Donald Trump

Trump will not ask donors to repay nearly $50 million in campaign loans

In this June 22, 2016, photo, Republican presidential candidate Donald Trump speaks in New York. The nation’s framework for economic security and health care in retirement is financially unsustainable, but you wouldn’t know it from listening to the presidential candidates. Unusual for a Republican, Trump has promised not to cut Social Security, Medicare or Medicaid, the health care program for low-income people. (AP Photo/Mary Altaffer)By Ginger Gibson WASHINGTON (Reuters) – Republican Donald Trump has forgiven nearly $50 million in loans he made to his presidential campaign, he said on Thursday, signaling to donors that future contributions will be used to fight Democrat Hillary Clinton and not to repay himself. The announcement that Trump will not seek repayment of the loans via contributions came amid concerns from his backers that he does not have enough money to fund his campaign for the Nov. 8 election. The New York developer has suggested he could use more of his personal wealth to help win the White House.

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