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Economy

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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.

By Nick LichtenbergApril 2, 2026
paul krugman
Paul Krugman smacks down Trump speech with argument that $4 gas is ‘less than half’ of the Hormuz hit. Here’s what he’s talking about
By Jake AngeloApril 2, 2026
picture of the word "solana"
Latest crypto hack sees thieves make off with $280 million from Solana DeFi platform Drift
By Carlos GarciaApril 2, 2026
Workers on the production line of solar panels in China
After renewable power’s record-smashing 2025, the Iran war could accelerate the shift as countries seek ‘structurally more resilient’ energy, UN says
By Tristan BoveApril 2, 2026
Traders signal offers in the S&P options trading pit at the Cboe Global Markets exchange on March 31, 2026 in Chicago, Illinois.
Markets rally hard on Iran’s promise to play nice in Hormuz as its leaders pocket billions from the disruption
By Eva RoytburgApril 2, 2026
Latest Stories
messi
CommentaryApollo and FC Barcelona just proved legacy markets are losing their grip on business
By Mike SimasApril 2, 2026
Image showing multiple computer screens with code.
CybersecurityMercor, a $10 billion AI startup that works with companies including OpenAI and Anthropic, confirms major data breach
By Beatrice NolanApril 2, 2026
kroenke
CommentaryWhy American billionaires are abandoning Wall Street for English soccer clubs
By Andrés MartinezApril 2, 2026
Trump at podium with bondi watching
PoliticsTrump ousts Pam Bondi as attorney general
By The Associated Press, Alanna Durkin Richer, Eric Tucker, Michael Balsamo and Michelle L. PriceApril 2, 2026
What to know about Gwynne Shotwell, the woman behind SpaceX’s monster IPO
NewslettersWhat to know about Gwynne Shotwell, the woman behind SpaceX’s monster IPO
By Emma HinchliffeApril 2, 2026
mamdani
Politics‘There are no words’: Zohran Mamdani grapples with fatal shooting of 7-month-old in a stroller
By The Associated PressApril 2, 2026
Jack Dorsey and Roelof Botha think AI can make middle management obsolete 
AIJack Dorsey and Roelof Botha think AI can make middle management obsolete 
By Jacqueline MunisApril 2, 2026
A woman looks concerned as she fills up at a gas station
EconomyThe Iran war is effectively ‘a tax’ on U.S. households that could accelerate the economy’s widening K shape, Moody’s says
By Tristan BoveApril 2, 2026
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Photo of Jamie Dimon
BankingJamie Dimon says the American Dream is ‘slipping out of reach’—and JPMorgan is spending billions to fix it
By Nick LichtenbergMarch 31, 2026
America and Europe have taken different routes on trying to ‘control AI.’ The results are stark
MagazineAmerica and Europe have taken different routes on trying to ‘control AI.’ The results are stark
By Francesca CassidyMarch 31, 2026
Is the org chart dead in the age of AI? LinkedIn’s chief economic opportunity officer thinks so
Future of WorkIs the org chart dead in the age of AI? LinkedIn’s chief economic opportunity officer thinks so
By Nicholas GordonMarch 31, 2026
Photo of Scott Kupor
PoliticsThe federal government shed 385,000 employees last year. Now the Trump administration is on a blitz to hire Gen Z workers
By Sasha RogelbergMarch 31, 2026
powell
EconomyJerome Powell to Gen Z: Don’t fear AI—master it
By Nick LichtenbergMarch 30, 2026
Two people stand in front of a sign urging support for California’s billionaire tax
EconomyWealth taxes on billionaires and $30 minimum wages are part of the same plan, advocate says. ‘They should pay their fair share’
By Catherina GioinoMarch 30, 2026
Dollar doomsayers can relax: Iran’s ‘petroyuan’ gambit won’t topple the greenback
CommentaryDollar doomsayers can relax: Iran’s ‘petroyuan’ gambit won’t topple the greenback
By Paul BlusteinMarch 30, 2026
Photo of Jerome Powell
EconomyJerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
By Nick LichtenbergMarch 30, 2026
powell
EconomyJerome Powell lets loose: ‘it’s very hard to build great democratic institutions and much easier to bring them down’
By Michael Casey and The Associated PressMarch 30, 2026
Trump said the Iran war was ‘very complete’ three weeks ago. Oil has surged 50% since, and analysts are warning of stagflation
EconomyTrump said the Iran war was ‘very complete’ three weeks ago. Oil has surged 50% since, and analysts are warning of stagflation
By Eva RoytburgMarch 30, 2026
Bond yields are falling even as oil tops $102, showing that Wall Street fears recession more than inflation
EnergyBond yields are falling even as oil tops $102, showing that Wall Street fears recession more than inflation
By Jason MaMarch 30, 2026
War against Iran to escalate as we approach six-week ‘TACO’ timetable, analysts say
EconomyWar against Iran to escalate as we approach six-week ‘TACO’ timetable, analysts say
By Jim EdwardsMarch 30, 2026
Dow futures fall 300 points as Wall Street braces for potential U.S. ground assault on Iran and Houthi attacks that could slash oil supplies further
EnergyDow futures fall 300 points as Wall Street braces for potential U.S. ground assault on Iran and Houthi attacks that could slash oil supplies further
By Jason MaMarch 29, 2026
Russia was expecting a windfall from soaring oil prices, but relentless Ukrainian drone attacks are devastating nearly half its export capacity
EnergyRussia was expecting a windfall from soaring oil prices, but relentless Ukrainian drone attacks are devastating nearly half its export capacity
By Jason MaMarch 29, 2026
iran
EnergyGlobal economy takes gut punch from war in Iran, with nobody untouched the longer it goes on
By Paul Wiseman and The Associated PressMarch 29, 2026
sony
PoliticsSony raises PlayStation price another $100, second price hike in under a year
By Matt Ott and The Associated PressMarch 29, 2026
haile
CommentaryAmerica has a workforce crisis. The solution is already here — and it’s being wasted
By Gregory HaileMarch 29, 2026
Senator Elizabeth Warren
Real EstateThe ROAD Act passed by the Senate aims to expand America’s housing supply. It’s likely to shrink it instead
By Shawn TullyMarch 29, 2026
peter
CommentaryFormer Trump official: the U.S. can win the AI race — if it gets patent policy right
By Laura PeterMarch 29, 2026
Coal is back and nuclear is next: The Iran war is rewiring Asia’s energy future
EnergyCoal is back and nuclear is next: The Iran war is rewiring Asia’s energy future
By Nicholas GordonMarch 29, 2026
Saudi pipeline to bypass Hormuz hits 7 million barrel goal
EnergySaudi pipeline to bypass Hormuz hits 7 million barrel goal
By Emma Ross-Thomas and BloombergMarch 28, 2026
There are now nearly 50% more home sellers than buyers as mismatch widens to a record 630,000. But it’s only a buyer’s market if you can afford it
Real EstateThere are now nearly 50% more home sellers than buyers as mismatch widens to a record 630,000. But it’s only a buyer’s market if you can afford it
By Jason MaMarch 28, 2026
Dollar dominance is reinforced by the global oil trade, but the Iran war could give rise to the ‘petroyuan’ as the U.S. security shield weakens
EconomyDollar dominance is reinforced by the global oil trade, but the Iran war could give rise to the ‘petroyuan’ as the U.S. security shield weakens
By Jason MaMarch 28, 2026
U.S. debt suddenly draws weaker demand as $10 trillion must be rolled over this year amid Iran war. ‘The bond market remains undefeated’
EconomyU.S. debt suddenly draws weaker demand as $10 trillion must be rolled over this year amid Iran war. ‘The bond market remains undefeated’
By Jason MaMarch 28, 2026
‘Airport Dad’ faces reckoning amid long lines as travelers told not to arrive too early: ’90 minutes before departure is all you need’
Economy‘Airport Dad’ faces reckoning amid long lines as travelers told not to arrive too early: ’90 minutes before departure is all you need’
By John Seewer and The Associated PressMarch 28, 2026
Biden’s Build America, Buy America law spurs affordable housing bottleneck as Trump’s federal staffing cuts slow waiver approvals
Real EstateBiden’s Build America, Buy America law spurs affordable housing bottleneck as Trump’s federal staffing cuts slow waiver approvals
By Charlotte Kramon and The Associated PressMarch 28, 2026
As fuel prices soar on Iran war, some lawmakers push to suspend federal gas tax that pays for highway and public transit programs
EnergyAs fuel prices soar on Iran war, some lawmakers push to suspend federal gas tax that pays for highway and public transit programs
By Matthew Daly and The Associated PressMarch 28, 2026
Iran-backed Houthis claim first missile launch on Israel, raising fears they will attack ships in the Red Sea and disrupt traffic through Suez Canal
PoliticsIran-backed Houthis claim first missile launch on Israel, raising fears they will attack ships in the Red Sea and disrupt traffic through Suez Canal
By Samy Magdy, Aamer Madhani, Jon Gambrell and The Associated PressMarch 28, 2026
The stay-at-home boyfriend is now an economic trend as more women than men go to work
EconomyThe stay-at-home boyfriend is now an economic trend as more women than men go to work
By Catherina GioinoMarch 28, 2026
rick
AIMeet a 29-year-old blue-collar founder who used AI to triple his revenue in 3 years
By Nick LichtenbergMarch 28, 2026
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Real Estate
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech townsplaceholder alt text
By Fortune EditorsApril 2, 2026
Personal Finance
Current price of gold as of April 1, 2026placeholder alt text
By Fortune EditorsApril 1, 2026
Real Estate
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking billions in tax revenue with themplaceholder alt text
By Fortune EditorsApril 2, 2026
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