Trump D.C. hotel lost more than $70 million during presidency, lawmakers say

Former President Donald Trump's Washington, D.C., hotel lost more than $70 million in the four years he was in the White House, according to a House committee. Trump on his federally mandated financial disclosures reported that the hotel earned him more than $150 million during his time in office, noted the House Oversight and Reform Committee on Friday. Records obtained by the panel, meanwhile, showed that net losses exceeded $70 million. Lawmakers also said the former president got a "significant financial benefit" related to the hotel from Deutsche Bank that he did not disclose during his term. Rep. Carolyn Maloney of New York, the committee's chairwoman, said her panel will investigate further. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Trump D.C. hotel lost more than $70 million during presidency, lawmakers say
Former President Donald Trump's Washington, D.C., hotel lost more than $70 million in the four years he was in the White House, according to a House committee. Trump on his federally mandated financial disclosures reported that the hotel earned him more than $150 million during his time in office, noted the House Oversight and Reform Committee on Friday. Records obtained by the panel, meanwhile, showed that net losses exceeded $70 million. Lawmakers also said the former president got a "significant financial benefit" related to the hotel from Deutsche Bank that he did not disclose during his term. Rep. Carolyn Maloney of New York, the committee's chairwoman, said her panel will investigate further. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.