WASHINGTON (AP) — Revelations that President Donald Trump is personally liable for more than $400 million in debt are casting a shadow over his presidency that ethics experts say raises national security concerns he could be manipulated to sway U.S. policy by organizations or individuals he’s indebted to.
New scrutiny of Trump, who claims great success as a private businessman, comes after The New York Times reported that tax records show he is personally carrying a staggering amount of debt — including more than $300 million in loans that will come due in the next four years.
Sen. Elizabeth Warren, D-Mass., was blunt about the potential implications. “He may be vulnerable to financial blackmail from a hostile foreign power and God knows what else,” said Warren, a frequent Trump critic.
The Times said the tax records also show that Trump did not pay any federal income taxes in 11 years