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Trump angrily insists losing $1 billion in 10 years was just ‘sport’ after bombshell report busts his taxes

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President Donald Trump offered angry excuses for the staggering losses revealed in his tax returns from more than two decades ago.

The New York Times obtained tax returns showing that Trump lost more than $1 billion between 1985 to 1994, but the president insists the reports were “highly inaccurate” — while also claiming he manipulated his reported income to pay lower taxes.

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“Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases,” Trump tweeted. “Much was non monetary. Sometimes considered ‘tax shelter,’ you would get it by building, or even buying.”

“You always wanted to show losses for tax purposes,” he added, “almost all real estate developers did – and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!”

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Trump welcomed Russia’s Sergey Lavrov to the White House — to humiliate us all

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Despite the fact that President Donald Trump still refuses to have Ukrainian President Volodymyr Zelensky to Washington for an officials meeting — a topic at the center of the scandal driving Trump’s impeachment — the White House hosted Russian Foreign Minister Sergey Lavrov on Monday.

And while Lavrov was honored with his second private Oval Office meeting (the first one was a cataclysmic disaster) and a press conference with Secretary of State Mike Pompeo, the foreign minister took his opportunity here to repeatedly humiliate the United States.

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United States, Mexico, Canada finalize Donald Trump’s USMCA trade deal

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The United States, Mexico and Canada signed a deal Tuesday to finalize their new trade agreement, paving the way to ratification after more than two years of arduous negotiations.

However, the impeachment trial of President Donald Trump in the US Senate would likely delay Congressional ratification of the agreement until next year, said Senate Majority Leader Mitch McConnell.

In reality, it is the second time the three countries have triumphantly announced the conclusion of the United States-Mexico-Canada Agreement (USMCA), the deal meant to replace the 25-year-old NAFTA, which President Donald Trump complains has been "a disaster" for the US.

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WATCH: Maddow hilariously recaps Trump’s ‘shenanigans in the Oval Office’ with the Russian foreign minister

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MSNBC anchor Rachel Maddow on Tuesday examined President Donald Trump's meeting with Russian Federation Foreign Minister Sergey Lavrov -- on the same day that the House of Representatives unveiled articles of impeachment against the commander-in-chief.

Following the meeting, Lavrov trolled Trump on the issues of foreign election interference and Trump's habit of revealing classified intelligence.

"Given that, given the way the president is being impeached for having done all those things to Ukraine in and way that undermined our alliance with them and specifically their fight against Russian aggression -- which has, you know, led to a five-year-long war in Ukraine -- I mean given the fact he's being impeached for undermining Ukraine in its war against Russia, this is heck of a day to choose to have the Russian foreign minister sitting on your lap in the Oval Office," Maddow said.

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