Blaming the political climate, Trump Organization shelves plan for 2 new hotel chains

The Trump Organization announced Thursday it won't be rolling out its new budget and mid-priced hotel brands, Scion and American Idea, after all, The Associated Press reports.

President Trump's sons Donald Trump Jr. and Eric Trump are now running the company, and in a statement, Eric Trump blamed the failure to launch on "fake news" and "Democrats who are only interested in presidential harassment and wasting everyone's time, barraging us with nonsense letters. We already have the greatest properties in the world and if we have to slow down our growth for the time being, we are happy to do it."

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.