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Donald Trump: US government will never have to default because it prints money

Christine Wang
Jim Urquhart | Reuters. The presumptive GOP nominee told CNN's "New Day" that the United States government would never default because it prints money.

Donald Trump is firing back at media outlets for what he said was a misrepresentation of his comments on the national debt.

In a telephone interview with CNN's "New Day," Trump said he doesn't intend to to go out to creditors and renegotiate the debt.

"So here's the story, just to have it corrected. If we have an opportunity where interest rates go up and you can buy debt back at a discount, I always like to be able to do that, if you can do it, but that's all I was talking about," the presumptive nominee said.

"If we are liquid enough as a country we should do that," Trump said. He added that the repurchasing of debt is something that happens in business all the time.

Trump insisted that there is no way the U.S. government could default because it prints money.

"This is the United States government. First of all, you never have to default because you print the money. I hate to tell you, OK? So there's never a default," he said.

Watch CNN's segment below.

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Correction: This story was revised to give the full quote by Trump about buying debt back.



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