Trump cuts sentence for Illinois ex-gov. Blagojevich, pardons Michael Milken

Blagojevich, who appeared on Trump's "Celebrity Apprentice" reality television show in 2010 while awaiting trial, had been serving a 14-year sentence after being convicted of wire fraud, extortion and soliciting bribes while governor.

Trump also announced that he had pardoned former "junk bond" financier Michael Milken.