Mitu Gulati on Whether Trump Could Restructure US Debt

Odd Lots · 2025-04-18

US Treasuries are the most important market in the world. With some $29 trillion outstanding, they create the benchmark that informs basically every other type of borrowing. Any changes to how the bond market works would be a massive deal. But lately, there's been a lot of chatter about how the Trump administration could radically restructure and refinance the US debt under the so-called "Mar-a-Lago Accord." In this episode, we speak with University of Virginia law professor Mitu Gulati about how far the administration could go to legally reform this huge and important market. We also talk about how to buy Greenland and whether Trump could make a few billion by collecting on some old loans from allies.

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Odd Lots

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

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