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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 97 of 100
A woman holds a sign saying "Donate" on Giving Tuesday, the first Tuesday after Thanksgiving
SuccessAmericans donated $3.6 billion on the Tuesday after Thanksgiving, which has become a holiday in its own right
By Thalia Beaty and The Associated PressDecember 5, 2024
U.S. President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell in 2017
PoliticsDonald Trump keeps baiting the Fed—but Jerome Powell’s not biting: ‘I’m going to disappoint you’
By Eleanor PringleDecember 5, 2024
Brian Moynihan, Bank of America CEO (left) has some thoughts on how Elon Musk (right) might have to approach his work at DOGE.
FinanceBrian Moynihan has some advice for Elon Musk when it comes to running the DOGE—but it may not be the Tesla CEO’s style
By Eleanor PringleDecember 4, 2024
Quasi-religious beliefs have ended 200 years of European growth, author argues
CommentaryQuasi-religious beliefs have ended 200 years of European growth, author argues
By Jon MoynihanDecember 3, 2024
A woman wearing a MAGA hat behind a candy counter smiles and gives a thumbs up
RetailSmall businesses are scrambling to prepare for Trump’s tariffs ‘to get ahead of what’s to come’
By Mae Anderson and The Associated PressDecember 3, 2024
AI optimists are behaving like the investors who got burned in the Great Depression and dot-com bubble, Vanguard’s chief economist warns
CommentaryAI optimists are behaving like the investors who got burned in the Great Depression and dot-com bubble, Vanguard’s chief economist warns
By Joseph H. DavisDecember 2, 2024
Trump threatens 100% tariff on the BRIC nations if they act to undermine US dollar
FinanceTrump threatens 100% tariff on the BRIC nations if they act to undermine US dollar
By Fatima Hussein and The Associated PressNovember 30, 2024
Russian President Vladimir Putin
FinanceRussia’s ruble is still worth less than a penny, and the Kremlin’s piggy bank for propping it up is running low
By Jason MaNovember 30, 2024
Jamie Dimon and Donald Trump
PoliticsJamie Dimon hasn’t had recent talks with Donald Trump, source says, denying report of back-channel communications
By Jason MaNovember 30, 2024
Photo of Nouriel Roubini
Finance‘Dr. Doom’ Nouriel Roubini believes a second Trump term could push inflation as high as 5%
By Eleanor PringleNovember 29, 2024
Mature businessman on a coffee break
SuccessNearly a quarter of baby boomer and late Gen X men are ‘unretiring’ or planning to because they can’t afford to kick up their feet in the current climate
By Orianna Rosa RoyleNovember 29, 2024
German Fortune 500 companies have announced over 60,000 layoffs this year, but the biggest employee cull is still to come
FinanceGerman Fortune 500 companies have announced over 60,000 layoffs this year, but the biggest employee cull is still to come
By Ryan HoggNovember 28, 2024
Two people have an awkward interaction over a festive meal
FinanceBank of America’s guide on how to handle awkward economy and politics chat over Thanksgiving dinner 
By Eleanor PringleNovember 28, 2024
Jerome Powell, chairman of the US Federal Reserve.
FinanceDeutsche Bank warns Trump tariffs could stop Jerome Powell from cutting Fed rates at all next year
By Eleanor PringleNovember 27, 2024
The real reason Spain’s economy is bucking the trend of European decline
CommentaryThe real reason Spain’s economy is bucking the trend of European decline
By Jorge LluchNovember 26, 2024
Mads Krogsgaard Thomsen, chief executive officer of Novo Nordisk Foundation, during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, May 24, 2022.
HealthNovo Nordisk Foundation CEO dismisses ‘Nokia risk’ as ‘fundamentally different’ for Denmark’s economy
By Ryan HoggNovember 26, 2024
Dollar’s sizzling rally cools as Bessent nominated for Treasury
FinanceDollar’s sizzling rally cools as Bessent nominated for Treasury
By Matthew Burgess, Michael G. Wilson and BloombergNovember 24, 2024
Russian President Vladimir Putin
PoliticsRussia’s war economy is on its last legs, but peace may be even worse for Vladimir Putin, experts say
By Jason MaNovember 24, 2024
Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024.
PoliticsTrump team prepares to announce Scott Bessent as Treasury pick
By Saleha Mohsin, Nancy Cook, Annmarie Hordern, Joshua Green and BloombergNovember 22, 2024
US debt sustainability now seen as top financial stability risk
FinanceUS debt sustainability now seen as top financial stability risk
By Craig Torres and BloombergNovember 22, 2024
Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks during an Economic Club of New York event in New York, US
CompaniesTrump tariffs risk turning American businesses into corporate welfare recipients, warns Citadel’s Ken Griffin
By Christiaan HetznerNovember 22, 2024
Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach
RetailWalmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will
By Christiaan HetznerNovember 22, 2024
Donald Trump’s second term could mean a wave of visa denials and a chilling effect on hiring immigrant talent
LeadershipDonald Trump’s second term could mean a wave of visa denials and a chilling effect on hiring immigrant talent
By Emma BurleighNovember 22, 2024
DOGE notwithstanding, here are the 2 options Trump has to tackle the $35T national debt
CommentaryDOGE notwithstanding, here are the 2 options Trump has to tackle the $35T national debt
By Joao F. GomesNovember 22, 2024
President-elect Donald Trump and Elon Musk talk ring side during the UFC 309 event at Madison Square Garden on November 16.
PoliticsElon Musk’s first order of business in Trump administration: Kill remote work
By Christiaan HetznerNovember 21, 2024
Angela Merkel, once celebrated as one of the world’s most popular politicians, now faces growing scrutiny over her legacy
PoliticsAngela Merkel, once celebrated as one of the world’s most popular politicians, now faces growing scrutiny over her legacy
By Pierrick Yvon and AFPNovember 21, 2024
Goldman Sachs tells investors Trump’s tariffs pose a major ‘event risk’ and to expect growth to slow in 2025
FinanceGoldman Sachs tells investors Trump’s tariffs pose a major ‘event risk’ and to expect growth to slow in 2025
By Paolo ConfinoNovember 20, 2024
Metal worker using a grinder
FinanceThe corporate exodus from China is gaining momentum, study says
By Jason MaNovember 18, 2024
Gold bars for sale in the Grand Bazaar.
FinanceDonald Trump’s presidency could light a speculative fire under gold, pushing the price to a fresh all-time high
By Christiaan HetznerNovember 18, 2024
floor of the New York Stock Exchange
FinanceTrump’s scoreboard is S&P 500, and it’s Wall Street’s best hope
By Carmen Reinicke, Esha Dey and BloombergNovember 17, 2024
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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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