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Howard Lutnick: “We're not borrowing any money. They're going to borrow the…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Watch CNBC's full interview with U.S. Commerce Secretary Howard Lutnick

Published | Video Starts at 16:09

So it doesn't cost their taxpayers any money. They have to blow up their balance sheet. They do. They have to go borrow the money. But We're not borrowing any money. They're going to borrow the money at their grand 1% interest rate. Right. Although they got a lot of debt over. They send us the money. We don't have any debt at all. They send us the money. (16:09–16:15)

CLAIM

Asserts that the U.S. is not borrowing money; Japan is borrowing at 1% interest.

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