Trump is investigating US debt for fraud, suggesting that Treasury payments “may not count.”
president Donald Trump On Sunday, his administration said it was investigating US government bonds, suggesting that certain Treasury payments were fraudulent and “may not count.” Speaking in Air Force 1, Trump said his administration is reviewing his debt records to clarify potential financial mismanagements.
The US government bonds amount to around $36.2 trillion, exceeding 120% of the country’s GDP. US Treasury Department. Trump has indicated that the Treasury payments are currently under review.
“We’re even seeing treasures,” he said. “There could be problems. I’m reading about it. It might be an interesting problem… It might mean that many of them are uncountable. In other words, what we found is the Some are very fraudulent, so they may have less debt than we thought.”
Don’t miss it:
Director of the National Economic Council Kevin Hassett He told CNBC On Monday, Trump’s comments were about possible inappropriate payments to contractors rather than payments to US debt holders.
Treasury securities are considered some of the safest investment tools around the world, which has raised questions from financial experts.
Trump suggests fraudulent payments could be inflated national debt, but independent budget observers argue that the administration’s proposed tax cuts add trillions of dollars to the new debt. It’s there. Responsible Federal Budget Committee Trump’s tax system estimated to add $7.75 trillion to its expected debt by fiscal year 2035.
Trend: “Scrolling to UBI” – Deloitte’s fastest growth software company allows users to make money on the phone. Today, you can invest your stock for just $0.26 for a minimum of $1000.
Trump has enlisted in the billionaires to identify unfair federal spending to help crack down on waste exclusion Elon Musk Leading the overhaul of federal government operations. Musk’s newly established government efficiency department has reportedly reviewed its pay and spending records, raising privacy and security concerns.
Federal judges have recently cited the risk of inappropriate disclosure of confidential information by Musk’s team blocking access and storage of data from certain government financial systems. Secretary of the Treasury Scott Betting Musk’s team said they only had “read-only” access and were unable to make any changes to the system.