Trump: 'I'm the king of debt'
Donald Trump, the presumptive Republican nominee for president and self-described “king of debt,” offered a glimpse into his deal-making playbook Wednesday morning as he defended himself from Hillary Clinton's attacks.
“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”
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“How do you renegotiate the debt?” O’Donnell followed up.
“You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”...
In a different interview Wednesday morning on ABC's "Good Morning America," Trump defended his use of bankruptcy laws in business dealings. The GOP nominee, who has been through four corporate bankruptcies, said he has "used brilliantly the laws of this country" in the business world, but never in his personal life. He said his history of bankruptcies is not unique within the business community.
“I’m running a business, you’ve got to understand. I’m running a business," Trump said when asked if those bankruptcies had hurt average Americans. "I’m running a business for myself, for my company, for my employees and for my family.”
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