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Trump says the $40 trillion national debt issue should be resolved through growth, denies instructing Bessent to intervene in the bond market

2026-08-21 22:44

Odaily News: In response to the U.S. national debt surpassing $40 trillion, U.S. President Trump stated that this issue "has existed for 35 years" and that the way to resolve the debt is "through growth," adding that the U.S. is currently experiencing "very strong growth" and will "easily resolve" the problem. When asked whether he had instructed Treasury Secretary Bessent to intervene in the bond market, Trump denied it, saying "not at all." Trump described Bessent as a "very capable person," stating that it was Bessent himself who wanted to take relevant action, and praised him for having "good instincts on bonds and interest rates." When asked whether he had discussed further intervention measures with Bessent after Treasury yields rebounded, Trump responded: "The ultimate intervention tool is our military—when the time comes, we act." (Jin Shi)