This week's most intriguing news about President Donald Trump didn't come from the House's impeachment inquiry. It came from a ProPublica report on unusual discrepancies in the Trump Organization's finances. Those revelations, in turn, show why the 2020 election—as well as the prospect of impeachment—are such a threat to not just his political future, but his personal one as well.
Trump's business empire is privately owned by him and his family, so it's not required by law to disclose the same level of financial information as a publicly traded company. But there are certain institutions to which it must tell the truth. When seeking loans from banks and other lenders, the Trump Organization is required to show that it makes enough money to repay the debts. When filing state and federal taxes, the company is legally obligated to provide similar details so agencies can tell whether it's paying the correct amount.
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