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.
The committee, which recently obtained documents from the General Services Administration, found that Trump reported his hotelbrought in $150 million in income while he served in the White House, but the hotel actually incurred more than $70 million in losses.
"Simply stated, this report is nothing more than continued political harassment in a desperate attempt to mislead the American public and defame Trump in pursuit of their own agenda," the spokesperson added. 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.
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