Senate Minority Leader Chuck Schumer secured a condition in the government's $2 trillion coronavirus stimulus package that would bar President Donald Trump's businesses from receiving money.
Under the proviso, businesses owned by members of Congress, Vice President Mike Pence, and top members of the executive branch would also be excluded from the bailout.
Trump owns a string of high-end hotels and golf resorts, several of which have been shuttered during the pandemic.
The aid package, agreed on by the White House and the Senate early Wednesday, would provide assistance to Americans and businesses struggling during a sharp economic downturn.
Senate Minority Leader Chuck Schumer secured an agreement in the $2 trillion federal coronavirus stimulus package that would bar businesses owned by President Donald Trump, his family, top US officials, and members of Congress from receiving money from the fund.
Citing Trump's latest financial statements, The Post said those businesses accounted for about $174 million in annual revenue.
On Sunday, the president indicated that he had not ruled out congressional aid for the Trump Organization should the bailout funds become available. »