President Donald Trump on Sunday said that his administration is investigating the U.S. national debt, suggesting that certain Treasury payments may be fraudulent and “might not count.” Speaking aboard Air Force One, Trump said his administration is reviewing debt records to uncover potential financial mismanagement.
The U.S. national debt is approximately $36.2 trillion, exceeding 120% of the country’s GDP, according to the U.S. Treasury. Trump indicated that Treasury payments are currently under review.
“We’re even looking at Treasuries,” he said. “There could be a problem—you’ve been reading about that. That could be an interesting problem…It could be that a lot of those things don’t count. In other words, some of that stuff that we’re finding is very fraudulent, therefore maybe we have less debt than we thought.”
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