Latest Weather Blog
Trump says report he lost over $1B 'inaccurate'
WASHINGTON (AP) - President Donald Trump says a New York Times report that his businesses lost more than $1 billion from 1985 to 1994 is "highly inaccurate."
The newspaper, citing information from Trump's tax transcripts, reported business losses of $46.1 million in 1985, and a total of $1.17 billion in losses for the 10-year period. Trump tweeted Wednesday that real estate developers during that period were "entitled to massive write-offs and depreciation" that would "show losses and tax losses in almost all cases."
He tweeted that much of those losses were "non monetary." Trump said, "You always wanted to show losses for tax purposes" and "renegotiate with banks." Trump called that "sport."
He said the Times story was based on "very old information" and a "highly inaccurate Fake News hit job!"
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Four arrested after man was kidnapped, shot and left to die in...
Missing woman now presumed dead after Sunday boat crash in Mississippi River
Hundreds honored during Memorial Day ceremony at Louisiana National Cemetery
Burning car shuts down I-12 East near Millerville Road
Mississippi River boat crash leaves one injured, one missing
LSU president reminisces during team trip to DC
Southern baseball sweeps Arkansas-Pine Bluff to finish out regular season
A candid conversation with Kim Mulkey - Watch the half-hour special on...
Channel 2's Best Bet$: NBA Playoffs
Weeks after selection in WNBA draft, LSU Tigers cut from pro teams