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Trump’s Court Fine Tests His ‘King of Debt’ Title

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“Donald Trump dubbed himself the ‘King of Debt’ when boasting about how his business empire survived hard times, but a pair of big trial court losses this year are putting that moniker to the test,” Bloomberg reports.

“The former president owes about $540 million from two recent verdicts, a number that exceeds even some of the biggest loans he’s taken out for his real estate empire. Trump is now a so-called judgment debtor, leaving him few options for avoiding or delaying those payments while he challenges them in court.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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