Donald Trump's hush money trial declined Monday to broaden the scope of testimony that the defense can elicit from a potential expert witness, Bradley A. Smith, a former Bill Clinton-appointed Republican Federal Election Commission member.

Judge Juan M. Merchan echoed his pretrial ruling that, if called, Smith can give general background on the Federal Election Commission — its purpose, background and the laws it enforces — and the definitions of such terms as “campaign contribution.”

Merchan rejected the defense’s renewed efforts to have Smith define three terms in federal election law, saying it would breach rules preventing expert witnesses from interpreting the law. Nor can Smith opine on whether the former president’s alleged actions violate those laws, Merchan said.

If Smith were to testify about those issues, Merchan said, the prosecution would then be permitted to call an expert of its own. That would result in a “battle of the experts,” the judge said, “which would only serve to confuse and not assist the jury.”

Smith is a law professor, and there often are guardrails around expert testimony on legal matters, on the basis that it’s up to a judge — not an expert hired by one side or the other — to instruct jurors on applicable laws in a case.

American lawyer Alan Dershowitz returns to the courtroom for the criminal trial of former President Donald Trump after a short break at the municipal criminal court in Monday May 20, 2024 in New York. (Sarah Yenesel/Pool Photo via AP)

American lawyer Alan Dershowitz returns to the courtroom for the criminal trial of former President Donald Trump after a short break at the municipal criminal court in Monday May 20, 2024 in New York. (Sarah Yenesel/Pool Photo via AP)

American actor Chuck Zito returns to the courtroom for the criminal trial of former President Donald Trump after a short break at the municipal criminal court in Monday May 20, 2024 in New York. (Sarah Yenesel/Pool Photo via AP)

American actor Chuck Zito returns to the courtroom for the criminal trial of former President Donald Trump after a short break at the municipal criminal court in Monday May 20, 2024 in New York. (Sarah Yenesel/Pool Photo via AP)

Former President Donald Trump walks with attorney Todd Blanche after a break during his trial at Manhattan Criminal Court on Monday, May 20, 2024 in New York. (Michael M. Santiago/Pool Photo via AP)

Former President Donald Trump walks with attorney Todd Blanche after a break during his trial at Manhattan Criminal Court on Monday, May 20, 2024 in New York. (Michael M. Santiago/Pool Photo via AP)

Former President Donald Trump speaks to members of the media before entering the courtroom with his attorney Todd Blanche at Manhattan Criminal Court on Monday, May 20, 2024 in New York. (Michael M. Santiago/Pool Photo via AP)

Former President Donald Trump speaks to members of the media before entering the courtroom with his attorney Todd Blanche at Manhattan Criminal Court on Monday, May 20, 2024 in New York. (Michael M. Santiago/Pool Photo via AP)

Former President Donald Trump sits in Manhattan Criminal Court on Monday, May 20, 2024 in New York. (Michael M. Santiago/Pool Photo via AP)

Former President Donald Trump sits in Manhattan Criminal Court on Monday, May 20, 2024 in New York. (Michael M. Santiago/Pool Photo via AP)

Former President Donald Trump appears at Manhattan Criminal Court on Monday, May 20, 2024 in New York. (Michael M. Santiago/Pool Photo via AP)

Former President Donald Trump appears at Manhattan Criminal Court on Monday, May 20, 2024 in New York. (Michael M. Santiago/Pool Photo via AP)

Michael Cohen leaves his apartment building on his way to Manhattan criminal court in New York, Monday, May 20, 2024. (AP Photo/Seth Wenig)

Michael Cohen leaves his apartment building on his way to Manhattan criminal court in New York, Monday, May 20, 2024. (AP Photo/Seth Wenig)

Michael Cohen leaves his apartment building on his way to Manhattan criminal court in New York, Monday, May 20, 2024. (AP Photo/Seth Wenig)

Michael Cohen leaves his apartment building on his way to Manhattan criminal court in New York, Monday, May 20, 2024. (AP Photo/Seth Wenig)

Former President Donald Trump closes his eyes, during his trial at Manhattan criminal court Thursday, May 16, 2024, in New York. (Mike Segar/Pool Photo via AP)

Former President Donald Trump closes his eyes, during his trial at Manhattan criminal court Thursday, May 16, 2024, in New York. (Mike Segar/Pool Photo via AP)

Former President Donald Trump, center, walks by Rep. Matt Gaetz, left, R-Fla., outside the courtroom after the day's proceedings in his trial Thursday, May 16, 2024, in New York. Trump's adviser Boris Epshteyn, and attorney Emil Bove, right, follow behind him. (Mike Segar/Pool Photo via AP)

Former President Donald Trump, center, walks by Rep. Matt Gaetz, left, R-Fla., outside the courtroom after the day's proceedings in his trial Thursday, May 16, 2024, in New York. Trump's adviser Boris Epshteyn, and attorney Emil Bove, right, follow behind him. (Mike Segar/Pool Photo via AP)

FILE - Michael Cohen leaves his apartment building on his way to Manhattan criminal court, May 13, 2024, in New York. Donald Trump's hush money trial is heading into the final stretch. The landmark trial will kick back off Monday, May 20, in Manhattan with more defense cross-examination of former Trump attorney Cohen. Cohen's pivotal testimony directly tied Trump to the alleged hush money scheme. Defense lawyers are trying to paint Cohen as a serial fabulist who is on a revenge campaign against the presumptive Republican presidential nominee. (AP Photo/Julia Nikhinson, File)

FILE - Michael Cohen leaves his apartment building on his way to Manhattan criminal court, May 13, 2024, in New York. Donald Trump's hush money trial is heading into the final stretch. The landmark trial will kick back off Monday, May 20, in Manhattan with more defense cross-examination of former Trump attorney Cohen. Cohen's pivotal testimony directly tied Trump to the alleged hush money scheme. Defense lawyers are trying to paint Cohen as a serial fabulist who is on a revenge campaign against the presumptive Republican presidential nominee. (AP Photo/Julia Nikhinson, File)

Former President Donald Trump walks over to addresses reporters following the day's proceedings in his trial at Manhattan criminal court in New York, Thursday, May 16, 2024. (Steven Hirsch/New York Post via AP, Pool)

Former President Donald Trump walks over to addresses reporters following the day's proceedings in his trial at Manhattan criminal court in New York, Thursday, May 16, 2024. (Steven Hirsch/New York Post via AP, Pool)

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