Trump's Money Troubles

Diane Rehm: On My Mind

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2M ago 35:23

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Donald Trump owes the state of New York almost half-a-billion dollars in fines. This stems from a civil fraud suit that found the Trump Organization engaged in a decades-long conspiracy to lie about the value of their assets.

A deadline to pay is looming and his lawyers say the former president does not have the cash, nor can he find a company to cover the bond.

This comes on top of a 91.6 million dollar fine in the E. Jean Carroll defamation case that he posted earlier this month.

“He had been very glib about saying, oh I can afford it, easy peasy, I’m super rich,” says Edward Luce, U.S. editor and columnist for the Financial Times. “It turns out he obviously doesn’t have anything like that.”

Luce joins Diane on this episode of On My Mind to talk about Trump’s finances and what these legal penalties could mean for him and his candidacy.

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