Trump was asked whether his personal properties would benefit from a proposed $500 billion Treasury fund for distressed companies. He wasn't able to give a straight answer.
Trump was asked whether his personal properties would benefit from a proposed $500 billion Treasury fund for distressed companies. He wasn't able to give a straight answer.Trump declined for the second time in a row to answer whether his large hotel business could benefit from a proposed government bailout fund.Trump's hotel businesses have weathered closures, layoffs, and a substantial loss of income.
Some ethics experts say that should Trump's hotels accept emergency federal money, it could violate the Constitution.President Trump was asked on Sunday evening whether his hotel businesses would potentially benefit from a proposed $500 billion fund overseen by the Treasury Department to extend emergency funds to large businesses coping with the economic fallout of the coronavirus pandemic.
"I don't know," Trump said."I just don't know what the government assistance would be for what I have. I have hotels. Everybody knew I had hotels when I got elected. They knew I was a successful person when I got elected, so it's one of those things."Trump said he's handed over the daily management of his businesses to his two sons, Donald Trump Jr. and Eric, though he still maintains a personal ownership stake. a massive $1.
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