Trump advocates for US debt default if spending cuts not met.
TL;DR Summary
Former US President Donald Trump has called for the US to default on its debt if the government does not make "massive" spending cuts. Trump's comments come as the US national debt has surpassed $28tn, and the government is set to hit its borrowing limit in the coming months. Economists warn that a default could have catastrophic consequences for the US economy and global financial markets.
- Trump calls for US debt default in absence of 'massive' spending cuts Financial Times
- Trump urges GOP to let catastrophic debt default happen if Dems don't accept cuts CNBC
- Trump tells Republicans 'to do a default' — risking the US economy — if the GOP doesn't get 'massive' spending cuts Yahoo News
- Trump: U.S. Should Default on Its Debt if Dems Don't 'Cave' on Spending The Daily Beast
- Trump plays down consequences of a US default: 'Could be maybe nothing' Reuters
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