Don’t miss the latest developments in business and finance.

Donald Trump business to face sharp scrutiny of House Democrats

Republicans and the Trump Organisation have been able to ignore Democrats' questions about the company's finances and business practices

Trump
Donald Trump holds a news conference on the sidelines of the 73rd session of the United Nations General Assembly in New York, US | Photo: Reuters
Bloomberg New York
Last Updated : Nov 19 2018 | 9:27 PM IST
President Donald Trump’s famously opaque business will face a bracing new reality next year when House Democrats hit it with a flurry of subpoenas for the first time.

Republicans and the Trump Organisation have been able to ignore Democrats’ questions about the company’s finances and business practices.

Come January, Democrats taking control of the House will be able to investigate many angles, starting with how much contact the president maintains with Trump Organisation executives after agreeing to suspend his role in running the company. They’ll be asking whether Trump discusses business with his sons, Eric and Donald Jr, who he left in charge.


Democrats also have unanswered questions about the Trump Organisation’s contacts with foreign governments, its potential ties to Russian and Saudi interests and its dealings with Deutsche Bank AG. Representative Jackie Speier of California has even released a memo from advisers theorising that Trump’s business may be a racketeering enterprise that facilitates money laundering.

Amanda Miller, a Trump Organisation spokeswoman, and Alan Garten, the company’s chief legal officer, didn’t respond to multiple requests for comment.