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Ethics Filings Show Trump Bought About $100 Million in Bonds While in Office

Newly posted disclosures that omit exact amounts have renewed questions over potential conflicts.

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U.S. President Donald Trump speaks to the media during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. REUTERS/Kent Nishimura/File Photo
President Donald Trump at Trump Turnberry golf club in Scotland on July 28, 2025.

Overview

  • Forms posted online this week list 690 purchases since Jan. 21, with reporter estimates putting the total between roughly $100 million and $104 million.
  • The buying includes corporate debt from Citigroup, Morgan Stanley, Wells Fargo, Meta, Qualcomm, The Home Depot, T‑Mobile USA and UnitedHealth, along with a wide range of municipal issuers.
  • The Office of Government Ethics report provides only broad dollar ranges for each transaction and shows no sales during the period covered.
  • A senior White House official said the president’s investments are managed by an independent third‑party institution with no input from him or his family.
  • Watchdog groups note the holdings intersect with areas affected by federal policy as Trump keeps assets in a family‑run trust, and the activity coincides with moves like the nomination of Stephen Miran to the Federal Reserve board.