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Plowshares into swords: Trump’s $1.5 trillion defense surge is the largest since World War II — and no one can explain how to pay for it

“MAGA was told an untruth by Trump — no foreign wars, no adventurism,” Steve Hanke told Fortune. “This is a massive militarization.”

By Nick LichtenbergApril 3, 2026

JPMorgan Chase CEO Jamie Dimon

Jamie Dimon says the U.S. was right to go to war with Iran: ‘Why the western world put up with all these proxy wars for 45 years is kind of beyond me’

By Tristan BoveApril 3, 2026

Bernie sanders angry pointing

Bernie Sanders calls out Bezos, Musk, Bloomberg, and Buffett in billionaire tax push: ‘The richest people in America have never ever had it so good’

By Catherina GioinoApril 3, 2026

Energy markets are having a Wile E. Coyote moment as oil supplies go off a cliff, expert says

Energy markets are having a Wile E. Coyote moment as oil supplies go off a cliff, expert says

By Jason MaApril 3, 2026

Microsoft is spending billions on AI—but even NASA astronauts can’t escape Outlook headaches

Microsoft is spending billions on AI—but even NASA astronauts can’t escape Outlook headaches

By Marco Quiroz-GutierrezApril 3, 2026

donald trump

A $10 billion ‘slush fund’ to pay TSA agents: Trump’s latest unilateral loophole, explained

By Jake AngeloApril 3, 2026

tiger

‘I was just talking to the president’: Tiger Woods bodycam video hints at Trump role

Woods could be heard saying, “Thank you so much,” as he hung up and the deputy approached.

By R.J. Rico and The Associated PressApril 3, 2026

Colleges under pressure over building names with Epstein connections

Small protests have been held in recent months at Ohio State University with a single goal: removing billionaire Les Wexner’s name from buildings.

By Julie Carr Smyth, Michael Casey and The Associated PressApril 2, 2026

I knew about North Korean hackers—they still tricked me and got into my computer

A source reached out to me over Telegram. I didn’t realize his account was compromised until it was almost too late.

By Ben WeissApril 2, 2026

‘This administration’s goal is to instill fear into people’: immigrants seeking asylum are sent to countries they’ve never been to

Immigrants are being deported to “safe third countries” while they seek asylum in the United States.

By The Associated Press, Tim Sullivan, Garance Burke, Joshua Goodman, Molly A. Wallace and Rodney MuhumuzaApril 2, 2026

More in Politics

macron

France, South Korea say they’ll work together on reopening Strait of Hormuz

The two leaders did not take questions and did not elaborate on how they would help reopen the strait.

By Kim Tong-Hyung, Hyung-Jin Kim and The Associated PressApril 3, 2026

Trump insists $1.5 trillion military budget for a war Congress didn’t approve ranks above day care, Medicare, Medicaid

“It’s not possible for us to take care of day care, Medicaid, Medicare — all these individual things. They can do it on a state basis.”

By Lisa Mascaro, Kevin Freking and The Associated PressApril 3, 2026

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 smacks down Trump speech with argument that $4 gas is ‘less than half’ of the Hormuz hit. Here’s what he’s talking about

Several other essential commodities cross the critical choke point, and a prolonged closure of the strait could injure American consumers.

By Jake AngeloApril 2, 2026

More in Politics

Latest Stories

The Benefits of Red Light Therapy: Expert-Approved Advice

Health The Benefits of Red Light Therapy: Expert-Approved Advice

By Katherine Van DisApril 3, 2026

A woman working alone in an office

AI MIT created duplicate AI workers to tackle thousands of different tasks. The verdict? Most of the time AI is still just ‘minimally sufficient’

By Tristan BoveApril 3, 2026

Fortune 500 Power Moves: Which executives are gaining and losing power

C-Suite Fortune 500 Power Moves: Which executives are gaining and losing power

By Fortune EditorsApril 3, 2026

Dario Amodei sits in a white chair with his hands pressed together in front of a pink and orange background.

AI The AI kill switch just got harder to find: LLM-powered chatbots will defy orders and deceive users if asked to delete another model, study finds

By Sasha RogelbergApril 3, 2026

Depressed worker feel tried after overwork and disappointed for his job or being fired.

Economy The jobs report looks good ‘for the wrong reasons,’ top economist warns: It’s hiding how many Americans are giving up

By Eva RoytburgApril 3, 2026

Starbucks baristas working in store

Success Starbucks is offering $1,200 bonuses, expanded tipping, and weekly payouts to boost the pay of its U.S. baristas

By Emma BurleighApril 3, 2026

Red Lobster is reportedly bringing back Endless Shrimp 2 years after the CEO vowed it would never return

Retail Red Lobster is reportedly bringing back Endless Shrimp 2 years after the CEO vowed it would never return

By Sydney LakeApril 3, 2026

Albert Bourla

Success Only one U.S. university ranks in the world’s top 10 in STEM. Pfizer’s CEO is calling for change

By Preston ForeApril 3, 2026

More NewsPage 19 of 80

As Iran attacks Dubai, the tax-free haven for the global elite could see ‘catastrophic’ fallout — ‘this can also send shockwaves globally’

Middle East As Iran attacks Dubai, the tax-free haven for the global elite could see ‘catastrophic’ fallout — ‘this can also send shockwaves globally’

By Jason MaMarch 1, 2026

trump

Politics Trump said ‘we must abandon the failed policy of nation building and regime change’ in 2016. So what changed?

By Tim Sullivan and The Associated PressMarch 1, 2026

khamenei

Politics Weeks before his death, Iran’s 86-year-old Supreme Leader heard shouts of ‘Death to Khamenei’ and unleashed a bloody crackdown

By Lee Keath, Cara Anna and The Associated PressMarch 1, 2026

trump

Middle East Top diplomat on Middle Eastern regime change as a losing game: ‘U.S. history in that area of the world is not good with this’

By Donald Heflin and The ConversationMarch 1, 2026

Secret Service boosts security at key sites after Iran attacks

North America Secret Service boosts security at key sites after Iran attacks

By Myles Miller and BloombergMarch 1, 2026

OPEC+ to resume oil output increases as Iran conflict rages

Energy OPEC+ to resume oil output increases as Iran conflict rages

By Grant Smith, Nayla Razzouk, Salma El Wardany, Fiona MacDonald and BloombergMarch 1, 2026

Iran will pick a new supreme leader in ‘one or two days’ as retaliation attacks spread to more targets after Khamenei’s death

Politics Iran will pick a new supreme leader in ‘one or two days’ as retaliation attacks spread to more targets after Khamenei’s death

By Jon Gambrell, Melanie Lidman, Josh Boak, Eric Tucker and The Associated PressMarch 1, 2026

Air fares could rise if Iran conflict lingers as carriers reroute flights and burn more fuel to dodge airspace closures across Mideast

Politics Air fares could rise if Iran conflict lingers as carriers reroute flights and burn more fuel to dodge airspace closures across Mideast

By Cara Rubinsky, Marc Levy, Josh Funk and The Associated PressMarch 1, 2026

Ray Dalio, Scott Bessent and House members from both sides of the aisle are rallying around a ‘3% solution’ to tame the out of control national debt

Economy Ray Dalio, Scott Bessent and House members from both sides of the aisle are rallying around a ‘3% solution’ to tame the out of control national debt

By Shawn TullyMarch 1, 2026

U.S. President Donald Trump delivers the State of the Union address during a joint session of Congress in the House Chamber at the Capitol on February 24, 2026 in Washington, D.C.

Energy Your utility bills keep going up. Here’s everyone you can blame—AI data centers included

By Jordan BlumMarch 1, 2026

Politics Israel, U.S. stiff-arm U.N. during emergency Security Council meeting

By Edith M. Lederer, Farnoush Amiri and The Associated PressFebruary 28, 2026

massie

Politics Thomas Massie among few Republicans to criticize Trump over war powers: ‘This is not ‘America First”

By Lisa Mascaro and The Associated PressFebruary 28, 2026

protest

Politics A month before Iran strikes, Trump told Iranian protesters help was on the way amid a government crackdown

By Aamer Madhani, Josh Boak and The Associated PressFebruary 28, 2026

trump

Politics Marjorie Taylor Greene rips Iran strikes as Trump betraying America First: ‘It’s always a lie and it’s always America Last’

By Steven Sloan and The Associated PressFebruary 28, 2026

lavrov

Politics Russia accuses America of ‘pre-planned and unprovoked act of armed aggression’ against Iran

By Claudia Ciobanu, Sam McNeil, Sam Metz and The Associated PressFebruary 28, 2026

iran

Politics American, Israeli strike on Iran came 2 days after latest talks, as theocracy struggled with nationwide protests

By Brian Melley and The Associated PressFebruary 28, 2026

khamenei

Politics Iranian Supreme Leader Khamenei dies after major attack by Israel and the U.S., Iranian state media confirms

By Jon Gambrell, Melanie Lidman, Josh Boak, Eric Tucker and The Associated PressFebruary 28, 2026

Trump says U.S. will bomb Iran uninterrupted ‘as long as necessary’ to achieve peace in Mideast and the world after confirming Khamenei’s death

Middle East Trump says U.S. will bomb Iran uninterrupted ‘as long as necessary’ to achieve peace in Mideast and the world after confirming Khamenei’s death

By Jason MaFebruary 28, 2026

Pentagon chief blocks officers from attending Ivy League schools and other top universities, including partners on AI and space

Politics Pentagon chief blocks officers from attending Ivy League schools and other top universities, including partners on AI and space

By Jason MaFebruary 28, 2026

Trump calls death of Ayatollah Ali Khamenei the ‘single greatest chance for the Iranian people to take back their Country’

Politics Trump calls death of Ayatollah Ali Khamenei the ‘single greatest chance for the Iranian people to take back their Country’

By Jon Gambrell, Konstantin Toropin, Josh Boak, Aamer Madhani and The Associated PressFebruary 28, 2026

Dubai’s worst nightmare unfolds as Iran strikes Gulf neighbors

Politics Dubai’s worst nightmare unfolds as Iran strikes Gulf neighbors

By Dana Khraiche, Fiona MacDonald and BloombergFebruary 28, 2026

FBI raises terrorism alert over fears of retaliation by Iran

Politics FBI raises terrorism alert over fears of retaliation by Iran

By Myles Miller and BloombergFebruary 28, 2026

Iran’s missile barrage tests whether U.S. has enough interceptors

Politics Iran’s missile barrage tests whether U.S. has enough interceptors

By Gerry Doyle and BloombergFebruary 28, 2026

Iran is now on ‘death ground’ amid existential threat from U.S. attacks and could ‘go big’ in retaliation, former NATO commander warns

Middle East Iran is now on ‘death ground’ amid existential threat from U.S. attacks and could ‘go big’ in retaliation, former NATO commander warns

By Jason MaFebruary 28, 2026

trump

Law ‘Why shouldn’t we get our money back too?’ Normal people are starting to demand Trump tariff refunds

By Mae Anderson and The Associated PressFebruary 28, 2026

trump

Politics Trump says Cuba has ‘no money’ and ‘maybe we’ll have a friendly takeover’

By Will Weissert and The Associated PressFebruary 28, 2026

clinton

Politics Bill Clinton on his Jeffrey Epstein relationship: ‘I saw nothing, and I did nothing wrong’

By Stephen Groves and The Associated PressFebruary 28, 2026

paramount

Law Warner/Paramount sets up Hollywood to shrink from Big 5 to Big 4, a decade after Disney took out number 6

By Lindsey Bahr and The Associated PressFebruary 28, 2026

iran

Politics ‘This will be probably your only chance for generations’: Trump tells Iranians to first take cover, then rise up

By Brian Melley and The Associated PressFebruary 28, 2026

trump

Politics Trump urges Iranians to ‘take over your government’ as he launches ‘major combat operations’

By The Associated PressFebruary 28, 2026

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Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns

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By Fortune EditorsApril 2, 2026

Major 4-day workweek study suggests that when we work 5 days we spend one doing basically nothing

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By Fortune EditorsApril 2, 2026

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

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By Fortune EditorsApril 2, 2026

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