President Trump faces an increasingly challenging financial future after he leaves the White House on Wednesday.
Trump is on the hook for hundreds of millions of dollars of debt, most of it due within the next four years, and the legacy of his presidency may leave him with few options to pay it off.
In the wake of the Capitol riots, the New York City government and the PGA of America backed away from business arrangements with the Trump Organization, sapping future income from the debt-laden president. Three banks have announced they’re cutting ties with him — including Deutsche Bank, his biggest creditor — limiting his ability to refinance debt. Continue reading.