Republican presidential candidate Donald Trump reacts to a song during a campaign rally at the Indiana Theater in Terre Haute, Ind. on May 1, 2016. (AP Photo/Seth Perlman)
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Republican presidential candidate Donald Trump outlined economic policy initiatives on Thursday that he would pursue if elected to the White House in November, including refinancing longer-term U.S. debt, lowering taxes and scrapping a slew of federal regulations.Trump's path to the Republican nomination for the Nov. 8 election became clear after a decisive primary victory in Indiana on Tuesday forced his two remaining rivals, U.S. Senator Ted Cruz and Ohio Governor John Kasich, to drop out of the race.Trump has experience in restructuring his business debt, including two of his Atlantic City casino companies, and said he has been successful on that front.Trump told CNBC he would not renegotiate U.S. bonds but would buy back at discounts, depending where interest rates are.If interest rates go up just 1 percent, Trump said, it would be devastating for the economy.Trump also warned about the downside of a strong U.S. dollar.
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