Sen. Adam Schiff (D-CA) is preparing for a legal war with President Donald Trump after the president accused him of mortgage fraud. Schiff has created a legal defense fund as the Justice Department investigates the allegations.

On Wednesday, Trump called on Cook to resign after Federal Housing Finance Authority director William Pulte sent a "criminal referral" to Attorney General Pam Bondi, accusing Cook of mortgage fraud. Neither Bondi nor the Justice Department has announced if they plan to open a criminal investigation into Cook.

Federal Reserve Governor Lisa Cook responded to calls by President Donald Trump for her to resign, saying she won't step down despite allegations of mortgage fraud made by the Federal Housing leader....

“Cook must resign, now!!!” Trump wrote on Truth Social, sharing a media report about Pulte’s claims.