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The Latest Breaking News from National Debt

The U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, called on lawmakers to “ultimately fix the broken process that got us into this mess.”

Fortune

The U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon. The government did nothing, and now its best option is crisis management

“We haven’t had the will yet to actually deal with it, and it’s unfortunate because it can end up with a real problem, worse than it would otherwise have been. Good policy is free,” Dimon said.

Fortune

Trump, the $39 trillion national debt, rosy growth assumptions and the question of 'a sustainable path'

The White House is betting 3% GDP growth will shrink the deficit—but faster growth would likely drive up interest costs on the $39 trillion national debt.

Fortune

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Trump wants to add nearly $7 trillion to the $39 trillion national debt with his new military budget, watchdog warns

Trump's proposal would be "by far the largest year-over-year increase in defense spending in the post-WWII era," the CRFB said.

Fortune

10 Years Ago Today, Trump Promised To Eliminate the National Debt. Instead, It Has Doubled.

Trump's ridiculous, grandiose promise tells us something about the federal government's fiscal affairs and the president's approach to policy.

Reason

Jerome Powell says $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’

“The federal government debt is growing substantially faster than our economy,” the Fed chair told a roomful of Harvard students.

Fortune

‘There is no silver lining in this trajectory’: Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion national debt

“It took decades to get us into this hole, and it will take a concerted effort to get out of it.”

Fortune

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Iran, the $39 trillion national debt and dedollarization: How Trump exposed America's Achilles Heel in Hormuz

With the national debt at $39 trillion and dollar dominance already at a 30-year low, the petrodollar system is more visible—and threatened—than ever.

Fortune

Ray Dalio Explains Why the US Economy is Headed For a 'Debt Death Spiral'

Billionaire Ray Dalio warns that the US economy has entered a terminal 'debt death spiral' as national debt surpasses $39 trillion. The hedge fund legend compares current inflation to the 1970s and suggests a 15 per cent gold allocation to protect against fiat currency devaluation. As the Federal Reserve faces…

International Business Times UK

Should you fix your mortgage rate? Experts weigh in on rising repayments

In Australia’s volatile mortgage environment, there’s no such thing as a safe bet. Advocates, an economist and a broker share their perspectives on how households should respond to RBA’s rising interest rates

The Guardian - AU

'We're living on borrowed time': As national debt hits $39 trillion, a top diplomat warns of a crisis America isn't ready for

"It's one of those things that's almost like the old law," Richard Haass told Fortune. "It's fine until the day it's not."

Fortune

The Trump Administration’s proposed capital gains tax cut could add nearly $1 trillion to the national debt within the decade, think tank warns

“We need more revenue, not less,” Committee for a Responsible Federal Budget president Maya MacGuineas said.

Fortune

$39 trillion national debt is 'an embarrassing milestone,' think tank says. 'Clearly headed in the wrong direction'

"Markets are paying close attention to our fiscal situation, and every time we hit a new milestone, we risk spooking them," said Maya MacGuineas.

Fortune

The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it

Budget experts agree on one thing. The debt is on an "unsustainable" trajectory.

Fortune

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International Business Times UK

Elon Musk Backs Warren Buffett's 5-Minute Plan to Fix US National Debt Nearing $40T

Elon Musk has endorsed Warren Buffett's radical '5-minute' proposal to eliminate the US deficit as the national debt hits a record $39 trillion (£30.7 trillion) amid 2026 recession fears.

We Got This Covered

Stephen Miller blamed the entire national debt on “people who don’t belong here,” and the real numbers make his claim fall apart

Another baseless claim from a Trump official.

Fortune

‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt

The richest man in the world joins prominent financial leaders in supporting a plan to lower the deficit to 3% of GDP.

Fortune

Musk says taxing every billionaire at 100% would barely make a dent in the national debt. Bernie says tax them 5% and you're $3,000 richer

Elon Musk argues America’s $38 trillion debt is too big for billionaire taxes to fix, but Bernie Sanders says a 5% tax could at least put $3,000 back in your pocket.

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Fortune

A 'debt spiral,' before a fiscal crisis: interest on the national debt will be growing faster than GDP in just 5 years, think tank warns

The Committee for a Responsible Federal Budget sees a critical threshold crossing by 2031—and the consequences could be nearly impossible to reverse.

Fortune

The national debt isn't $39 trillion. One economist says it's actually $100 trillion

"It's not a Ponzi scheme," Penn Wharton's Kent Smetters explained to Fortune. "It's a shell game."

Fortune

'The conflict in Iran demonstrates why we need to keep our national debt at a reasonable level': think tank sees economic emergency around the corner

The Committee for a Responsible Federal Budget warns that war spending could tip into a fiscal crisis — and it's calling for a pre-built escape plan.

Fortune

Trump just put Republicans' hold on the Senate at risk while sending the national debt higher, Morgan Stanley says

The firm's Global Investment Office just dropped a sweeping analysis of the U.S.-Iran conflict. It should alarm every Republican heading into the midterms.

Fortune

The $38.9 trillion national debt is costing you thousands of extra dollars per year on your mortgage. Here’s how it adds up

“The consistent pattern of deficit spending that has been the norm in the United States for many years has driven up costs for families."

Fortune

Trump’s economy was already exploding the national debt before his $1 billion-a-day war in Iran. Analysts warn about what's next

Where will you be in the third quarter of 2027?

Fortune

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves'

"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the economy."

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