Trump suggests that we may have less debt than thought because of fraud
Rep. Greg Murphy of Rn.C. discusses President Donald Trump’s criticism of the hurricane’s response to North Carolina, settlement negotiations, and the president’s efforts to lower inflation through executive orders.
president Donald Trump On Sunday, it said US government bonds could be smaller than they were thought of as a result of fraud.
Speaking to reporters on Air Force 1, Trump proposed that the administration and Elon Musk’s efficiency team had found irregularities in the Treasury Department. $36 trillion debt It’s not that expensive.
“We’re even seeing treasures,” Trump said. “There could be a problem. You’re reading about it.
“Many of them may not count. In other words, some of the things we found are very fraudulent. So we may have less debt than we thought. ”
President Trump faces a significant fiscal deadline when the second term begins
President Donald Trump said his administration is considering fraud by the Treasury Department. (Getty Images/Alex Scott via Getty Images/Bloomberg)
Is he referring to debt services from Trump’s comments? Government payments It will be handled by the Ministry of Finance.
Fox Business contacted the Treasury for clarification.
“President Trump’s comments are virtually impossible to mention the debts held by the public, including foreign owners,” said Maria Vassalou, director of the Pictet Research Institute. “This is why the market is not responding, and the response is based on misunderstandings and misinformation.”
She added that about a fifth of the US general federal debt is held in government accounts. social security And Medicare added that Trump’s comments “probably refer to that portion of US debt.”
The US economy added 143k jobs in January, lowering unemployment rate
President Donald Trump has entrusted Elon Musk with the role of leading the Office of Government Efficiency (DOGE). (Photo: Brandon Bell / Getty Images / Getty Images)
“We’re committed to providing financial market strategies for Sydney,” said Martin Wetton, head of financial market strategy for Westpac in Sydney. “In short, it’s pointless until it becomes clear.”
Given the lack of certainty about what Trump is saying, financial markets are the economy The road of the Federal Reserve Interest rate reductions will be held later this year.
The Labor Department reported Friday that the US economy added 143,000 jobs in January, falling below the expected 170,000 jobs for LSEG economists.
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According to the CME FedWatch tool, market expectations regarding the Fed’s interest rate reduction plan have changed little by little with the news. .
Reuters contributed to this report.