President Donald Trump’s Washington hotel lost almost $1.2 million during its first two months of operation, before he was elected president, according to a letter released Monday by four congressional Democrats.
Deutsche Bank AG sought an unusual provision in its $7.2 billion mortgage-bond settlement with the U.S. government, and seems to have won it: the bank can pay down part of its penalty by lending money to fund managers.
President-elect Donald Trump railed against his main political opponent for allowing a tax break that lets some investment managers pay lower tax rates than average workers. After he takes office, he may have no one to blame but himself.
Trump, the first builder ever to occupy the White House, is stirring hope in the hearts of developers like Huffines that America’s lost decade for home construction will end in a flurry of regulatory cuts.
Lampert, the Sears president, chief executive officer, top shareholder and, through his hedge fund, owner of about $900 million in Sears debt, has almost singlehandedly bought time for his struggling retailer.
The 263-room hotel, located on the historic site of the city’s former main post office, opened in October following a $212 million renovation of the 1899 structure. The liens were filed in November and December.