The adult-film star and director is being threatened with financial ruin, but she wants to set the record straight about her alleged affair with Donald Trump.

A week and a half before the 2016 election, Donald Trump's personal attorney paid a porn star named Stormy Daniels to keep quiet about her alleged relationship with the Republican candidate for president. Today, that arrangement is well on its way to becoming the most talked-about "hush agreement" in history, with potential legal and political implications for the president. Through his spokesman, Mr. Trump has denied having an affair with Stormy Daniels, and his lawyers are now threatening her with financial ruin, saying she has to pay $1 million dollars every time she violates her agreement to stay silent. But that didn't stop her from coming on 60 Minutes.

Read the full interview transcript below:

Anderson Cooper: For sitting here talking to me today you could be fined a million dollars. I mean, aren't you taking a big risk?

Stormy Daniels: I am.

Anderson Cooper: I guess I'm not 100% sure on why you're doing this.

Stormy Daniels: Because it was very important to me to be able to defend myself.

Anderson Cooper: Is part of talking w-- wanting to set the record straight?

Stormy Daniels: 100%.

Anderson Cooper: Why does the record need to be set straight?

Stormy Daniels: Because people are just saying whatever they wanted to say about me, I was perfectly fine saying nothing at all, but I'm not okay with being made out to be a liar, or people thinking that I did this for money and people are like, "Oh, you're an opportunist. You're taking advantage of this. Yes, I'm getting more job offers now, but tell me one person who would turn down a job offer making more than they've been making, doing the same thing that they've always done?

Anderson Cooper: A lotta people are using you for a lotta different agendas.

Stormy Daniels: They're trying to. Like, oh, you know, Stormy Daniels comes out #MeToo. This is not a 'Me Too.' I was not a victim. I've never said I was a victim. I think trying to use me to-- to further someone else's agenda, does horrible damage to people who are true victims.

Stormy Daniels' real name is Stephanie Clifford. She's 39 years old, from Baton Rouge, Louisiana, and has been acting in, directing, and writing adult films for nearly 20 years. She was one of the most popular actresses in the adult industry when she was introduced to Mr. Trump at a celebrity golf tournament in Lake Tahoe in July, 2006. She says he invited her to dinner, and she met him at his hotel suite.

Anderson Cooper: How was the conversation?

Stormy Daniels: Ummm (LAUGH) it started off-- all about him just talking about himself. And he's like-- "Have you seen my new magazine?"

Anderson Cooper: He was showing you his own picture on the cover of a magazine.

Stormy Daniels: Right, right. And so I was like, "Does this-- does this normally work for you?" And he looked very taken-- taken back, like, he didn't really understand what I was saying. Like, I was, "does, just, you know, talking about yourself normally work?" And I was like, "Someone should take that magazine and spank you with it." (LAUGH) And I'll never forget the look on his face. He was like--

Anderson Cooper: What-- what was his look?

Stormy Daniels: Just, I don't think anyone's ever spoken to him like that, especially, you know, a young woman who looked like me. And I said, you know, "Give me that," and I just remember him going, "You wouldn't." "Hand it over." And-- so he did, and I was like, "turn around, drop 'em."

Anderson Cooper: You-- you told Donald Trump to turn around and take off his pants.

Stormy Daniels: Yes.

Anderson Cooper: And did he?

Stormy Daniels: Yes. So he turned around and pulled his pants down a little -- you know had underwear on and stuff and I just gave him a couple swats.

Anderson Cooper: This was done in a joking manner.

Stormy Daniels speaks with correspondent Anderson Cooper CBS NEWS

Stormy Daniels: Yes. And-- from that moment on, he was a completely different person.

Anderson Cooper: How so?

Stormy Daniels: He quit talking about himself and he asked me things and I asked him things and it just became like more appropriate.

Anderson Cooper: It became more comfortable.

Stormy Daniels: Yeah. He was like, "Wow, you-- you are special. You remind me of my daughter." You know-- he was like, "You're smart and beautiful, and a woman to be reckoned with, and I like you. I like you."

Anderson Cooper: At this point was he doing The Apprentice?

Stormy Daniels: Yes. And he goes, "Got an idea, honeybunch. Would you ever consider going on and-- and being a contestant?" And I laughed and-- and said, "NBC's never gonna let, you know, an adult film star be on." It's, you know, he goes, "No, no," he goes, "That's why I want you. You're gonna shock a lotta people, you're smart and they won't know what to expect"

Anderson Cooper: Did you think he was serious, or did you think he was kind of dangling to get you to wanna be involved him?

Stormy Daniels: Both.

Anderson Cooper: Melania Trump had recently given birth to-- to a son, just a few months before. Did that-- did he mention his wife or child at all in this?

Stormy Daniels: I asked. And he brushed it aside, said, "Oh yeah, yeah, you know, don't worry about that. We don't even-- we have separate rooms and stuff."

Anderson Cooper: Did you two go out for dinner that night?

Stormy Daniels: No.

Anderson Cooper: You had dinner in the room?

Stormy Daniels: Yes.

Anderson Cooper: What happened next?

Stormy Daniels: I asked him if I could use his restroom and he said, "Yes, you know, it's through those-- through the bedroom, you'll see it." So I-- I excused myself and I went to the-- the restroom. You know, I was in there for a little bit and came out and he was sitting, you know, on the edge of the bed when I walked out, perched.

Anderson Cooper: And when you saw that, what went through your mind?

Stormy Daniels: I realized exactly what I'd gotten myself into. And I was like, "Ugh, here we go." (LAUGH) And I just felt like maybe-- (LAUGH) it was sort of-- I had it coming for making a bad decision for going to someone's room alone and I just heard the voice in my head, "well, you put yourself in a bad situation and bad things happen, so you deserve this."

Anderson Cooper: And you had sex with him.

Stormy Daniels: Yes.

Anderson Cooper: You were 27, he was 60. Were you physically attracted to him?

Stormy Daniels: No.

Anderson Cooper: Not at all?

Stormy Daniels: No.

Anderson Cooper: Did you want to have sex with him?

Stormy Daniels: No. But I didn't-- I didn't say no. I'm not a victim, I'm not--

Anderson Cooper: It was entirely consensual.

Stormy Daniels: Oh, yes, yes.

Anderson Cooper: You work in an industry where condom use is-- is an issue. Did-- did he use a condom?

Stormy Daniels: No.

Anderson Cooper: Did you ask him to?

Stormy Daniels: No. I honestly didn't say anything.

Anderson Cooper: After you had sex, what happened?

Stormy Daniels: He said that it was great, he had-- a great evening, and it was nothing like he expected, that I really surprised him, that a lotta people must underestimate me-- that he hoped that I would be willing to see him again and that we would discuss the things we had talked about earlier in the evening.

Anderson Cooper: Being on The Apprentice.

Stormy Daniels: Right.