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The Latest Breaking News from CBO

Interest on national debt now costs Treasury $3 billion a day, finds the CBO—after U.S. spends $10 billion propping up the currency of its top lender

The CBO reported that net interest on public debt totaled $963 billion between October 2025 (when the fiscal year begins) and July 2026.

Fortune

Trump's $200 billion tariff hit swells budget deficit to $2.1 trillion for 2026, CBO confirms

A major tool for deficit reduction—Trump’s IEEPA tariff regime—is unconstitutional.

Fortune

Top Economist Says Washington Can’t Fix Its Own Debt Addiction, Calls for Constitutional ‘Debt Brake’ to Stop $40 Trillion Crisis

Johns Hopkins economist Steve Hanke says Washington cannot discipline its own borrowing and argues that only a limited Article V Constitutional Convention focused on fiscal responsibility can halt America’s debt buildup by allowing states to propose a binding "debt brake" amendment.

Benzinga

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A Bipartisan Hepatitis C Elimination Bill Is Stalled in the Senate Over Its Congressional Budget Office Score

A bipartisan bill to expand hepatitis C testing and treatment has stalled in the Senate over a CBO cost estimate its sponsors call disappointing.

Medical Daily

Trump’s ‘Golden Fleet’ of battleships could cost $455B, blowing past original estimates

Democrats are fighting to withhold funding for the new ship-building program

The Independent UK

Cassidy’s hepatitis C bill delayed over CBO score

A bipartisan bill aimed at combating hepatitis C is stalled in the Senate due to a high score from the Congressional Budget Office, the bill’s lead sponsor Bill Cassidy, R-La., said on Thursday. The bill, co-sponsored by Sen Chris Van Hollen, D-Md., proposes a national strategy to reduce hepatitis C…

Roll Call

Pentagon: National Guard in DC to cost another $1.43 billion

The Trump administration’s planned deployment of National Guard troops in Washington, D.C., through the end of his presidential term will cost $1.43 billion, or $51 million a month, in addition to the amount spent so far, according to a new Pentagon estimate. The new estimate of the costs going forward,…

Roll Call

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Treasury Department Has a Troubling Update for Every American Taxpayer

The Treasury Department has a problem that reaches far beyond Washington, D.C., and it does not arrive with a dramatic new tax form. The federal government now spends an enormous amount of money simply paying interest on money it already borrowed, and that bill keeps getting harder to ignore.

The Free Financial Advisor

Trump's new $950 billion tariff scheme still leaves a 40% shortfall in his grand plan to rebalance the $39 trillion national debt, finds budget study

"We currently estimate that the tariffs enacted and proposed under this administration since January 2025 will generate about $825 billion less revenue through FY 2036 than estimated," the Committee for a Responsible Federal Budget says.

Fortune

The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution

Today, U.S. debt held by the public currently stands at a staggering $31.68 trillion, a little more than 100% of GDP. According to the nonpartisan Congressional Budget Office (CBO), if Washington continues to embrace its standard operating procedure, that figure is projected to climb to a stunning 175% of GDP…

Fortune

America Spends $24 Billion Weekly to Service Its $39.4 Trillion National Debt

The US government's debt interest payments have reached $24 billion weekly, surpassing spending on major federal agencies, highlighting a growing fiscal challenge for policymakers.

International Business Times UK

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

Interest payments on the debt are now so large that the spending is higher than the outlays for the Departments of Defense, Commerce, Homeland Security, Education, the Environmental Protection Agency, the Small Business Administration, and the U.S. Coronavirus Refundable Credits scheme—combined.

Fortune

CBO: House highway bill would widen trust fund deficit

The House version of this year’s mega surface transportation reauthorization bill could increase the deficit anticipated in the Highway Trust Fund over the next five years despite the inclusion of new fees on electric vehicles and hybrids, according to the Congressional Budget Office The CBO analysis, released Thursday, found that…

Roll Call

Premier Energies plans to invest Rs 6,000 cr over 3 years in ingot, wafer biz

Premier Energies is set to invest Rs 6,000 crore over three years to establish ingot and wafer manufacturing capabilities, aiming for full integration in India's solar sector. This move aligns with government policy mandating domestic production of these components from 2028. The company's broader Rs 12,500 crore capex plan also…

The Economic Times

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Medical Daily

Medicaid Work Requirements Are Rolling Out Now — Here Is What Your State Has to Do Before Millions Lose Coverage

Medicaid work requirements from the One Big Beautiful Bill are taking effect in multiple states in 2026. Here is what it means for coverage, who is at risk, and what states must do.

The Guardian - US

Condemned to plutocracy? The relentless rise of US inequality

Elon Musk is a beneficiary of America’s lopsided prosperity – does the country have any appetite for redistribution?

Medical Daily

Millions of Americans Could Lose Health Insurance by Year's End as Coverage Losses Accelerate Nationwide and Many Remain Unaware

ACA enhanced premium tax credits expired in 2025. Up to 4.2M Americans face coverage loss in 2026. What you need to know about your health insurance.

Fortune

Tariffs are generating only 25% of the revenue needed to pay interest on national debt—despite pitch that it would be a silver bullet

The CBO reported that between October and May 2026, the government has spent $742 billion servicing the debt burden, an increase on the $674 billion spent for the same period last year.

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Medical Daily

ACA Enrollment Fraud Now Tops 6 Million — And Taxpayers Are Footing a $27 Billion Bill

A sweeping new report released today confirms what critics of the Affordable Care Act have warned for years: millions of ineligible individuals are receiving federally subsidized health coverage, draining tens of billions in public funds through a system riddled with structural loopholes and almost no accountability.

Fortune

Surging Treasury yields expose a brutal truth: America has no margin for error on its $31 trillion debt

America must refinance $10 trillion in debt over the next year. Rising Treasury yields could make that a catastrophe.

Barchart

3 Dividend Kings to Buy Now to Replace the Social Security Income You're About to Lose

The Congressional Budget Office (CBO) released a report this year containing one number that should change how every American near retirement thinks about income. Here's 3 dividend stocks to replace that lost income.

Fortune

Top JPMorgan analyst maps 5 ways America's debt crisis could unfold—and the 'best case' is still alarming

JPMorgan's David Kelly maps out five scenarios for the national debt over the next decade — the best-case is pretty, pretty bad.

MarketBeat

As U.S. Debt Surpasses GDP, These 2 ETFs Are Emerging Winners in the “Sell America” Trade

With U.S. federal debt exceeding 100% of GDP, VXUS and IXUS offer investors international equity exposure as a hedge against rising sovereign risk.

Reason

Trump's 'Golden Dome' Estimated To Cost $1.2 Trillion, New Report Reveals

The project’s critics have compared it to Reagan’s failed “Star Wars” initiative.

The Mary Sue

Trump promised a ‘Golden Dome’ to stop missiles. Now, experts say it’s a $1.2tn gift to defense contractors with a fatal weakness

Donald Trump’s “Golden Dome” missile defense system is shaping up to be one of the most expensive military projects in U.S. history and experts say it might not even work when it matters most. The nonpartisan Congressional Budget Office (CBO) estimated the system will cost a staggering $1.2 trillion over…

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