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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
messi
Apollo and FC Barcelona just proved legacy markets are losing their grip on business
By Mike SimasApril 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
Image showing multiple computer screens with code.
Mercor, a $10 billion AI startup that works with companies including OpenAI and Anthropic, confirms major data breach
By Beatrice NolanApril 2, 2026
Trump at podium with bondi watching
Trump ousts Pam Bondi as attorney general
By The Associated Press, Alanna Durkin Richer, Eric Tucker, Michael Balsamo and Michelle L. PriceApril 2, 2026
Latest Stories
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
Mortgage rates today, April 3, 2026
Personal FinanceMortgage rates today, April 3, 2026
By Glen Luke FlanaganApril 3, 2026
Current refi mortgage rates report for April 3, 2026
Personal FinanceCurrent refi mortgage rates report for April 3, 2026
By Glen Luke FlanaganApril 3, 2026
Current ARM mortgage rates report for April 3, 2026
Personal FinanceCurrent ARM mortgage rates report for April 3, 2026
By Glen Luke FlanaganApril 3, 2026
Ed Bastion, wearing a suit and glasses, speak and points with one finger to his left.
C-SuiteHow Delta CEO Ed Bastian built a massive partnership with American Express that now generates over 10% of the airline’s revenue
By Sasha RogelbergApril 3, 2026
The Walmart billionaires next door: Quiet backlash is brewing against the heirs who remade the retailer’s hometown
MagazineThe Walmart billionaires next door: Quiet backlash is brewing against the heirs who remade the retailer’s hometown
By Jessica MathewsApril 3, 2026
picture of the word "solana"
CryptoLatest crypto hack sees thieves make off with $280 million from Solana DeFi platform Drift
By Carlos GarciaApril 2, 2026
More PoliticsPage 7 of 100
bessent
EconomyThe national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it
By Nick LichtenbergMarch 18, 2026
  • Donald Trump
    PoliticsTrump’s ‘Art of the Deal’ can’t reopen the Strait of Hormuz—and it’s threatening a recession
    By Nick LichtenbergMarch 16, 2026
iran
CybersecurityEvery Fortune 500 CEO’s nightmare: the Iran war and the Pandora’s Box of AI cyber warfare
By Nick LichtenbergMarch 18, 2026
Female sculptor using a digital tablet in her art studio
EconomyGoldman Sachs says small businesses are embracing AI, but fewer than 1 in 5 are good at actually integrating it
By Tristan BoveMarch 18, 2026
Mayes speaks at a podium.
LawArizona calls Kalshi an illegal gambling business as first state in first state lawsuit against company
By Hannah Schoenbaum and The Associated PressMarch 18, 2026
boy holding phone in front of his face
PoliticsSocial media companies are scrambling to verify minors online. Congress just made it a lot more complicated
By Catherina GioinoMarch 18, 2026
Marines Celebration
North America‘One in a million’ shrapnel rain fell on California highway, military report says
By The Associated Press and Christopher WeberMarch 18, 2026
  • U.S. President Donald Trump listens during a press conference with Ukrainian President Volodymyr Zelensky following their meeting at Trump’s Mar-a-Lago club on December 28, 2025 in Palm Beach, Florida.
    Politics‘Blackmail is also not what I wish for’: America’s allies are ghosting Trump on Strait of Hormuz
    By Eva RoytburgMarch 16, 2026
Delta CEO slams Washington over unpaid TSA agents, says front-line workers are being used as ‘political chips’
PoliticsDelta CEO slams Washington over unpaid TSA agents, says front-line workers are being used as ‘political chips’
By Marco Quiroz-GutierrezMarch 18, 2026
train tunnel construction
PoliticsNew York is suing the Trump Administration again—This time over $58 million in withheld subway funding
By The Associated PressMarch 18, 2026
Director of National Intelligence Tulsi Gabbard with Trump
PoliticsTulsi Gabbard won’t say whether she warned Trump that Iran could block the Strait of Hormuz
By The Associated Press, Eric Tucker, David Klepper and Stephen GrovesMarch 18, 2026
Woman in blue in front of the American flag
PoliticsAI and Crypto spent nearly $20 million to reshape Illinois’s Democratic primaries. They mostly lost
By The Associated Press and Matt BrownMarch 18, 2026
man in suit raising hand swearing oath
PoliticsMarkwayne Mullin called Rand Paul a ‘freaking snake.’ Paul questioned whether ‘someone who applauds violence’ should lead DHS
By The Associated Press and Rebecca SantanaMarch 18, 2026
  • President Donald Trump at the White House
    EconomyThe energy crisis isn’t recessionary yet, but there’s a scenario where oil prices could bring the US economy to a ‘standstill,’ Oxford Economics says
    By Tristan BoveMarch 16, 2026
A sign displays the price of diesel fuel, which is at $5.99 at a Maverick gas station
Energy‘I just want all of it to end’: U.S. gas prices reach highest level since 2023 with no end for the Iran War in sight
By Wyatte Grantham-Philips and The Associated PressMarch 18, 2026
Trump flipping his jacket up against a green backgroun
EnergyTrump said the U.S. would “run” Venezuela and sell its oil. Now it’s starting to happen
By The Associated Press, Fatima Hussein and Regina Garcia CanoMarch 18, 2026
PHOTO: DONALD TRUMP
Big TechAs Trump rages against his allies, Republicans are asking what the plan is to end the chaos in Iran
By Jim EdwardsMarch 18, 2026
man in a suit
PoliticsWho is Joe Kent? Meet the Green Beret, MAGA loyalist, and former political candidate who quit over Iran
By Catherina GioinoMarch 17, 2026
Three men standing in front of a white background.
Economy‘100% completely unsustainable as a society.’ Billionaire advisor calls out widening inequality that leaves America’s poorest 80% ‘falling behind’
By Tristan BoveMarch 17, 2026
Trump surrounded by children
PoliticsWon’t somebody think of the children? Advocacy group to spend $50 million to back Democrats pushing child care ahead of the midterms
By The Associated Press and Moriah BalingitMarch 17, 2026
Elon Musk stares
Economy‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
By Jacqueline MunisMarch 17, 2026
trump
CommentaryTrump’s Iran War looks improvised. It isn’t. Here’s the playbook he’s been running for decades
By Jeffrey Sonnenfeld and Steven TianMarch 17, 2026
Trump yelling, camera looking up from an angle
Politics‘We started this war due to pressure from Israel and its powerful American lobby:’ Trump’s National Counterterrorism Center director resigns over war
By The Associated Press and Seung Min KimMarch 17, 2026
Trump holds a soccer ball along with two men in suits on either side of him.
PoliticsThe World Anti-Doping Agency wants to ban Trump and U.S. government officials from international sporting events for not paying their dues
By The Associated Press and Eddie PellsMarch 17, 2026
trump
PoliticsEither Trump is lying or the 4 other living presidents are, about war on Iran
By Darlene Superville, Steven Sloan and The Associated PressMarch 17, 2026
Photo: President Trump.
EconomyBackchannel talks between U.S. and Iran offer Trump an off-ramp—if he wants it
By Jim EdwardsMarch 17, 2026
stiglitz
Arts & EntertainmentNobel economist Joseph Stiglitz says Trump replaced ‘The rule of law with a question: How much will you give me?’
By Joseph E. StiglitzMarch 17, 2026
Photo of Ray Dalio
Middle EastRay Dalio warns a brutal ‘final battle’ for the Strait of Hormuz is coming—and losing could end the American empire
By Eva RoytburgMarch 17, 2026
Photo of a sign reading Billionaire Tax Now
PoliticsOnly 6 billionaires left California over its proposed wealth tax—but they took $27 billion in potential revenue with them 
By Jacqueline MunisMarch 17, 2026
Trump suggests postponing his key meeting with Xi Jinping by ‘a month or so,’ as Iran overtakes China on the U.S.’s agenda
PoliticsTrump suggests postponing his key meeting with Xi Jinping by ‘a month or so,’ as Iran overtakes China on the U.S.’s agenda
By Angelica AngMarch 17, 2026
Photos of Elon Musk (left) and Sen. Bernie Sanders
Personal FinanceMusk says taxing every billionaire at 100% would barely make a dent in the national debt. Bernie says tax them 5% and you’re $3,000 richer
By Catherina GioinoMarch 17, 2026
U.S. debt is competing with a record supply of corporate bonds, pushing up the cost of federal borrowing just as war spending piles up
EconomyU.S. debt is competing with a record supply of corporate bonds, pushing up the cost of federal borrowing just as war spending piles up
By Jason MaMarch 16, 2026
Photo of Elon Musk
Politics‘No, we didn’t’: DOGE staffer admits Elon Musk’s cost-cutting agency failed to reduce the federal deficit
By Sasha RogelbergMarch 16, 2026
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