Presumptive Republican presidential nominee Donald Trump said Monday the U.S. would never have to default on its debt.
"People said I want to go and buy debt and default on debt, and I mean, these people are crazy. This is the United States government," the self-described "king of debt" said on CNN's New Day. "First of all, you never have to default because you print the money, I hate to tell you, OK?"
He's not...wrong. Julie Kliegman
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
What is a bubble? Understanding the financial term.the explainer An AI bubble burst could be looming
-
France makes first arrests in Louvre jewels heistSpeed Read Two suspects were arrested in connection with the daytime theft of royal jewels from the museum
-
Argentina’s Milei buoyed by regional election winsSpeed Read Argentine President Javier Milei is an ally of President Trump, receiving billions of dollars in backing from his administration
-
Trump vows new tariffs on Canada over Reagan adspeed read The ad that offended the president has Ronald Reagan explaining why import taxes hurt the economy
-
NY attorney general asks public for ICE raid footageSpeed Read Rep. Dan Goldman claims ICE wrongly detained four US citizens in the Canal Street raid and held them for a whole day without charges
-
Trump’s huge ballroom to replace razed East WingSpeed Read The White House’s east wing is being torn down amid ballroom construction
-
Trump expands boat strikes to Pacific, killing 5 moreSpeed Read The US military destroyed two more alleged drug smuggling boats in international waters
-
Trump demands millions from his administrationSpeed Read The president has requested $230 million in compensation from the Justice Department for previous federal investigations
-
Trump nominee in limbo after racist texts leakSpeed Read Paul Ingrassia lost Republican support following the exposure of past racist text messages
-
Trump begins East Wing demolition for ballroomspeed read The president’s new construction will cost $250 million
-
Appeals court clears Trump’s Portland troop deploymentSpeed Read A divided federal appeals court ruled that President Trump can send the National Guard to Portland
