Trump family facing cash crunch as lenders say they are wary of dealing with ousted president: WSJ
According to a report from the Wall Street Journal, Donald Trump will be walking into a financial morass when he leaves office and resumes control of the Trump Organization that is deeply in debt and will likely see revenues decrease with the president no longer able to count on tax dollars flowing into his properties to pay for his entourage when he visits.
With the New York Times previously reporting that the president is facing over $400 million in debt coming due soon — some of it personally guaranteed by Trump — the Journal is reporting a cash crunch may force the family to sell off some properties to retire debt at a time when lenders will likely keep their distance with the Trump Organization facing investigations in New York.
MORE Trump family facing cash crunch as lenders say they are wary of dealing with ousted president: WSJ – Raw Story