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In April 2020, it was reported that Trump was tens of millions of dollars in debt to China. In 2012, Trump's real estate partner refinanced the building 1290 Avenue of the Americas for almost $1 billion. The debt includes $211 million from the state-owned Bank of China, which matures in 2022. Trump owns a 30% stake in 1290 Avenue of the Americas.
Then in July 2019, Trump agreed to raise discretionary spending caps by another $320 billion in return for Democrats agreeing to extend the debt limit another two years, past the 2020 election.
Including a debt hike in that bill would be tough since conservatives say hiking the nation’s debt limit must be coupled with up to $2 trillion in spending cuts. Trump urged House Republicans ...
During President Donald Trump's first term in office, the national debt increased by $8 trillion—due, in large part, to huge spending hikes that Congress passed and Trump signed. Can SpaceX CEO ...
Here’s how Trump 2.0 can cut $20 billion in spending, wipe out Fauci’s leftover bloat — and save animals Nicole Malliotakis, Anthony Bellotti January 16, 2025 at 3:00 AM
Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do ...
Harris would extend the 2017 tax cuts for only those earning under $400,000, keeping a Biden pledge, but this would add up to $2.5 trillion to a spending agenda already estimated at $2 trillion ...
Trump's plans could expand the debt by between $1.5 trillion on the low side and up to $15.2 trillion, according to CRFB. ... And conducting mass deportations of undocumented immigrants would ...