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

MSNBC host Lawrence O'DonnellLawrence Francis O'DonnellButtigieg: Harris 'deserves to be under anybody's consideration' for vice president Lawmakers, social media users praise photo of Pelosi confronting Trump Booker: Trump enablers 'will go down in history as despicable actors' MORE on Wednesday backed away from his previous night's reporting on alleged financial ties between President TrumpDonald John TrumpRepublicans aim to avoid war with White House over impeachment strategy New York Times editorial board calls for Trump's impeachment Trump rips Michigan Rep. Dingell after Fox News appearance: 'Really pathetic!' 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.