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The Latest Breaking News from National Debt

Budget watchdog on $38 trillion national debt: ‘It’s tough to decide what the most appalling part is of today’s announcement’

The Committee for a Responsible Federal Budget is glum: “The reality is that we’re becoming distressingly numb to our own dysfunction.”

Fortune

US Debt Tops $38 Trillion Amid Shutdown, The Fastest Pace Since Pandemic

Amid the federal government shutdown, U.S. gross national debt surpassed $38 trillion as per Treasury data on Wednesday, raising concerns about the nation’s financial stability.

Benzinga

US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

The U.S. government's gross national debt has surpassed $38 trillion during the federal shutdown, marking a record high

The Independent UK

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As national debt accelerates to $38 trillion, watchdog warns it's 'no way for a great nation like America to run its finances'

In just a little over two months, the national debt swelled by $1 trillion. This is twice as fast as the rate of growth since 2000, Michael Peterson says.

Fortune

Fact check: National debt, fake wifi charges and the cost of rebuilding Gaza

Round-up of fact checks from the last week compiled by Full Fact.

Evening Standard

America is ‘going broke slowly’ says J.P. Morgan, as national debt balloons and tariff revenue looks shaky

The risk is “that we move from going broke slowly to going broke quickly,” Kelly says.

Fortune

Ray Dalio Issues Stark Warning On US Debt, Says Situation At 'Dangerous Inflection Point' As Buying Power Is Now Getting 'Squeezed'

Billionaire investor Ray Dalio has issued a stark warning about the trajectory of the U.S. government's finances, describing the national debt situation as being at a critical juncture.

Benzinga

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The White House Thinks Taking Partial Ownership of a Canadian Mining Company Will Reduce the National Debt

Trump's deal with a lithium mine in Nevada follows similar "creative deals" with Intel and U.S. Steel.

Reason

Dave Ramsey Says It's 'Wonderful' That You Can Venmo The Government To Pay Down The $37 Trillion Debt. 'There's Always Some Idiot Out There'

You can now send the U.S. government money through Venmo to help pay off the national debt. And if that sounds ridiculous to you, you’re not alone. Personal finance personality Dave Ramsey and co-host Ken Coleman tore into the idea on a recent episode of “The Ramsey Show,” mocking the…

Benzinga

France's PM Lecornu announces end to 'lifetime' benefits for former prime ministers

Lecornu was named prime minister on 9 September, replacing François Bayrou who lost a vote of confidence in parliament after proposing €44 billion in budget cuts in a bid to reign in France's national debt.

Euronews

Ken Griffin lays down the law on why Trump needs to back off the Fed, saying his meddling could prompt a national debt crisis

Ken Griffin warns Trump’s pressure on Jerome Powell and the Federal Reserve risks eroding U.S. institutional credibility.

Fortune

French national debt under presidents Chirac, Sarkozy, Hollande and Macron: a look at the numbers

French national debt has grown steadily over the last 30 years. It is the sum of all public deficits accumulated since the mid-1970s. To compare the amount of national debt to the government’s financing capacity, it is expressed as a percentage of gross domestic product (GDP) – debt-to-GDP ratio – which…

The Conversation

I Asked ChatGPT To Explain the National Debt Like I’m 12 — Here’s What It Said

Confused by the national debt vs. the national deficit? ChatGPT breaks it down in plain terms and explains why it matters for your wallet and the U.S. economy.

GOBankingRates

Nearly 42% of Boomers Are Living Paycheck to Paycheck: Here’s How It’s Delaying Retirement

Many baby boomers are living paycheck to paycheck, and they face debt, low savings and rising costs. Learn how that is impacting and delaying retirements.

GOBankingRates

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Fortune

President Trump may want a lower base rate on behalf of consumers, but it sure is convenient for national debt too

While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.

Fortune

Trump says tariffs are going to be enough to pay down national debt. They likely won’t even touch the sides

In exclusive interviews with Fortune, Wharton professor Joao Gomes and AEI’s Desmond Lachman warned that while tariffs may slow debt growth, they won’t meaningfully reduce it.

Benzinga

Peter Schiff Slams Nixon's 1971 Gold Standard Exit As US Debt Soars $9 Trillion While Bullion Jumps 85%, Both 'Poised To Spiral Higher'

Bitcoin (CRYPTO: BTC) critic and economist Peter Schiff issued warnings on Friday about America’s mounting debt crisis, linking current fiscal challenges to the 1971 decision that ended the gold standard. The warning comes as national debt has surged $9 trillion in four years to reach $37.09 trillion.

Benzinga

Cynthia Lummis Backs Scott Bessent's 'Commitment' To Build Bitcoin Reserve Without Burdening US Taxpayers — 'I Have A Bill For That'

Sen. Cynthia Lummis (R-Wyo.) on Thursday backed a “budget-neutral approach” to building a Strategic Bitcoin (CRYPTO: BTC) Reserve, opposing the idea of purchasing additional BTC to address the mounting national debt.

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Benzinga

Nikki Haley Slams Republicans Over $37 Trillion Debt: 'Our Kids And Grandkids Aren't Buying It'

Former U.N. ambassador and Republican presidential candidate Nikki Haley is raising concerns over what she calls an “unacceptable” level of U.S. national debt, taking shots at her own party in the process.

Fortune

In Trump’s year of cost-cutting and efficiency, national debt soars past $37 trillion

White House deputy press secretary Kush Desai told Fortune the debt-to-GDP ratio has fallen under Trump and will keep improving with pro-growth policies and record tariff revenues.

The Independent UK

The national debt has reached a record $37 trillion, the Treasury Department reports

Donald Trump’s ‘Big, Beautiful Bill’ set to ramp up government borrowing even further

Benzinga

US National Debt Hits Historic $37 Trillion, Surpassing Pre-Pandemic Projections—'Piling Up At A Rapid Rate,' Warn Economists

The U.S. national debt has reached an all-time high of $37 trillion, as reported by the Treasury Department. This staggering figure highlights the growing debt burden on the American economy and its taxpayers.

The Independent UK

US national debt reaches a record $37 trillion, the Treasury Department reports

The U.S. government’s gross national debt has surpassed $37 trillion, setting a new record

Fortune

Trump is bringing in enough revenue from tariffs to have a serious impact on the $37 trillion national debt, budget watchdog says

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

GOBankingRates

Should You and Your Wallet Care About the Big Beautiful Bill’s Impact on the National Debt?

Trump's budget reconciliation law could have a large impact on American economics. In particular, how could the national debt impact Americans' wallets?

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