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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
More EconomyPage 94 of 100
Shot of a young businesswoman at work blowing her nose
SuccessGerman bosses are blaming the country’s economic woes on ‘work-shy’ Gen Z calling in sick nearly 20 times a year
By Ryan HoggFebruary 25, 2025
S&P 500 notches a comeback after Friday blowout marks its worst trading session of the year 
FinanceS&P 500 notches a comeback after Friday blowout marks its worst trading session of the year 
By Marco Quiroz-GutierrezFebruary 24, 2025
U.S. President Donald Trump and his Russian counterpart Vladimir Putin at the G20 summit in Osaka in 2019.
CommentaryWhy 1,000 global companies left Russia and won’t return—no matter what Trump and Putin say
By Jeffrey Sonnenfeld and Steven TianFebruary 20, 2025
A protestor holds a banner during a demonstration against the policies of US President Donald Trump and Elon Musk's Department of Government Efficiency (DOGE) near Musk's SpaceX headquarters in Washington, DC, on February 19
PoliticsTrump backs Musk proposal to return billions of dollars in DOGE savings to taxpayers because ‘the numbers are incredible’
By Christiaan HetznerFebruary 20, 2025
US Federal Reserve Chairman Jerome Powell
FinanceTrump shot himself in the foot with tariff plan if he wants an interest rate cut, Fed minutes show
By Eleanor PringleFebruary 20, 2025
‘Inflation is back,’ Trump says. ‘I had nothing to do with it’
Finance‘Inflation is back,’ Trump says. ‘I had nothing to do with it’
By Alena BotrosFebruary 19, 2025
A man walks past a giant Euro logo at the visitor centre of the European Central Bank (ECB) headquarters, ahead of an ECB press conference on the Eurozone's monetary policy, in Frankfurt am Main, western Germany, on July 18, 2024.
FinanceECB extends hybrid policy that allows staff to work anywhere in the EU for 90 days a year after rave reviews
By Ryan HoggFebruary 19, 2025
United States President Donald J. Trump speaks at the Friends of Ireland luncheon hosted by United States Speaker of the House of Representatives Paul Ryan, Republican of Wisconsin, at the United States Capitol March 15, 2018 in Washington, DC.
FinanceWeight-loss drug Zepbound helped drive Ireland to $76 billion in goods exports to the U.S. last year—a bittersweet reminder of the challenges ahead
By Ryan HoggFebruary 19, 2025
Photo of Mario Draghi
FinanceEurope is already sabotaging its own economy far more than U.S. tariffs could, former ECB president says
By Jason MaFebruary 16, 2025
Federal Reserve Chair Jerome Powell
FinanceRate cut hopes are fading fast as inflation data and record egg prices make ‘very uncomfortable’ reading for Jerome Powell
By Eleanor PringleFebruary 13, 2025
Tesla, SpaceX and X CEO Elon Musk
PoliticsElon Musk wants to tear out entire federal agencies: ‘It’s like a weed. If you don’t remove the roots, the weed will grow back’
By Eleanor PringleFebruary 13, 2025
A person standing in a kitchen looking at a receipt.
Personal FinanceEveryday prices increased again in January, and so did inflation
By Cassie BottorffFebruary 12, 2025
How the richest woman in the world—mocked as a ‘miser’ in the press—helped bail out New York City during the panic of 1907
FinanceHow the richest woman in the world—mocked as a ‘miser’ in the press—helped bail out New York City during the panic of 1907
By Will DanielFebruary 11, 2025
US President Donald Trump
FinanceTrump claims Elon Musk’s DOGE ‘geniuses’ have found ‘very fraudulent stuff’
By Eleanor PringleFebruary 10, 2025
People shaking hands in front of a house.
Personal Finance2024 new home sales hit their highest pace in three years. Does that mean lower home prices are around the corner?
By Glen Luke FlanaganFebruary 10, 2025
US President Donald Trump during an executive order signing ceremony in the Oval Office of the White House in Washington, DC, US, on Thursday, Jan. 30, 2025.
FinanceTrump vows to tap America’s ‘liquid gold’ oil reserves and ‘drill baby, drill’—the only problem is, it’s not up to him
By Eleanor PringleFebruary 9, 2025
Bank of England gives hawkish warning as it cuts rates to 4.5%
FinanceBank of England gives hawkish warning as it cuts rates to 4.5%
By AFPFebruary 6, 2025
Ex-Monzo CEO Tom Blomfield talks at TechCrunch Disrupt Berlin 2017 at Arena Berlin on December 4, 2017
TechMonzo founder says the American dream is ‘antithetical’ to British culture, where a ‘know your place’ attitude kills innovation
By Ryan HoggFebruary 6, 2025
Semafor CEO Justin Smith speaks into a microphone
FinanceSemafor says over 200 CEOs have already committed to attend its economic conference—’the closest thing to what Davos has accomplished in Switzerland’
By David Bauder and The Associated PressFebruary 5, 2025
A middle-aged man picks up his medications at a pharmacy.
HealthPatients will pay more for prescription meds and face drug shortages amid Trump tariffs, pharma groups warn
By Lindsey LeakeFebruary 5, 2025
A hockey fan booing from the crowd
PoliticsCanadians are booing the American national anthem at sports games even after Trump paused his tariffs rollout
By The Associated PressFebruary 5, 2025
Goldman Sachs says Trump’s tariffs could bruise stocks, estimating every 5-percentage-point increase would slash S&P 500 earnings per share by 1%–2%
FinanceGoldman Sachs says Trump’s tariffs could bruise stocks, estimating every 5-percentage-point increase would slash S&P 500 earnings per share by 1%–2%
By Alena BotrosFebruary 4, 2025
Photo of Donald Trump
FinanceTrump crying wolf over tariffs has already convinced Wall Street that threats will be short-lived
By Eleanor PringleFebruary 4, 2025
The finance world mostly agrees: Trump’s tariffs are bad news
FinanceThe finance world mostly agrees: Trump’s tariffs are bad news
By Alena BotrosFebruary 3, 2025
U.S. President Donald Trump talks to reporters after signing an executive order, "Unleashing prosperity through deregulation," in the Oval Office on January 31, 2025 in Washington, DC.
FinanceTrump’s tariff threats were not taken seriously and markets completely underpriced the risks, Deutsche Bank strategist says
By Eleanor PringleFebruary 3, 2025
Federal Reserve chair Jerome Powell
FinanceTrump rails against the Fed after it left interest rates untouched
By Paolo ConfinoJanuary 29, 2025
The Fed sent stocks spiraling after its last meeting, and now the central bank left interest rates untouched
FinanceThe Fed sent stocks spiraling after its last meeting, and now the central bank left interest rates untouched
By Alena BotrosJanuary 29, 2025
Spain leads the bloc as economy grows faster than eurozone peers and unemployment declines
PoliticsSpain leads the bloc as economy grows faster than eurozone peers and unemployment declines
By AFPJanuary 29, 2025
Vivek Ramaswamy, former Republican presidential nominee, at a Trump campaign rally
PoliticsVivek Ramaswamy breaks silence on Musk and DOGE exit as Fox News teases entrepreneur for lasting only ‘three Scaramuccis’
By Christiaan HetznerJanuary 28, 2025
Federal Chancellor Olaf Scholz (SPD), the SPD's lead candidate for the 2025 federal election, visits the Samson AG construction site as part of the federal election campaign.
FinanceGermany stuck in ‘deep economic crisis’ as major industry lobby predicts longest downturn since 1990 reunification
By Ryan HoggJanuary 28, 2025
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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
Success
Major 4-day workweek study suggests that when we work 5 days we spend one doing basically nothingplaceholder alt text
By Fortune EditorsApril 2, 2026
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