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Interest on the national debt is eating a record 19% of federal revenue — and watchdog warns it will get worse

The 30-year Treasury yield just hit its highest point since before the Great Recession. A leading fiscal watchdog warns the timing could not be worse.

By Nick LichtenbergMay 27, 2026
Frustrated man in work meeting
Real estate billionaire was called the ‘worst analyst’ at Goldman Sachs—now he says the criticism was the best thing that ever happened to him
By Emma BurleighMay 27, 2026
Top CD rates from major banks May 27, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Top CD rates from major banks on May 27, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerMay 27, 2026
Exclusive: Airwallex launches billing product as $8 billion fintech continues to compete with rival Stripe
Exclusive: Airwallex launches billing product as $8 billion fintech continues to compete with rival Stripe
By Ben WeissMay 27, 2026
j
Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
By Nick LichtenbergMay 27, 2026
Robinhood launches agentic trading, announces credit card for AI agents with 3% cash back
Robinhood launches agentic trading, announces credit card for AI agents with 3% cash back
By Jeff John RobertsMay 27, 2026
Latest Stories
American Economist Robert Solow
EconomyEmployees using AI are working faster, but the economy isn’t more efficient. A look at what happened in the pre-Internet era might explain why
By Tristan BoveMay 27, 2026
man giving child keys to home
EconomyA study finds escaping your income bracket no longer means building wealth. That disconnect may be what’s driving consumer pessimism to record highs
By Jake AngeloMay 27, 2026
The U.K.’s top spy says the window to stay ahead of China and Russia is narrowing and cybersecurity needs to become ‘10 times more urgent’
CybersecurityThe U.K.’s top spy says the window to stay ahead of China and Russia is narrowing and cybersecurity needs to become ‘10 times more urgent’
By Marco Quiroz-GutierrezMay 27, 2026
Sanofi is building its own AI ecosystem to give the French pharma giant an edge
NewslettersSanofi is building its own AI ecosystem to give the French pharma giant an edge
By John KellMay 27, 2026
Nvidia CEO Jensen Huang
EconomyEven if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax
By Tristan BoveMay 27, 2026
‘PTO-maxxing’ is the summer hack turning 15 vacation days into 49 days off
Success‘PTO-maxxing’ is the summer hack turning 15 vacation days into 49 days off
By Sydney LakeMay 27, 2026
The unlikely origin of a $2.5 billion hospitality unicorn: a bored teenager working the night shift at his family business
Workplace CultureThe unlikely origin of a $2.5 billion hospitality unicorn: a bored teenager working the night shift at his family business
By Catherina GioinoMay 27, 2026
AI is changing the hospitality industry, and it’s changing how you stay in hotels
Future of WorkAI is changing the hospitality industry, and it’s changing how you stay in hotels
By Catherina GioinoMay 27, 2026
More BankingPage 6 of 52
Nicolai Tangen, chief executive officer of Norges Bank Investment Management, left, and Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Norges Bank Investment Management annual investment conference in Oslo, Norway, on Tuesday, April 28, 2026.
EconomyJamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
By Eleanor PringleApril 29, 2026
  • lecun
    AIGoldman tackles AI’s missing link: The ‘world model’ that every AI godfather is racing to figure out
    By Nick LichtenbergApril 23, 2026
The top high-yield savings rates: Up to 5.00% on April 29, 2026
Personal FinanceThe top high-yield savings rates: Up to 5.00% on April 29, 2026
By Glen Luke FlanaganApril 29, 2026
Islamic finance aligns naturally with ESG, says Maybank’s first-ever chief sustainability officer
EnvironmentIslamic finance aligns naturally with ESG, says Maybank’s first-ever chief sustainability officer
By Angelica AngApril 29, 2026
trump
EconomyThe $39 trillion national debt just got its own version of the viral Doomsday essay
By Nick LichtenbergApril 28, 2026
Screen displaying stock market index performance in green and red.
NewslettersBloomberg, the OG of financial data firms, has a potent new AI agent. How it built it holds lessons for other companies
By Jeremy KahnApril 28, 2026
Top CD rates from major banks April 28, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceTop CD rates from major banks on April 28, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerApril 28, 2026
  • The Iran war is pushing Southeast Asia to debate the once unthinkable: Whether ships will need to pay to transit the Strait of Malacca
    EconomyThe Iran war is pushing Southeast Asia to debate the once unthinkable: Whether ships will need to pay to transit the Strait of Malacca
    By Angelica AngApril 23, 2026
Liquid CEO Franklyn Wang speaks at a crypto conference
CryptoExchange startup Liquid raises $18 million Series A for leveraged trading on stocks, crypto, commodities, prediction markets, and private secondaries
By Jack KubinecApril 28, 2026
US President Donald Trump speaks to members of the media in the Oval Office of the White House in Washington, DC, US, on Thursday, April 23, 2026.
EconomyTrump’s ‘gold card’ visas were supposed to solve the $39 trillion national debt. They’ve sold only one
By Eleanor PringleApril 28, 2026
The top high-yield savings rates: Up to 5.00% on April 28, 2026
Personal FinanceThe top high-yield savings rates: Up to 5.00% on April 28, 2026
By Glen Luke FlanaganApril 28, 2026
mukund
CommentaryMark Zuckerberg is building an AI clone of himself. Most people just need help with their inbox
By Mukund JhaApril 28, 2026
Strategy co-founder and executive chairman Michael Saylor speaks during the Bitcoin 2025 conference in Las Vegas
CryptoBitcoin drives back toward $80K—but one billionaire may be fueling much of the rally
By Jack KubinecApril 27, 2026
  • The top high-yield savings rates: Up to 5.00% on April 23, 2026
    Personal FinanceThe top high-yield savings rates: Up to 5.00% on April 23, 2026
    By Glen Luke FlanaganApril 23, 2026
United Airlines CEO says a proposed merger would benefit travelers, but American still won’t return his calls
PoliticsUnited Airlines CEO says a proposed merger would benefit travelers, but American still won’t return his calls
By Matt Ott and The Associated PressApril 27, 2026
‘Capitalism works because the losers die’: Kevin O’Leary says it’s a ‘really bad idea’ for the federal government to bail out Spirit Airlines
Economy‘Capitalism works because the losers die’: Kevin O’Leary says it’s a ‘really bad idea’ for the federal government to bail out Spirit Airlines
By Sydney LakeApril 27, 2026
Daughter of former Uzbek president accused of masterminding $100 million crime ring known as ‘The Office’
LawDaughter of former Uzbek president accused of masterminding $100 million crime ring known as ‘The Office’
By Jamey Keaten and The Associated PressApril 27, 2026
She left Citigroup after 18 years as one of its top women. Why Ida Liu chose HSBC as her next move
NewslettersShe left Citigroup after 18 years as one of its top women. Why Ida Liu chose HSBC as her next move
By Nicholas GordonApril 27, 2026
Top CD rates from major banks April 27, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
BankingTop CD rates from major banks on April 27, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Danny BakstApril 27, 2026
The top high-yield savings rates: Up to 5.00% on April 27, 2026
Personal FinanceThe top high-yield savings rates: Up to 5.00% on April 27, 2026
By Glen Luke FlanaganApril 27, 2026
Sen. Thom Tillis says he’s ready to move ahead with confirming Warsh as Fed chair after DOJ drops probe on Powell
BankingSen. Thom Tillis says he’s ready to move ahead with confirming Warsh as Fed chair after DOJ drops probe on Powell
By The Associated PressApril 26, 2026
Trump reports flurry of March bond purchases in new disclosure
PoliticsTrump reports flurry of March bond purchases in new disclosure
By Josh Wingrove, Gregory Korte and BloombergApril 25, 2026
Kevin Warsh is poised to lead the Fed with none of the gravitas Greenspan had but plenty of baggage from Trump, former Powell adviser says
EconomyKevin Warsh is poised to lead the Fed with none of the gravitas Greenspan had but plenty of baggage from Trump, former Powell adviser says
By Christopher Rugaber and The Associated PressApril 25, 2026
Duke Energy trucks amassed in January at the Charlotte Motor Speedway to help restore power after Winter Storm Fern.
EnergyUtility giant Duke Energy plans to spend industry record $103 billion on growth as data centers and affordability take center stage
By Jordan BlumApril 25, 2026
Your shareholder letter sounds like ChatGPT wrote it. This is the four-word phrase giving CEOs away
AIYour shareholder letter sounds like ChatGPT wrote it. This is the four-word phrase giving CEOs away
By Molly Liebergall and Morning BrewApril 24, 2026
WASHINGTON, DC - NOVEMBER 02: (L to R) U.S. President Donald Trump shakes hands with his nominee for the chairman of the Federal Reserve Jerome Powell during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Current Federal Reserve chair Janet Yellen's term expires in February. (Photo by Drew Angerer/Getty Images)
BankingPirro drops Powell probe, handing Kevin Warsh a lifeline, though U.S. attorney vows to restart probe ‘should the facts warrant doing so’
By Eva RoytburgApril 24, 2026
black cabs
Europe‘This is very transformative for the business’: Lyft’s head of growth on taking a big step into London’s black cab sector
By Nick LichtenbergApril 24, 2026
Top CD rates from major banks April 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceTop CD rates from major banks on April 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerApril 24, 2026
At Huntington Bancshares, the CFO is also the AI strategist
NewslettersAt Huntington Bancshares, the CFO is also the AI strategist
By Sheryl EstradaApril 24, 2026
Gas prices over five dollars a gallon are displayed at an Exxon gas station near the U.S. Capitol Building on March 31, 2026 in Washington, DC.
EconomyGood news: Rumors of a K-shaped economy are overblown so far, says Goldman Sachs. Bad news: 2026 is the year it will really bite
By Eleanor PringleApril 24, 2026
The top high-yield savings rates: Up to 5.00% on April 24, 2026
Personal FinanceThe top high-yield savings rates: Up to 5.00% on April 24, 2026
By Glen Luke FlanaganApril 24, 2026
How Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant
AsiaHow Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant
By Nicholas Gordon and Angelica AngApril 23, 2026
April 23, 2026
Personal FinanceTop CD rates from major banks on April 23, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerApril 23, 2026
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Success
Nvidia CEO Jensen Huang admits he criticizes everything his 42,000-plus employees show him: ‘You can’t go a day without some criticism’placeholder alt text
By Preston ForeMay 26, 2026
Travel & Leisure
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructureplaceholder alt text
By Catherina GioinoMay 25, 2026
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a yearplaceholder alt text
By Preston ForeMay 21, 2026
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