Trump purchased $100M+ in bonds since January, filings show
Share this @internewscast.com

Since commencing his second term in January, President Trump has acquired bonds valued at over $100 million, as noted in the Office of Government Ethics submissions.

The documents, which were made public on Tuesday evening, highlighted that the president began his buying spree on January 21, the day following his inauguration. Throughout January, he secured more than 30 corporate and municipal bonds, and by August 1, his bond acquisitions amounted to nearly 700.

These filings represent periodic disclosures that follow a careful review by the Office of Government Ethics to ensure compliance, including obtaining Trump’s approval, explained a senior White House official. The officer noted that Trump does not oversee his investments; instead, they are managed by an external financial institution.

The officer also emphasized that neither Trump nor his family directly influences these investment choices, which are determined by an independent management team.

The bonds acquired by Trump, as detailed in the documents, encompass those issued by entities such as the Triborough Bridge and Tunnel Authority, a healthcare facility in Alachua County, Florida, a Michigan public power agency, and a park and recreation department in Johnson County, Kansas.

Additionally, bonds were procured from several prominent corporations, including Home Depot, T-Mobile USA, UnitedHealth Group, Wells Fargo, Morgan Stanley, and Qualcomm.

The filing does not give a specific amount of each purchase, but the lowest range from $50,001 to $100,000 and the largest range from $500,001 to $1 million.

Trump has been criticized for mingling politics with his business interests throughout his second term, with ethics watchdogs and Democrats accusing him of profiting off of the presidency through ventures like the launch of a cryptocurrency, Trump-branded sneakers and Bibles and a line of fragrances.

Share this @internewscast.com
You May Also Like

Ex-Lee County Schools Staffer Faces Arrest Over Alleged Fund Misuse

A former employee of Lee County Schools, Tiffany Slusher, has been taken…

Unraveling the Mystery: Authorities Probe Deliberate Fiber Optic Cable Sabotage in Scott County

The Scott County Sheriff’s Office in Gate City, Virginia, is reaching out…

San Francisco Takes Legal Action Against Leading Food Giants Over Health Risks of Ultra-Processed Foods

On Tuesday, the city of San Francisco initiated legal action against several…

Macron’s Strategic China Visit: Strengthening Trade Links and Navigating Ukraine Conflict with Xi Jinping

PARIS – French President Emmanuel Macron is set to embark on a…

Weather Fronts Signal Shifting Conditions in Central Florida: Your Detailed Forecast

ORLANDO, Fla. – Central Florida is set to experience a cooler Wednesday,…

Marion County Rape Suspect Faces Multiple Charges; Authorities Seek Additional Victims

In a disturbing series of events unfolding in Marion County, Florida, a…

German President’s State Visit to the UK: Celebrating Strategic Alliances and Reflecting on Historical Legacy

LONDON – German President Frank-Walter Steinmeier will be received with grandeur on…

Johnson City Welcomes New Assistant City Manager: Boosting Leadership for Future Growth

In a strategic move aimed at bolstering the administrative leadership of Johnson…

New Study Reveals Adjusted Projections for Global Income Impact from Climate Change

On Wednesday, researchers announced that errors in data had led to an…

Trump Proposes Rollback of Vehicle Mileage Standards to Ease Air Pollution Regulations

WASHINGTON – President Donald Trump is poised to unveil a new initiative…

New Zealand Man Allegedly Swallows Faberge Pendant in Bond-Inspired Heist: Police Await Evidence

WELLINGTON – Authorities in New Zealand are adopting a wait-and-see approach after…

Europeans Claim Putin’s Peace Talks with US Envoys Are Just a Charade

KYIV – Following extensive discussions lasting five hours in the Kremlin with…