Fact Check: Is Donald Trump A Small Business?

10/04/2012 09:34 am ET | Updated Dec 04, 2012

(CNN) -- President Barack Obama invoked Donald Trump's name during Wednesday's presidential debate, claiming that GOP presidential candidate Mitt Romney would consider the mogul's empire a small business.

"Under Governor Romney's definition, there are a whole bunch of millionaires and billionaires who are small businesses," President Obama said. "Donald Trump is a small business. Now, I know Donald Trump doesn't like to think of himself as small anything -- but that's how you define small businesses if you're getting business income."

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