On Saturday morning, Politico edited a story they published claiming President Donald Trump owes millions of dollars to the Bank of China for a loan on a building in New York City.

The report now begins with a note that says it has been “updated to include comment from the Bank of China and additional reporting.” However, despite reporting false news, the news outlet still did not issue a formal correction, nor did it change the false details included in their report.

The report, headlined initially with “Trump owes tens of millions to Bank of China,” is now updated to “Trump owed tens of millions to Bank of China,” which is still false. The report accuses the president of owing millions of dollars to the Chinese-government controlled bank due to a loan financing a New York City building.

Shortly after the publication of the news, it has been made clear that President Trump does not owe the Bank of China anything, not a single penny. He also had nothing to do with the loan regarding the New York City building. While it is true that Trump has an investment in the said building, the loan financing that building is no longer related to the Bank of China. It was sold years ago into a securitization that is controlled by Wells Fargo and is now owned by a number of other investors.

Trump’s organization only owns a 30% stake in the partnership that owns the New York City building in question, making the president a “passive minority investor.” The remaining chunk of the partnership is now owned by one of the most prominent commercial real estate investors in the United States, which is Vornado Realty Trust.

The president’s campaign hit back, saying that the “far left and liberal media will stop at nothing to undermine the president.” They added that the media would go as far as to “sensationalize” stories even though they might be baseless or don’t even make logical sense.

The news outlet has yet to edit their claim that “the president’s financial dealings with the state-owned bank complicate his attacks on Biden.” The president did not have any financial dealings with the Bank of China. He was just a passive investor, and Vornado Realty is the one dealing with the majority of shares in the said New York City building.

Despite updating their report, the news outlet still has tons of details that need to be corrected.