U.S. will resolve debt increase 'with great ease,' says Trump

Former U.S. President Donald Trump asserted that the nation's escalating national debt and its associated interest payments will be resolved "with great ease" due to the current economic growth.

Responding to questions about the federal debt, which recently exceeded $40 trillion for the first time, Trump attributed the acceleration in growth partly to a Supreme Court decision that overturned tariffs, impacting government revenue. He stated that he inherited debt but believes the current economic performance will solve the issue.

“

This (the debt) has been a problem for 35 years. And what we have now - something we've never had before, although we saw a good part of it during my first term, as you know - is enormous growth, and the way to manage the debt is through growth, and we are now experiencing tremendous growth.

"This (the debt) has been a problem for 35 years. And what we have now - something we've never had before, although we saw a good part of it during my first term, as you know - is enormous growth, and the way to manage the debt is through growth, and we are now experiencing tremendous growth," Trump said before boarding Air Force One.

He highlighted that the U.S. experienced 1.5% annualized growth in the April-June quarter, with expectations for a more robust figure in the current quarter. When asked about rising U.S. debt yields, with the 30-year bond yield exceeding 5.3% for the first time since 2007, and whether he instructed Treasury Secretary Scott Bessent to intervene in the debt market, Trump praised Bessent's capabilities. He also alluded to potential military intervention, stating, "There are many types of intervention; that is one of them. The ultimate intervention is military, and if we have to resort to it, we will."

“

The ultimate intervention is military, and if we have to resort to it, we will.