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The Latest Breaking News from National Debt

America’s $38 trillion national debt is so big just the interest will soon cost more than Medicare

The staggering math behind the rapid rise in interest due on our outsize debt.

Fortune

Jamie Dimon warns $38 trillion national debt is going to 'bite': 'You can't just keep borrowing money endlessly'

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, echoed: "Despite being more than a quarter into [2026] our government is still not fully funded for the rest of the fiscal year, with another funding deadline around the corner in just over two weeks."

Fortune

Treasury spent $276 billion in interest on the national debt in the final three months of 2025, says the CBO—up $30 billion from a year prior

The costs were higher because of a larger budget burden, the CBO said, as well as "higher long‐term interest rates and an increase in the rate of inflation."

Fortune

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Trump's $1.5 trillion military budget would add $5.8 trillion to the national debt, with interest, CRFB says

Meanwhile, the Peterson Foundation updated its projection: the U.S. would be spending more on defense than the next 35 countries combined.

Fortune

82% of voters want Congress to focus on the $38 trillion national debt, watchdog says: 'voters are understandably concerned'

The nonpartisan Peter G. Peterson Foundation finds widespread — and bipartisan — concern over the debt.

Fortune

Mark Cuban on the $38 trillion national debt and the absurdity of U.S. healthcare: we wouldn't pay for potato chips like this

"Can you imagine if a Pringles distributor paid full retail to Pringles and then sold to grocery stores for full retail, and then the grocery stores had to wait for a rebate?"

Fortune

Janet Yellen warns the $38 trillion national debt is nearing a red line economists have warned about for decades

Top economists fear the era of fiscal dominance is here, and we’ve abandoned the debt problem already.

Fortune

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'Military adventures cost money': Economists' key concern about Trump's Venezuela action is how it weakens $38 trillion national debt picture

“What my concern about Venezuela is that…it’s just confirming that the United States isn’t a very reliable partner.”

Fortune

Mitt Romney says the U.S. is on a cliff—and taxing the rich is now necessary 'given the magnitude of our national debt'

Romney is worth an estimated $254 million, and was among Congress's wealthiest members.

Fortune

The $38 trillion national debt is to blame for over $1 trillion in annual interest payments from here on out, CRFB says

Welcome to "the new norm": interest payments over $1 trillion every year from here on out, to service the large and growing national debt.

Fortune

Dave Ramsey Says Those Predicting The 'Economic End Of The World' Over National Debt 'Keep Being Wrong'

Dave Ramsey says he's tired of hearing the same doom-and-gloom predictions about the U.S. national debt and that people warning about an imminent collapse have been wrong for decades.

Benzinga

Ray Dalio says ‘a little bit of everything’ is needed to prevent a debt crisis—but it won’t happen anyway

Bridgewater Associates founder Ray Dalio said averting the $38 trillion national debt crisis requires bipartisan support—which will never happen.

Fortune

Tariffs and the $38 trillion national debt: Kevin Hassett sees ‘big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’

The favorite to become Fed chair says tariffs are an important part of Trump’s economic policy and behind “a lot of the revenue coming into the Treasury.”

Fortune

Donald Trump says national debt is ‘peanuts’ compared with tariff income, which will pay dividends—but the math isn’t adding up

A $2,000 dividend for each citizen would increase the deficit by $6 trillion, according to one estimate, roughly twice as much as Trump’s tariffs are estimated to raise.

Fortune

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Fortune

The trade war was never going to fix our deficit

Trump's tariffs won't alter the trajectory of our national debt or entitlements. For the economy's sake, the Supreme Court should end this abuse of power.

Fortune

Elon Musk says the only thing that can solve 'insanely high' $38 trillion national debt crisis is AI and robotics—but it would cause 'significant deflation'

After clashing with Trump on spending, Musk argues AI and robotics are the only path to easing record U.S. debt costs—and may even trigger future deflation.

The Independent UK

Rachel Reeves pledges to support working families and reduce waiting times with looming Budget

The chancellor is widely expected to raise levies on Wednesday to help close a multi-billion pound spending gap

The Independent UK

Bad news for Trump $2,000 checks as Senators balk at price tag and adding to national debt

President has touted massive financial giveaway as the state of economy and affordability issues damage his approval rating

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Fortune

'Bond King' Jeffrey Gundlach warns of the next financial crisis: 'It has the same trappings as subprime mortgage repackaging in 2006'

The billionaire founder of DoubleLine Capital is also convinced the $38 trillion national debt will be addressed before 2030: "something has to happen."

Fortune

The $38 trillion national debt 'milestone' and the accounting mirage

I ran for Congress on the idea that the national books of the U.S. government were not being kept in a transparent, modern accounting framework. I won.

Barchart

Elon Musk Warns ‘The Only Way to Get Us Out of the Debt Crisis’ and ‘Prevent America from Going Bankrupt is AI and Robotics’

Elon Musk argues that America’s mounting national debt is unsustainable under current political constraints and asserts that only rapid economic growth driven by AI and robotics can avert fiscal crisis.

Fortune

America's path out of $38 trillion national debt crisis likely involves pushing up inflation and 'eroding Fed independence,' says JPMorgan Private Bank

The government could "tolerate stronger growth and higher inflation, allowing real interest rates to fall and the debt burden to shrink over time," JPMB says.

Benzinga

US Debt Of $38 Trillion Now A 'National Security Crisis,' Warns Top Economist, Another Blames Political Polarization: 'Neither Party Is…'

Richard Haass, the president of the Council on Foreign Relations, and other economists have sounded the alarm about the U.S. national debt, stating that it poses a significant threat to the country’s security and global standing.

Fortune

Legendary DC diplomat feels 'like Paul Revere' about the $38 trillion national debt: 'The crisis is coming!'

Richard Haass has spent a lifetime monitoring global crises. Now he says America’s most dangerous one is coming from inside the house.

Fortune

Your political polarization is the reason for our $38 trillion national debt, top economist says: 'it's deeply debilitating' for 'consensus and stability and productive policy results'

“Every day that passes makes me feel the situation is more urgent,” Barry Eichengreen told Fortune.

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