Trump’s accounts logged 1,156 trades in July, while Bessent disclosed just 29 transactions in 2025.
While federal regulations say the state can take the recipient’s word for it for the first year, at least six states are requiring documentation immediately.
The Bank of Spain estimated that the country had a shortage of about 550,000 homes last year, with Madrid, Barcelona and Valencia accounting for a substantial share.
Publicly held debt would explode to 222% of GDP by 2056, under a scenario where interest rates rise by 1 percentage point.
“If interest begets debt, and debt begets interest, eventually debt will spin out of control. A fiscal crisis, once unthinkable, is now a distinct possibility.”
Concern mounts among ministers that low housing construction volumes could hit growth forecasts