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Trump’s municipal bond portfolio reaches as much as $1 billion as policy overlaps mount

CNBC found Trump’s municipal bond portfolio grew to more than 1,000 positions, with holdings tied to coal plants, hospitals, schools and utilities.

Summary by Ground News
President Donald Trump is a creditor to hundreds of cities, hospitals, schools, utilities and other public institutions across the country — many of which are directly affected by decisions made by his own administration.

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President Donald Trump became a creditor of hundreds of cities, hospitals, schools, and utility companies and public institutions in the United States, while his investments in municipal bonds that might be affected by his administration's decisions are increasing. In 2025, Trump ended up owning 807 municipal bonds used by local government authorities to finance infrastructure projects valued at between $240.7 million.

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CNBC broke the news in Englewood Cliffs, United States on Tuesday, September 29, 2026.
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