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Marjorie Taylor Greene Finds a Way to Profit Off Government Debt


Marjorie Taylor Greene Finds a Way to Profit Off Government Debt

Last September, Rep. Marjorie Taylor Greene (R-GA) called for a shutdown to stop government spending. Four days later, she lent the government money.

Financial disclosures show that on Sept. 21, the anti-government conspiracy theorist bought between $250,000 and $500,000 in U.S. Treasury Bills—low-yield financial instruments that help the government fund the debt and pay expenses such as salaries.

Greene, of course, has styled herself as a fierce fiscal hawk, going so far as to co-sponsor a bill earlier this year titled “Recognizing the national debt as a threat to national security.”

But Greene must not think it’s much of a threat: The T-Bill purchase was her largest transaction of the year—and it’s not even close.

Greene, who is a multimillionaire, has traded heavily in securities since she joined Congress a year ago, executing 76 purchases and 14 sales. Of those 90 transactions, the second-largest purchase range behind the T-Bill buy was between $15,001 and $50,000—a difference of hundreds of thousands of dollars. (Congressional disclosures only give dollar amounts in ranges.)

Rep. Marjorie Taylor Greene (R-GA) speaks at a news conference on Republican lawmakers’ response to the Jan. 6 attack.

Anna Moneymaker/Getty

At most, the T-Bill investment—a joint purchase between Greene and her husband, Perry—would have nearly quintupled the total amount of securities they bought last year. Greene’s 2019 candidate disclosure showed treasury holdings between $50,000 and $100,000, but that item does not appear on her 2020 filing, indicating the notes had matured.

It also appears that Greene’s threats to the debt ceiling may have juiced the return on her own investment—although generally speaking, there isn’t much juice to squeeze out of the safe, low-yield T-Bills.

Still, the possibility of a government default last fall made investors skittish, and the rhetoric from Greene and fellow Republicans injected further risk into the markets. As a result, yields were on the rise right around the time Greene made her purchase, then fell after the crisis passed, according to Treasury Department data.


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