Trump Organization Refutes House Democrat Report on Trump’s Finances

The Trump Organization denied on Jan. 4 that former President Donald Trump improperly profited from his presidency, describing House Democrats’ claims to the contrary as “insane.”

A new report published by the Democrats on the House Oversight Committee asserts that the 45th president’s businesses took in at least an estimated $7.8 million from 20 foreign governments—including those of China, Saudi Arabia, the United Arab Emirates, and others—during his term, in violation of the Constitution.

The outlined payments mostly included spending on rent at Trump Tower and Trump World Tower—both in New York—and on stays at the Trump International Hotels in Washington and Las Vegas.

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