Former President Donald Trump is digging himself into a progressively deeper financial hole with each passing day.
According to NBC News, a New York clerk has officially entered into the record that the total sum Trump owes the State of New York is now roughly $464 million, when taking both Judge Arthur Engoron's penalty imposed earlier this month along with pre-judgment interest into account.
The ex-president has 30 days to file his appeal, though that reportedly won't stop the continued accumulation of interest on the judgment itself. MSNBC legal analyst Lisa Rubin told host Katy Tur that the daily compounding interest on the judgment exceeds six figures.
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"The judgment that was entered today incorporated actual dollar amounts for all that pre-judgment interest, therefore the total judgment itself has now been raised by almost $100 million for Donald Trump alone," Rubin said. "Now, after today, it will continue to accrue 9% interest annually, and we estimate that thats around $111,000 per day, starting today."
"Does it pause for the appeal or is it just ongoing now?" Tur asked.
"So it continues to accrue, thats my understanding, until he obtains a stay," Rubin said.
In order to obtain a stay from the court, Rubin explained that Trump would not only have to file a notice of appeal, but would have to post what's known as an "undertaking." That means Trump will have to set aside the judgment amount plus interest, or have a third party put that up for him, and enter into a separate agreement with that third party that could entail a down payment and possible loan collateral.
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Watch the clip of Rubin's analysis below, or by clicking this link.