{"id":22871,"date":"2020-04-04T08:36:18","date_gmt":"2020-04-04T03:06:18","guid":{"rendered":"https:\/\/kashmir.today\/u-s-presidents-family-firm-faces-financial-woes\/"},"modified":"2020-04-04T08:36:18","modified_gmt":"2020-04-04T03:06:18","slug":"u-s-presidents-family-firm-faces-financial-woes","status":"publish","type":"post","link":"https:\/\/kashmir.watch\/?p=22871","title":{"rendered":"U.S. President\u2019s family firm faces financial woes"},"content":{"rendered":"\n<p><em>It seeks delay in loan repayment<\/em><\/p>\n\n\n\n<p><em><a href=\"https:\/\/www.thehindu.com\/news\/international\/us-presidents-family-firm-faces-financial-woes\/article31251891.ece\">AFP<\/a><\/em><\/p>\n\n\n\n<p>U.S. President Donald Trump\u2019s family company is asking creditors such as Deutsche Bank if it can delay loan payments as the economic impact of the coronavirus (COVID-19) pandemic deepens, The New York Times reported Thursday.<\/p>\n\n\n\n<p>The Trump Organization \u2014 the conglomerate of companies created by Mr. Trump and now run by his sons \u2014 is, like many others, losing money as the restrictions put in place to lessen the spread of deadly COVID-19 bring the U.S. to a grinding halt.<\/p>\n\n\n\n<p>The NYT said the company contacted Deutsche Bank, seen as the only major lender willing to do business with the company, at March-end for extension of some repayment deadlines. \u201cThese days, everybody is working together,\u201d Mr. Trump\u2019s son Eric, the Organization\u2019s executive vice president, said.<\/p>\n\n\n\n<p>The Trump Organization still owes Deutsche Bank several hundred million dollars, according to the Times.<\/p>\n\n\n\n<p>The group also contacted Palm Beach County to see if it could suspend rent payments on the Trump International Golf Club, a 27-hole course and clubhouse on more than 120 hectares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It seeks delay in loan repayment AFP U.S. President Donald Trump\u2019s family company is asking creditors such as Deutsche Bank if it can delay loan payments as the economic impact of the coronavirus (COVID-19) pandemic deepens, The New York Times reported Thursday. The Trump Organization \u2014 the conglomerate of companies created by Mr. Trump and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20785,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-22871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"_links":{"self":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/22871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22871"}],"version-history":[{"count":0,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/22871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}