The U.S. government has paid at least $970,000 to President Trump’s company since Trump took office — including payments for more than 1,600 nightly room rentals at Trump’s hotels and clubs, according to federal records obtained by The Washington Post.
Since March, The Post has catalogued an additional $340,000 in such payments. They were almost all related to trips taken by Trump, his family and his top officials. The government is not known to have paid for the rooms for Trump and his family members at his properties but it has paid for staffers and Secret Service agents to accompany the president.
The payments create an unprecedented business relationship between the president’s private company and his government — which began in the first month of Trump’s presidency, and continued into this year, records show.
The records show that taxpayers have now paid for the equivalent of more than four years’ worth of nightly rentals at Trump properties, including 950 nights at Trump’s golf club in Bedminster, N.J., and 530 nights at the president’s Mar-a-Lago Club in Florida, according to a Post analysis.
May 14, 2020
Deutsche Bank has declined a request by prominent U.S. senators to provide information about the German lender’s recent business dealings with President Donald Trump and his family, according to a letter this week seen by Reuters.
Four Democratic senators, led by Elizabeth Warren, earlier this month demanded here details from Deutsche’s chief executive, Christian Sewing, about the bank’s interaction this year with Trump and his family’s companies.
The bank is one of the largest creditors for Trump’s hotels, golf courses and other properties, according to filings. The senators are concerned that the bank may be giving the family preferential treatment on loan repayments in the wake of the coronavirus outbreak as Deutsche itself remains under investigation by the U.S. Department of Justice.
April 25, 2020
But Trump himself is tens of millions of dollars in debt to China: In 2012, his real estate partner refinanced one of Trump’s most prized New York buildings for almost $1 billion. The debt includes $211 million from the state-owned Bank of China — its first loan of this kind in the U.S. — which matures in the middle of what could be Trump’s second term, financial records show.
Steps from Trump Tower in Manhattan, the 43-story 1290 Avenue of the Americas skyscraper spans an entire city block. Trump owns a 30 percent stake in the property valued at more than $1 billion, making it one of the priciest addresses in his portfolio, according to his financial disclosures.
Trump’s ownership of the building received a smattering of attention before and after his 2016 campaign. But the arrangement with the Bank of China — and its impending due date in 2022 — has gone largely unnoticed.
April 24, 2020
New York Times
President Trump’s signature hotel in the nation’s capital wants a break on the terms of its lease. The landlord determining the fate of the request is Mr. Trump’s own administration.
Trump International Hotel, just a few blocks from the White House, had been a favored gathering place for lobbyists, foreign dignitaries and others hoping to score points with the president. But like most hotels, it is now nearly empty and looking to cut costs because of the coronavirus pandemic.
In recent weeks, the president’s family business has inquired about changing its lease payments, according to people familiar with the matter, which the federal government has reported amount to nearly $268,000 per month.
April 21, 2020