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Trump’s DC hotel has already lost over $1 million since opening: report

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According to a letter issued by Democratic members of the House Oversight Committee, President Donald Trump’s newly opened Trump International Hotel in Washington D.C. has lost more than $1 million in net income in its first two months of operation.

The financial figures are contained in a letter from Elijah Cummings (D-MD), the ranking member on the committee, which also notes that reported revenues are $2 million less than estimates provided to the General Services Administration by the Trump Organization when they took over the property.

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According to the DCist, Trump International, located in the Old Post Office, has been a major object of concern for Democrats as a conflict of interest for the new president who agreed to the lease in 2012, well before he ran for president.

In the letter, the Democrats once again expressed dismay that Trump has not severed his organization from the hotel which may place him in violation of the Emoluments Clause in the U.S. Constitution.

“Our hope has always been that President Trump would resolve these breach-of-lease and conflict of interest issues prior to being sworn in as President on January 20,” the letter said. “Unfortunately, President Trump has refused to address these concerns, and taxpayer dollars may now be squandered as career public servants are forced to take remedial action to cure this breach.”

Trump International opened to great fanfare, with then candidate Trump hosting a press conference at the hotel that he quickly turned into a ad for it.

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Last week, newly anointed White House Press Secretary once again promoted the hotel in his official capacity as Trump’s spokesperson.

 

 

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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‘Same lies, but she gets to sit’: Sarah Sanders roasted for taking Fox News job weeks after resigning as top Trump flack

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Former White House Press Secretary Sarah Huckabee Sanders, whose dishonesty was so infamous that it even earned a mention in special counsel Robert Mueller's report on Russian interference in the 2016 presidential election, is taking a job at Fox News.

According to journalist Yashar Ali, Sanders has been hired as a contributor and "she'll be making her debut September 6th on Fox & Friends."

NEWS: @SarahHuckabee is joining the Fox News Channel as a contributor.

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‘Hypocritical’ Republicans busted for disappearing now that Trump has exploded the deficit

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In a "Reality Check" segment on CNN on Thursday morning, contributor John Avlon called out GOP fiscal hawks who have suddenly disappeared from the public square now that a Republican president has exploded the national debt.

Introduced by host John Berman, who asked, "This morning new numbers from the Congressional Budget Office (CBO) confirm it: The national debt and deficit are much worse than thought. So where is the party of fiscal responsibility in times like these?" Avlon broke it down.

"While President Trump was busy proclaiming himself 'the chosen one,' you might have missed more bad news in the form of data," Avlon smirked. "Brand new CBO numbers shows the budget deficit is skyrocketing, projected to rise 25 percent over last year and heading to over $1 trillion next year. Tax revenues are $430 billion below where they were expected to be before the Trump tax cuts while spending in is in drunken sailor territory adding $1.7 trillion in the next decade."

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Man claiming to be the messiah and ranting about mental illness arrested as potential mass shooter

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A Pennsylvania man ranting about being the second coming of Christ and mental health was arrested as a potential mass shooter just hours before President Donald Trump made similar claims from the White House.

Police said Edwin Leech walked into the Victory Family Church in Cranberry Township shortly after 6 a.m. during a special "21 Days of Prayer" service and sat down among the worshipers, who were alarmed by some of his questions, reported KDKA-TV.

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