News

Trump Claims He Loses “Massive Amounts Of Money” While Being President

President Donald Trump claimed in an interview last week that he has “lost massive amounts of money” while serving as the country’s leader.

On Thursday, The New York Times released an interview in which Trump scoffed at the notion that he has financially benefited from being president.

“This is not the money,” Trump told the Times. “This is one of the great losers of all time.”

The president added that despite what he considers to be substantial financial losses, he believes he is still economically secure.

Subscribe to our free weekly newsletter!

A week of political news in your in-box.
We find the news you need to know, so you don't have to.

“You know, fortunately, I don’t need money,” Trump added. ”This is one of the great losers of all time. But they’ll say that somebody from some country stayed at a hotel. And I’ll say, ‘Yeah.’ But I lose, I mean, the numbers are incredible.”

SLIDESHOW: DONALD TRUMP’S 30 CRAZIEST TWEETS

During the interview, Trump also fought speculation that he may not run for a second term in 2020.

“I love this job,” he said.

Trump, his administration and his businesses and organizations — including the now-defunct New York-based Trump Foundation — have been the subject of multiple investigations in recent months. His inaugural committee has also been probed for allegedly receiving hefty donations from foreign entities, and for alleged room rentals by Saudis and other foreign dignitaries who at the Trump International Hotel in Washington, D.C. just weeks after the 2016 election.

Adding to all this is special counsel Robert Mueller‘s ongoing inquiry into Russian interference in 2016, including potential collusion between Trump campaign officials and the Kremlin.

Trump has also yet to release his tax returns, although the Democratic-controlled House of Representatives has been seeking to obtain them since last month.

Just weeks ago, a watchdog organization called Citizens for Responsibility and Ethics in Washington (CREW) estimated that Trump has had more than 1,400 conflicts of interest since taking office two years ago.

Trump has placed many of business holdings in a trust led by his oldest two sons, Eric Trump and Donald Trump Jr. 

Pablo Mena

Writer for upolitics.com. NY Giants and Rangers fan. Film and TV enthusiast (especially Harry Potter and The Office) and lover of foreign languages and cultures.

Recent Posts

Federal Trade Commission Votes To Ban Noncompete Agreements

On Tuesday, the Federal Trade Commission (FTC) banned noncompete agreements in a 3-2 vote. The…

2 days ago

California Bill Would Prevent CLEAR Passengers From Line-Jumping At Airports

A proposed bill in California would prohibit security screening company CLEAR from skipping the general…

3 days ago

Supreme Court Seems Receptive To Laws That Allow Restrictions On Homeless

On Monday, the Supreme Court heard oral arguments over a challenge to a law allowing…

4 days ago

Arizona Republicans Block Bill To Repeal Abortion Ban On State House Floor

The Arizona House of Representatives failed to advance a repeal of the state's 160-year-old abortion…

5 days ago

After Oregon Recriminalizes Drug Possession, What’s Next For The State’s Drug Policy

Oregon Gov. Tina Kotek (D) signed a bill restoring criminal charges in cases of hard drug possession.…

1 week ago

Biden’s New Regulation Will Limit Toxic Chemicals In Drinking Water Across The Country

President Joe Biden's administration announced the first-ever national limits on toxic "forever chemicals" in drinking water. This…

1 week ago