Business Insider - President Donald Trump may have fabricated a loan to avoid paying taxes on nearly $50 million of income, Mother Jones reported in a bombshell investigation. The controversy appears to be related to the Trump International Hotel
and Tower in Chicago and a shadowy shell company Trump owns called
Chicago Unit Acquisition LLC. Media reports have found that the company
does not earn revenue and is essentially worthless. Trump has said on
his financial-disclosure forms that he owes more than $50 million to the
company, which he controls.
Donald Trump reportedly ordered a Coast Guard rear admiral to give a statement in which he effectively took the blame for the US president’s misleading claims about the chances of a hurricane striking Alabama.
Farm loan delinquencies rose to a record high in June at Wisconsin’s community banks, data showed, a sign President Donald Trump’s trade conflicts with China and other countries are hitting farmers hard in a state that could be crucial for his chances of re-election in 2020.
President Trump is strongly considering a plan to revoke California’s legal authority to set state tailpipe pollution standards that are stricter than federal regulations, according to three people familiar with the matter.
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