Why Trump’s Treasury sec would have zero interest in using ‘forever bonds’ to refinance the nation’s staggering debt

Date:

Among some of the crazier stuff being discussed at the fringes of the Trump economic team these days is the issuance of “forever bonds” to refinance the nation’s staggering debt — and to do so as part of the current trade negotiations, The Post has learned. 

I have been assured by people close to Trump’s trade point man, Treasury Secretary Scott Bessent, that floating these 50- or 100-year bonds isn’t close to top of mind as part of his negotiations or anything else. 

“No we’re not talking about that,” one person close to Bessent told me, with an emphasis on the “No” part. 

One obvious reason why Bessent would have no interest in the zany idea is that he already has his hands full negotiating myriad tariff-related trade deals with partners.

Some of those could bear fruit as soon as this week, with a possible deal with ­Japan looking increasingly likely. 

Another is that the…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...