Trump will take the Presidency with big debt — CBS

On the eve of 2025, the colossal debt of the elected President of the United States Donald Trump, and the co-defendants in his civil fraud case in New York has reached a new high. Due to interest, the amount exceeded $500 million.

It is reported by CBS News.

Trump’s debt has exceeded half a billion dollars

According to media reports, Trump, his two sons, and a former executive of his company were ordered in February 2024 to pay $364 million in "ill-gotten income" and millions more in interest for previous years. The amount, which was then $464 million, continued to grow by more than $114 thousand a day.

"The decision is under appeal," it is said in the CBS publication.

Meanwhile, the spokeswoman for the New York Attorney General, Letitia James, confirmed that on December 29, the total amount exceeded $500 million, and on Thursday, January 16, it was more than $502 million.

Trump, in turn, who would personally have to pay about $490 million of this amount, is counting on a delay from the First Department of the New York Middle Court of Appeals.

CBS notes that while the defendants are awaiting the decision of the panel, which is due early this year, interest in the case continues to grow. The outlet also added that the court usually publishes its opinions on Tuesday and Thursday mornings, but Trump’s case was not among those published on January 16.

It means that Trump is likely to be sworn in as the President on Monday with the debt to New York State exceeding the total proposed 2025 budgets for the sixth and seventh largest cities in the state — Albany and New Rochelle.

As a reminder, recently, US Special Prosecutor Jack Smith said that Trump had attempted to falsify the results during the 2020 election. According to him, he pressured lawmakers and officials to ignore the vote count.

We also wrote that Jack Smith had recently resigned due to Trump’s rise to power. As you know, the US Special Prosecutor was pursuing a case against Trump not only for attempting to cancel the 2020 election but also for mishandling classified documents.