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. | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Give that help to all companies with 2 conditions never had a chapter 11 and owners show tax returns 😉

So what no one cares right now we are in crisis modehis businesses have every right to the same kind of treatment other businesses are getting this media needs to take a seat

He'll learn how to spell emoluments when it shows up on an indictment.

They should be allowed to. 100%

well, make America DIG again

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines