Trump, Donald John
Trump, Donald John,1946–, 45th president of the United States (2017–), b. New York City. Prior to his election as president in 2016, he was a business executive rather than a political leader. After attending Fordham Univ. and the Wharton business school (B.Sc., 1968), he joined the family real estate business. A self-promoting and flamboyant dealmaker who became widely known as simply "the Donald," he was able to secure loans with minimal collateral in the free-wheeling 1980s and created an empire in real estate, casinos, sports, and transportation. By 1990, however, the effects of recession had left him unable to meet loan payments. Although he shored up his businesses with additional loans and postponed interest payments, mounting debt brought Trump to business bankruptcy and the brink of personal bankruptcy. Banks and bondholders lost hundreds of millions of dollars but opted to restructure his debt to avoid risking losing even more in a court fight.
By 1994, Trump had eliminated a huge portion of his $900 million personal debt and reduced substantially his nearly $3.5 billion in business debt. Forced to relinquish the Trump Shuttle (bought in 1989), he retained Trump Tower in New York City and control of his three casinos in Atlantic City. In 1999, Trump toyed with running for president on the Reform partyReform party,
in the United States, political party founded in 1995 by H. Ross Perot as an alternative to the Democratic and Republican parties. The Reform party's aims originally included mandating high ethical standards for the president and Congress, balancing the budget,
..... Click the link for more information. ticket. Beginning in 2004, Trump starred in his own reality television show. He also cofounded a for-profit educational company, best known as Trump University, that offered real-estate and other courses, mainly from 2005 to 2010; several lawsuits that accused the company of fraud were settled in 2016. Crippling debt payments forced his casinos into bankruptcy again in 2004, and Trump's stake in the company was greatly reduced when it emerged from bankruptcy in 2005 and he was no longer the business's CEO. In 2009 the casino company again declared bankruptcy, and Trump agreed to reduce his stake to 10%. The Atlantic City casinos subsequently closed or were sold, and Trump divested of his stake in them. Despite the problems with his casino investments, Trump has significant real estate and hotel holdings including golf courses, but many real estate projects bearing his name are only licensing deals. Among his other holdings are a television production company and several beauty pageants.
Trump was again a potential Republican presidential candidate in 2011, and notoriously and repeatedly questioned President Obama's citizenship, but he chose not to run. In 2015 he became a candidate for the 2016 Republican presidential nomination. He subsequently became the front-runner—and a controversial figure—during the primaries and secured the Republican nod, choosing Indiana's governor, Mike PencePence, Mike
(Michael Richard Pence), 1959–, U.S. politician, b. Columbus, Ind., grad. Hanover College, 1981, Indiana Univ. law school, 1986. A Republican, he twice ran unsuccessfully for the U.S. House of Representatives before he won the first of his six terms in 2000.
..... Click the link for more information. , as his running mate. Trump was hurt in the divisive general election campaign by his tendency to verbally abuse critics (which had also alienated Republicans in the primaries) and by accusations of sexual misconduct, but the Republican ticket defeated Democrats Hillary ClintonClinton, Hillary Rodham
, 1947–, U.S. senator and secretary of state, wife of President Bill Clinton, b. Chicago, grad. Wellesley College (B.A. 1969), Yale Law School (LL.B., 1973). After law school she served on the House panel that investigated the Watergate affair.
..... Click the link for more information. and Tim KaineKaine, Tim
(Timothy Michael Kaine), 1958–, U.S. politician, b. St. Paul, Minn., B.A. Univ. of Missouri, 1979, J.D. Harvard, 1983. After a clerkship, he was a lawyer in private practice, and taught legal ethics as an adjunct professor (1988–94) at the Univ.
..... Click the link for more information. (although it lost the popular vote by the largest percentage since 1876).
President Trump moved to limit the impact of Obama's 2010 health-care legislation, though he was unable to win quick passage of legislation to replace it. Revelations that Russia had meddled in the U.S. election, hoping to influence it in Trump's favor, continued to be an issue for his presidency. Michael Flynn, the national security adviser, was forced to resign after less than a month in office when it was learned that he had lied about post-election contacts with Russian officials, and after the president fired FBI director James Comey over the Russia investigation, a special counsel (former FBI director Robert Mueller) was named to lead it. Subsequently it was learned that Trump's son, son-in-law, and campaign manager had met (2016) with a lawyer who claimed to have information from the Russian government on Hillary Clinton. The administration also suffered several controversies of its own making, the most notable one perhaps being Trump's accusation, despite a lack of evidence, that Obama's administration had wiretapped him.
Internationally, President Trump quickly withdrew the country from the Trans-Pacific Partnership, a Pacific Rim trade pact. Continued missile testing by North Korea in 2017 led to tensions with the new administration, and a Syrian government nerve gas attack provoked a retaliatory U.S. missile strike and created tensions between the United States and Russia. Trump also withdrew the United States from the 2015 Paris climate accord.
See his autobiographies (1987, 1991, 1997; though their accuracy has been questioned); biography by T. L. O'Brien (2005); studies by W. Barrett (1991), G. Blair (2000), M. D'Antonio (2015), D. C. Johnston (2016), M. Kranish and M. Fisher (2016), and M. Singer (2016).