The United Nations says it’s waiting to find out how much of the nearly $4 billion the United States owes the world organization the Trump administration intends to pay and when the money will arrive.

UNITED NATIONS (AP) — The United Nations said Monday it’s waiting to find out how much of the nearly $4 billion the United States owes the world organization the Trump administration intends to pay and when the money will arrive.

The U.S. Mission to the United Nations confirmed that U.S. Ambassador Mike Waltz said the Trump administration planned to make a significant down payment on its arrears in a matter of weeks, with the final amount still to be determined. His comments were first reported by Reuters.

U.N. Secretary-General Antonio Guterres warned last week that the world body faces “imminent financial collapse” unless its financial rules are overhauled or all 193 member nations pay their dues, a message clearly directed at the United States.

  • DomeGuy@lemmy.worldEnglish
    7·
    2 days ago

    Depositing a $2 trillion dollar coin to reduce the nominal debt would itself have relatively little impact on the.value of the dollar, since it’s just in the essentially fake books of the US national government. Dollars, after all, are just coupons for “I am worth $1 towards any US government debt or court judgement.”

    Depositing a $2 billion coin with the UN, in contrast, would have exactly the same inflationary pressure as giving 200,000,000 Americans 2000 $1 coins.