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Pedestrians pass the Trump global Hotel in Washington, D.C., in 2016.Bill O'Leary / The Washington write-up via Getty photos file
WASHINGTON — former President Donald Trump listed “misleading information around the gaue won situation” of his hotel in Washington if he remained in office, follow to the residence Oversight and also Reform Committee.
The committee, i m sorry recently acquired documents from the basic Services Administration, discovered that Trump report his hotel in downtown D.C. Lugged in $150 million in revenue while he served in the White House, but the hotel actually incurred an ext than $70 million in losses.
“By filing these misleading windy disclosures, chairman Trump grossly exaggerated the financial health and wellness of the trump card Hotel,” the committee claimed Friday in a news release.
In a statement, a spokesperson because that the trumped Organization called the committee"s assertions "intentionally misleading, irresponsible and unequivocally false" and also said the previous president"s company had rescued a "crumbling asset which to be costing American taxpayers countless dollars each year."
"Simply stated, this report is nothing more than ongoing political harassment in a desperate attempt to mislead the American public and also defame trump card in quest of their own agenda," the spokesperson added.
When Trump an initial applied come lease the Old post Office building in 2011 for his hotel, the also detailed the federal government with details that the committee stated “appeared to conceal details debts.” Records display Trump particularly didn’t show outstanding balances for properties he own in other major cities like brand-new York, Chicago and also Las Vegas, the panel said.
The committee likewise said the newly derived documents present that indigenous 2017 through 2020, the Trump international Hotel in D.C. Received around $3.7 million in payment from international governments, which it said raises “concerns about feasible violations that the Constitution’s international Emoluments Clause.”
While he served in the White House, Trump additionally received “a far-reaching financial benefit” indigenous Deutsche bank that allowed him come postpone making payments on the $170 million loan for the hotel, the committee said.
“Mr. Trump did not publicly disclose this significant benefit from a foreign bank while he to be president,” the committee said.
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Rep. Carolyn Maloney, D-N.Y., chairman of the committee, said Friday that her dashboard will continue to seek its probe of Trump’s lease of the property. The committee has been investigate the issue because Trump remained in office.
“For also long, the president has actually used his complicated network of service holdings come hide the truth about his finances,” Maloney said. “The committee will proceed to vigorously pursue its examination until the full truth involves light so that Congress can attend to the unresolved ethics crisis left through Trump and also prevent future presidents indigenous profiting off of the presidency.”