Donald Trump may need his own bailout.
As the economy continues to shut down, the president refused to officially rule out the possibility that his own family company, The Trump Organization, may have to make use of federal funds to stay afloat.
“I don’t know,” Trump said when asked if his business would accept stimulus money. “I just don’t know what the government assistance would be for what I have. I have hotels. Everybody knew I had hotels when I got elected. They knew I was a successful person when I got elected, so it’s one of those things,” he said Saturday at his daily coronavirus briefing.
Trump said his business — like many others in the hospitality industry — has been negatively affected by the downturn.
“Is it hurting me? Yeah,” he said. “It’s hurting everybody.”
Trump said that while he often speaks to his sons, who currently run the family business, he has never provided them inside information.
Since declaring a state of emergency on March 13, Trump and state governments have moved to shut down large sectors of the economy to stop the spread of the deadly coronavirus.
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