The Trump Organization has so far been able to pay rent for the Trump International Hotel in Washington, D.C., despite facing the expected financial struggles brought on by by the coronavirus pandemic. Still, given the precarious situation, President Trump's sons Eric and Donald Jr., who are running the business while their father is in the Oval Office, have reportedly checked in with the federal government for some financial assistance down the line.
The Trump Organization owns and operates the hotel, but the Pennsylvania Ave. building is owned by the federal government, so the General Services Administration receives monthly payments from the company, which began a 60-year lease in 2013. Eric Trump confirmed with The New York Times that he's started a conversation with the G.S.A. about future rent delays, though he said he wants the company to be treated the "same" as other tenants. "Whatever that may be is fine," he said in a statement Tuesday.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
-
Visa and Mastercard agree to lower swipe feesSpeed Read The companies will cap the fees they charge businesses when customers use their credit cards
-
Reddit IPO values social media site at $6.4 billionSpeed Read The company makes its public debut on the New York Stock Exchange
-
Housing costs: the root of US economic malaise?speed read Many voters are troubled by the housing affordability crisis
-
Feds cap credit card late fees at $8speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
