The Week's Biggest Development

Arguably the biggest development of last week was the revelation that Donald Trump's longtime financial manager Allen Weisselberg has been subpoenaed by Special Counsel Robert Mueller, who leads the criminal investigation into the President and his circle (details here).

This is major news because, as the linked article notes, "the fact that there was reason to subpoena him is big. That means he has to answer investigators' questions, save for ones where he might invoke the Fifth Amendment. It also means the probe has clearly expanded into Trump's business, which constituted Trump's previously expressed red line."

The business is where Trump may be the most vulnerable, particularly if he was involved in money laundering, which has long been widely believed.

The piece then quotes a former Justice Department official: "The subpoena is significant because it indicates that the probe encompasses the welter of transactions done under the umbrella of the Trump Organization, with possible criminal liability for the organization itself. Moreover, it means investigation into possible abuse of the organizational structure to serve Trump’s personal purposes."

The official continues: "If he was truly the guy people like Cohen sought to execute shady dealings like setting up companies for payments to cover up alleged affairs, just think of what he might know. You can bet Trump is."

This a development definitely to be watched. Stay tuned.