MSNBC's O'Donnell backs away from Trump-Russia report

MSNBC host Lawrence O'DonnellLawrence Francis O'DonnellTrump says it would be 'disloyal to my followers' to do a CNN interview Trump rips MSNBC's O'Donnell after story retraction: 'So bad for the USA!' MSNBC's O'Donnell backs away from Trump-Russia report MORE on Wednesday backed away from his previous night's reporting on alleged financial ties between President TrumpDonald John TrumpAlaska Republican Party cancels 2020 primary Ukrainian official denies Trump pressured president Trump goes after New York Times, Washington Post: 'They have gone totally CRAZY!!!!' MORE and Russian oligarchs, saying he had made "an error in judgment" and that he had been wrong to report the story.

"Last night I made an error in judgment by reporting an item about the president’s finances that didn’t go through our rigorous verification and standards process," O'Donnell tweeted. "I shouldn’t have reported it and I was wrong to discuss it on the air. I will address the issue on my show tonight."

His statement comes after an attorney for Trump demanded MSNBC retract the report, which alleged that the president had taken out loans from Deutsche Bank with Russian oligarchs as co-signers.