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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
A woman looks concerned as she fills up at a gas station
The 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
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
With an IPO on the horizon, OpenAI needs to own the narrative. Solution? Buy a tech talk show
NewslettersWith an IPO on the horizon, OpenAI needs to own the narrative. Solution? Buy a tech talk show
By Alexei OreskovicApril 3, 2026
electrical engineer
NewslettersLeaders push for a ‘Manhattan Project’ and public-private solutions around AI and labor
By Diane BradyApril 3, 2026
Today’s top high-yield savings rates: Up to 5.00% on April 3, 2026
Personal FinanceToday’s top high-yield savings rates: Up to 5.00% on April 3, 2026
By Glen Luke FlanaganApril 3, 2026
Top CD rates today, April 3, 2026: Lock in up to up to 4.20%
Personal FinanceTop CD rates today, April 3, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganApril 3, 2026
Photo of Sundar Pichai
InnovationGoogle CEO Sundar Pichai says we’re just a decade away from a new normal of extraterrestrial data centers
By Sasha RogelbergApril 3, 2026
Businesswoman reading a book on private jet while drinking champagne
SuccessThe world’s wealthiest families adopt these 7 key habits for success, according to JPMorgan
By Preston ForeApril 3, 2026
What it takes to retire comfortably in America: Nearly $1.5 million, Northwestern Mutual says
Personal FinanceWhat it takes to retire comfortably in America: Nearly $1.5 million, Northwestern Mutual says
By Sydney LakeApril 3, 2026
Cyprus and Ireland top list of best places to retire—as boomers are forced to ‘unretire’, the only real solution is to move abroad
SuccessCyprus and Ireland top list of best places to retire—as boomers are forced to ‘unretire’, the only real solution is to move abroad
By Orianna Rosa RoyleApril 3, 2026
More EconomyPage 89 of 100
U.S. Secretary of Treasury Scott Bessent and U.S. President Donald Trump look on during The White House Digital Assets Summit in the State Dining Room of the White House on March 07, 2025 in Washington, DC.
PoliticsMarkets will keep tanking until Trump tells them what it is he actually wants, Treasury’s Bessent reportedly tells president
By Christiaan HetznerApril 8, 2025
  • US President Donald Trump
    Politics‘Smell of stagflation’ is mounting as Trump’s Liberation Day arrives
    By Eleanor PringleApril 2, 2025
Donald Trump and Elon Musk
PoliticsCracks are beginning to show in the Musk-Trump partnership after the Tesla CEO reportedly appealed to White House on tariffs
By Eleanor PringleApril 8, 2025
GOP Senator wonders if tariff ‘medicine will be worse than the disease’—‘This is President Trump’s economy now’
FinanceGOP Senator wonders if tariff ‘medicine will be worse than the disease’—‘This is President Trump’s economy now’
By Chris Megerian, Josh Boak and The Associated PressApril 8, 2025
James Lamb works on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025.
FinanceWhat is a bear market? How Trump’s tariff blitz caused a market meltdown that could send the S&P 500 to lows not seen since 2022
By Stan Choe, Alex Veiga and The Associated PressApril 7, 2025
Larry Fink says most CEOs he talks to think US is in a recession
FinanceLarry Fink says most CEOs he talks to think US is in a recession
By Silla Brush and BloombergApril 7, 2025
A third-generation NYC candy shop owner says Trump’s historic tariffs will devastate his business—and fears ‘hyperinflation’
FinanceA third-generation NYC candy shop owner says Trump’s historic tariffs will devastate his business—and fears ‘hyperinflation’
By Matt Sedensky and The Associated PressApril 7, 2025
  • Kyla Scanlon, the Gen Z economic commentator who coined the word ‘vibecession,’ says we’re not in one
    FinanceKyla Scanlon, the Gen Z economic commentator who coined the word ‘vibecession,’ says we’re not in one
    By Alena BotrosApril 2, 2025
Bill Ackman attends Legion of Honour Award Ceremony and Dinner at the Park Avenue Armory in New York City.
PoliticsInvestor Bill Ackman pleads with Trump White House not to declare a ‘global economic war against the whole world at once’
By Christiaan HetznerApril 7, 2025
Wall Street expects the Fed to rescue the economy from Trump tariffs, but an emergency rate cut now could spark more panic, analyst warns
FinanceWall Street expects the Fed to rescue the economy from Trump tariffs, but an emergency rate cut now could spark more panic, analyst warns
By Jason MaApril 7, 2025
Jamie Dimon, chief executive officer of JPMorgan Chase
FinanceJamie Dimon concerned Trump tariffs will leave the U.S. out in the cold: ‘America First is fine, as long as it doesn’t end up being America alone’
By Eleanor PringleApril 7, 2025
U.S. President Donald Trump
FinanceDonald Trump shares video claiming he’s ‘purposefully crashing the market’—but then insists ‘he doesn’t want anything to go down’
By Eleanor PringleApril 7, 2025
Traders work on the floor of the New York Stock Exchange
Newsletters5 strategies CEOs are using to navigate Trump tariff turbulence
By Ruth Umoh and Lily Mae LazarusApril 7, 2025
  • Cory Booker stands on the Senate floor
    PoliticsCory Booker just pulled an all-nighter on the Senate floor, protesting Trump’s agenda for more than 14 hours straight: ‘These are not normal times’
    By Mike Catalini, Stephen Groves and The Associated PressApril 1, 2025
Trump tariffs could climb even further—to the highest since 1872—before they ease again as a cycle of retaliation and escalation plays out
FinanceTrump tariffs could climb even further—to the highest since 1872—before they ease again as a cycle of retaliation and escalation plays out
By Jason MaApril 6, 2025
Trump advisers say 50-plus countries have reached out for tariff talks with White House
PoliticsTrump advisers say 50-plus countries have reached out for tariff talks with White House
By Adriana Gomez Licon and The Associated PressApril 6, 2025
Bessent strikes defiant tariff tone as he rejects US recession
FinanceBessent strikes defiant tariff tone as he rejects US recession
By Shawn Donnan and BloombergApril 6, 2025
Trump tariffs could help clear the way for bigger tax cuts as Congress eyes a potential revenue windfall — and a shrinking economy
FinanceTrump tariffs could help clear the way for bigger tax cuts as Congress eyes a potential revenue windfall — and a shrinking economy
By Jason MaApril 5, 2025
JPMorgan says Trump’s tariffs to send US into recession
FinanceJPMorgan says Trump’s tariffs to send US into recession
By Matthew Boesler and BloombergApril 5, 2025
President Donald Trump gestures while speaking during an executive order signing event in the Oval Office of the White House on March 31, 2025 in Washington, DC.
PoliticsWhat is Trump really trying to achieve with his tariff plan, and will it work?
By Eleanor PringleApril 5, 2025
Trump tariffs are weakening the dollar instead of boosting it—further adding to the price Americans will pay for costlier imports
FinanceTrump tariffs are weakening the dollar instead of boosting it—further adding to the price Americans will pay for costlier imports
By Jason MaApril 5, 2025
Wharton’s Jeremy Siegel calls Trump’s tariffs the ‘biggest policy mistake in 95 years’
FinanceWharton’s Jeremy Siegel calls Trump’s tariffs the ‘biggest policy mistake in 95 years’
By Alena BotrosApril 4, 2025
Trump’s tariffs are not ‘common sense’—and they’re putting America’s credibility and ‘exorbitant privilege’ at risk
CommentaryTrump’s tariffs are not ‘common sense’—and they’re putting America’s credibility and ‘exorbitant privilege’ at risk
By Steve H. Hanke and Matt SekerkeApril 4, 2025
Construction workers wearing high vis vests
FinanceRobust March jobs report signals the economy is starting from a ‘position of strength’ if Trump tariffs spark downturn
By Paolo ConfinoApril 4, 2025
Trump is a drunk driver taking the economy off the cliff into a needless recession—as we warned
CommentaryTrump is a drunk driver taking the economy off the cliff into a needless recession—as we warned
By Jeffrey Sonnenfeld and Steven TianApril 4, 2025
U.S. President Donald Trump arrives to speak during a “Make America Wealthy Again” trade announcement event.
Politics‘There will be blood’: JPMorgan raises recession risk to 60% as global stock market sell off continues
By Christiaan HetznerApril 4, 2025
Donald Trump holds up a chart while speaking during a press conference about tariffs.
LeadershipTrump says tariffs will help U.S. manufacturing. So why are manufacturers so furious?
By Brit MorseApril 3, 2025
Trump’s tariffs put American growth and prosperity at risk—and raise the likelihood of a recession
CommentaryTrump’s tariffs put American growth and prosperity at risk—and raise the likelihood of a recession
By Gustavo Flores-MaciasApril 3, 2025
U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC.
FinanceTreasury Secretary Bessent blames Trump tariff sell-off in markets on deflating AI bubble: ‘That’s a Mag 7 problem, not a MAGA problem’
By Christiaan HetznerApril 3, 2025
A worker sweeps the floor on the production line at the Skoda Auto AS manufacturing plant in Mlada Boleslav, Czech Republic, on Monday, June 19, 2023. Volkswagen AG is set to outline broad plans to lift returns across its stable of mass-market brands as the carmaker seeks savings in the costly transition to electric cars.
FinanceThe Czech Republic, and its quiet automotive giant Skoda, are bucking an economic downturn unfolding in its crucial ally Germany
By Ryan HoggApril 3, 2025
US President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, DC, on April 2, 2025.
FinanceTrump’s new tariffs will make equity markets ‘suffer,’ economist says, with the ‘downside risk of retaliatory tariffs around the globe’
By Amanda GerutApril 2, 2025
Donald Trump announces sweeping reciprocal tariffs against ‘friend and foe’ with a 10% minimum 
FinanceDonald Trump announces sweeping reciprocal tariffs against ‘friend and foe’ with a 10% minimum 
By Alena BotrosApril 2, 2025
US President Donald Trump during an executive order signing in the Oval Office of the White House in March.
PoliticsTrump team was still hashing out ‘Liberation Day’ tariff plans 24 hours before the announcement
By Christiaan HetznerApril 2, 2025
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