Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Corporate gatekeepers and big tech monopolists are making it more difficult than ever for independent media to survive. Please chip in today.

Then-Republican presidential nominee Donald Trump delivered remarks with his children—from left, Donald Trump Jr., Ivanka Trump, and Eric Trump—during the grand opening ceremony of the new Trump International Hotel in Washington, D.C. on Oct. 26, 2016. (Photo: Chip Somodevilla/Getty Images)

Then-Republican presidential nominee Donald Trump delivered remarks with his children—from left, Donald Trump Jr., Ivanka Trump, and Eric Trump—during the grand opening ceremony of the new Trump International Hotel in Washington, D.C. on Oct. 26, 2016. (Photo: Chip Somodevilla/Getty Images)

'Nightmare Scenario That Everyone Predicted': As Millions Struggle to Meet Basic Needs, Trump Organization Requests Financial Relief

"I'd be interested in knowing what help Trump and Jared are extending to their tenants as they ask for help themselves."

Julia Conley

While millions of Americans face uunemployment, the loss of health coverage, and difficulty affording necessities over the coming months as a result of the coronavirus pandemic, President Donald Trump's business empire is reportedly seeking relief from outstanding debt and loans.

Trump signed a bill last week approving a one-time, means-tested $1,200 direct payment to some American workers amid the economic crisis that's resulted from the national public health emergency that has seen more than 236,000 people in the U.S. sickened by the coronavirus. According to NBC News, those payments may not get to some households for up to five months from now, and the sum is only expected to support many recipients for about two weeks—once it arrives. 

While millions of Americans struggle to pay rent and bills in the coming weeks and with little assistance being offered across-the-board by the federal government, an increasing number of U.S. residents fear they will be unable to make payments as they wait to return to work.

Meanwhile, according to the New York Times, the Trump Organization has asked its largest creditor, Deutsche Bank, if it can postpone the repayment of some of its loans. The company also requested relief from its monthly payments to Palm Beach County, Florida, for the land on which one of the president's golf courses sits—citing the pandemic.

According to the Times, the president's son, Eric Trump expressed hope that the county and the bank would work with the Trump Organization, which Eric—along with Donald Trump Jr.—has helped run since Trump took office. 

"These days everybody is working together," Eric Trump told the Times. "Tenants are working with landlords, landlords are working with banks. The whole world is working together as we fight through this pandemic."

While the federal government passed a moratorium on evictions for select homeowners and renters as part of the CARES Act, relief has varied from state to state, even though residents of a majority of states have been ordered to stay at home to slow the spread of the virus.

"It's not fair—everything is shut down, you can't work. Our mayor says, 'Stay home, don't go outside,' but we're expected to pay the cost of subsidizing" landlords, Atlanta-based restaurant cook Casey James told the Washington Post Wednesday. "If we're really in this disaster, everything should be frozen." 

Special treatment regarding Trump's company's payments while millions of Americans will be expected to fulfill their financial obligations in the coming weeks is "the nightmare scenario that everyone predicted when Trump refused to divest from his assets," Mother Jones reporter Russ Choma tweeted.

Podcast host Joe Lockhart wondered on Twitter whether Trump's company would allow its own tenants to skip rent payments as a result of the pandemic.

"We have to pay Donald Trump for the privilege of him getting to play golf during work hours at his own clubs, but he doesn't have to pay his own bills," wrote Crooked Media editor Brian Beutler.

Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.

Omar Leads Charge Against Baby Formula Monopolies Amid US Shortage

Democrats urge the FTC to probe "any unfair or unsustainable practices, like deceptive marketing, price gouging, and stock buybacks, that may be weakening our nutritional formula supply."

Jessica Corbett ·

'Arbitrary, Racist, and Unfair': Judge Blocks Biden From Ending Title 42

"Only the coyotes profiteering off of people seeking protection have reason to celebrate this ill-reasoned ruling," said one migrant rights advocate.

Brett Wilkins ·

'This Is a War' for Democratic Party's Future, Says Sanders of AIPAC's Super PAC

"They are doing everything they can to destroy the progressive movement in this country," said the senator.

Julia Conley ·

Ginni Thomas Pressed Arizona Lawmakers to Reverse Biden's 2020 Win: Report

"Clarence Thomas' continued service on the Supreme Court is a scandalous and appalling breach of judicial ethics," said one observer. "He is implementing the exact same theories that his wife used to try to steal the 2020 election for Trump."

Brett Wilkins ·

Millions More Kids Going Hungry Since GOP, Manchin Killed Expanded Child Tax Credit

"Even brief disruptions in access to food can have lasting consequences," wrote the authors of a new analysis of worsening hunger among U.S. families.

Kenny Stancil ·

Common Dreams Logo