House Oversight and Reform Cmte. says former President Trump provided “misleading information about the financial situation” of his hotel in Washington while he was in office.
When Trump first applied to lease the Old Post Office Building in 2011 for his hotel, he also provided the federal government with information that the committee said “appeared to conceal certain debts.” Records show Trump specifically didn’t show outstanding balances for properties he owned in other major cities like New York, Chicago and Las Vegas, the panel said.
The committee also said the newly obtained documents show that from 2017 through 2020, the Trump International Hotel in D.C. received about $3.7 million in payments from foreign governments, which it said raises “concerns about possible violations of the Constitution’s ForeignWhile he served in the White House, Trump also received “a significant financial benefit” from Deutsche Bank that allowed him to 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 was president,” the committee said. Rep. Carolyn Maloney, D-N.Y., chairwoman of the committee, said Friday that her panel will continue to pursue its probe of Trump’s lease of the property. The committee has been investigating the issue since Trump was in office.
“For too long, the president has used his complex network of business holdings to hide the truth about his finances,” Maloney said. “The committee will continue to vigorously pursue its investigation until the full truth comes to light so that Congress can address the unresolved ethics crisis left by Trump and prevent future presidents from profiting off of the presidency.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump to invoke executive privilege in Jan. 6 House probeDonald Trump intends to assert executive privilege in a congressional investigation into the Jan. 6 insurrection at the Capitol, a move that could prevent the testimony of onetime aides, according to a letter on behalf of the former president. The letter went to at least some witnesses who were subpoenaed by the House committee and it makes clear that Trump plans to invoke privileges meant to protect presidential communications from being shared with Congress. The substance of the letter from a lawyer for Trump was described Thursday by a person familiar with it who spoke on condition of anonymity to The Associated Press because the letter was not yet public.
Read more »
Trump to invoke executive privilege in January 6 House probeThe letter went to at least some witnesses who were subpoenaed by the House committee and it makes clear that Trump plans to invoke privileges meant to protect presidential communications from being shared with Congress.
Read more »
Trump indicates he will try to assert executive privilege to prevent House investigators from getting informationFormer President Donald Trump indicated on Thursday that he will try to assert executive privilege to prevent a House committee investigating the January 6 insurrection at the US Capitol from getting information from certain witnesses.
Read more »
US House panel examines Arizona election review effectsDemocratic members of a U.S. House committee on Thursday questioned Arizona officials on the potential damage that a partisan review of the state's 2020 election results had on trust in American elections. Two Republican leaders of the county subjected to the recount that ended last month and showed that now- President Joe Biden beat Donald Trump testified in Washington that they believed the damage was severe. “This is without a doubt the biggest threat to our democracy in my lifetime,' Maricopa County Supervisor Bill Gates told the House Committee on Oversight and Reform.
Read more »
White House pitches Senate Democrats: Social policy bill needed to counter ChinaThe White House is pitching Democrats on its massive social spending plan by appealing to a desire on Capitol Hill and around the country to combat the rise of China.
Read more »