THE NEW YORK TIMES: Baseless election fraud claims and the Capitol riot have compounded already-looming threats to his bottom line. And the cash lifelines he once relied on are gone.
Not long after he strides across the White House grounds Wednesday morning for the last time as president, Donald J. Trump will step into a financial minefield that appears to be unlike anything he has faced since his earlier brushes with collapse.
The tax records that he has long fought to keep hidden, revealed in a New York Times investigation last September, detailed his financial challenges:
Many of his resorts were losing millions of dollars a year even before the pandemic struck. Hundreds of millions of dollars in loans, which he personally guaranteed, must be repaid within a few years. He has burned through much of his cash and easy-to-sell assets. And a decade-old I.R.S. audit threatens to cost him more than $100 million to resolve. » | Russ Buettner and Susanne Craig | Tuesday, January 19, 2021
