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NYT: Trump Organization Nearly Collapsed in 1980s

HeadlineOct 04, 2016

This comes as a New York Times investigation reveals the Trump Organization came incredibly close to collapse in the 1980s, leading Trump to amass $3.4 billion in debt by 1990. The following year, the Casino Control Commission determined “Mr. Trump cannot be considered financially stable,” although the agency allowed Trump to continue operating his casinos. The Times investigation draws on newly revealed tax returns showing Trump claimed an income tax loss of nearly $917 million in 1995. Trump has refused to release his full tax returns. We’ll have more on Donald Trump’s financial record after headlines with Pulitzer Prize-winning journalists David Barstow and David Cay Johnston.

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