The office of New York Attorney General Letitia James announced last night that the state is now investigating the Trump Organization in a criminal capacity and not just for civil violations:

The state will be working with the Manhattan DA’s office on the investigation:

There are questions on what this actually means, however:

The WSJ notes that the NY AG “has limited capacity to investigate crimes”:

The New York attorney general has limited capacity to investigate crimes. Its criminal investigatory authority extends to the sale of securities, labor-law violations and Medicaid fraud, among other matters. It can also be asked to investigate crimes by the head of several New York state agencies, including the New York State Department of Taxation and Finance.

But whatever is going on, “this ups the pressure dramatically on Trump”:

Libs, as you might imagine, are positively giddy at the news:

And here’s former Trump attorney Michael Cohen’s reaction:

Trump’s lawyers did not immediately comment on the story: