3. By the Numbers: Refinancing U.S. Debt
$22.5 trillion – That's roughly how much debt the U.S. has. President Trump this morning called for refinancing that debt with longer terms and lower interest rates. That would certainly help the government's balance sheet, but there's debate over how that would affect the U.S. economy, since members of the U.S. economy own a significant chunk of that debt.
13% – That's how much debt has grown during the Trump administration. It comes out to $2.6 trillion. A notable addition to the national debt load came in the form of the 2017 tax cut.
$538.6 billion – Taxpayers in fiscal year 2019 paid out a record $538.6 billion in interest payments alone.
2 – That's roughly how many weeks have passed since Stephen Moore called for refinancing debt in an op-ed. President Trump had planned on nominating Moore for an open Fed seat, but that was called off amid controversy over his views on women.
2016 – While Moore's recent op-ed may have revived the conversation, then-candidate Trump called for refinancing U.S. debt while on the campaign trail in 2016. However, it wasn't a regular part of his stump speech. – CNBC