00:00It's Benzinga bringing Wall Street to Main Street
00:02President Trump's municipal bond holdings have grown to more than 1,000 positions worth
00:06between $300 million and $1 billion, according to a CNBC analysis of financial disclosures.
00:12Trump ended 2025 with 807 positions and has disclosed at least 243 purchases this year.
00:20His holdings include bonds tied to cities, hospitals, schools, utilities, and public
00:24institutions affected by federal policy.
00:27CNBC found bonds connected to coal plants, utilities, and healthcare systems that were
00:32affected by administration actions.
00:34Ethics experts say municipal debt generally poses a more remote conflict of interest than
00:38corporate stock, but concerns increase when federal action directly affects an issuer.
00:43CNBC found no evidence that Trump, his investment managers, or his financial interests influenced
00:48administration decisions or individual trades.
00:51The White House and Trump organizations said independent financial institutions have sole
00:56authority over the portfolio, with Trump and his family unable to direct investment decisions.
01:00For all things money, visit Benzinga.com.
