Trump companies owe $650m

Companies belonging to Donald Trump have at least $650 million in debt, more than twice the amount shown in public filings made by his presidential campaign, the New York Times reported Saturday.
The paper employed a property information firm to search publicly available data on more than 30 US properties connected to the Republican candidate, including offices and golf courses.
In addition to the $650 million liabilities, "a substantial portion of his wealth is tied up in three passive partnerships that owe an additional $2 billion to a string of lenders," the Times said about debt that could significantly affect Trump's wealth.
Meanwhile, Trump sought to reboot his flagging presidential bid, seeking to broaden his shrinking support base by appealing to black voters and visiting flood-ravaged Louisiana.
The resignation of the seasoned Republican strategist Paul Manafort — under fire for his pro-Kremlin ties and role in a Ukrainian corruption scandal — represents the Republican nominee’s latest effort to get back on track after weeks of crisis.
Earlier in the week Trump appointed Steve Bannon, a right-wing news executive, as CEO and promoted pollster Kellyanne Conway to campaign manager, in what has signaled a marked new tone following colossal missteps.
Trump shocked many by expressing “regret” for past mistakes, and began airing his first television ads on Friday in a desperate attempt to chip into Democratic rival Hillary Clinton’s yawning lead in the polls.
The New York billionaire followed up by touring a flood-ravaged region of Louisiana, where officials say more than 86,000 people so far have registered for federal aid and 13 people have died.
Clinton took to Facebook to explain her own absence by saying that while her “heart breaks” for Louisiana, “right now the relief effort can’t afford any distractions.” Local Democratic officials had opposed Trump’s visit, saying it was wrong to divert valuable manpower.
But others in the state have complained that President Barack Obama, currently on holiday in the exclusive New England resort of Martha’s Vineyard, has not visited. He is due to arrive next week.

Source: Arab News