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. Trump ended 2025 with 807 municipal bond positions worth $240.7 million to $797.6 million, according to a CNBC analysis of his financial disclosures filed since he returned to the White House. He has since disclosed at least 243 purchases in 2026 worth between $68.2 million and $233.8 million. Among those are 48 new purchases Trump disclosed Sept. 22 when his financial report for July became public. Unlike his stock holdings, which have been actively traded during this presidency, Trump reports purchasing bonds but not selling them.
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