President Trump said U.S. government debt topping $40 trillion is a 35-year problem and its remedy is economic growth, which he called "very strong" and capable of "easily" resolving the issue. Asked whether he asked Treasury Secretary Bessent to intervene in the bond market, Trump said "absolutely not," adding Bessent is "very capable," that it was Bessent's decision to act, and that he has "good instincts on bonds and rates."

2026-08-22

President Trump said U.S. government debt topping $40 trillion is a 35-year problem and its remedy is economic growth, which he called "very strong" and capable of "easily" resolving the issue. Asked whether he asked Treasury Secretary Bessent to intervene in the bond market, Trump said "absolutely not," adding Bessent is "very capable," that it was Bessent's decision to act, and that he has "good instincts on bonds and rates."