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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
With an IPO on the horizon, OpenAI needs to own the narrative. Solution? Buy a tech talk show
NewslettersWith an IPO on the horizon, OpenAI needs to own the narrative. Solution? Buy a tech talk show
By Alexei OreskovicApril 3, 2026
electrical engineer
NewslettersLeaders push for a ‘Manhattan Project’ and public-private solutions around AI and labor
By Diane BradyApril 3, 2026
Today’s top high-yield savings rates: Up to 5.00% on April 3, 2026
Personal FinanceToday’s top high-yield savings rates: Up to 5.00% on April 3, 2026
By Glen Luke FlanaganApril 3, 2026
Top CD rates today, April 3, 2026: Lock in up to up to 4.20%
Personal FinanceTop CD rates today, April 3, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganApril 3, 2026
Photo of Sundar Pichai
InnovationGoogle CEO Sundar Pichai says we’re just a decade away from a new normal of extraterrestrial data centers
By Sasha RogelbergApril 3, 2026
Businesswoman reading a book on private jet while drinking champagne
SuccessThe world’s wealthiest families adopt these 7 key habits for success, according to JPMorgan
By Preston ForeApril 3, 2026
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
More PoliticsPage 100 of 100
Rep. Nancy Pelosi (D-CA) speaks during a rally opposing House Republicans Tax Proposal prior to the final House Vote on Capitol Hill on May 21, 2025 in Washington, DC
EconomyTrump’s ‘Robin Hood in reverse’ tax bill is driving up the cost of buying a home, Democrats say
By Christiaan HetznerMay 23, 2025
  • 25 American states have laws that ban or regulate cellphones in schools. More are coming
    Health25 American states have laws that ban or regulate cellphones in schools. More are coming
    By Jeff Amy and The Associated PressMay 21, 2025
President Donald Trump
PoliticsTrump blasts out bevy of threats against Apple and the EU, saying imported iPhones face a 25% hike
By Eleanor PringleMay 23, 2025
President Donald Trump waves goodbye aboard Air Force One
PoliticsThe jet Qatar gave Trump is valued around $400 million. It might cost taxpayers $1 billion just to upgrade it to presidential standards
By Stuart DyosMay 23, 2025
Europe is on edge as Russia builds up forces on Finland’s border. Could this frontier be the next conflict zone?
PoliticsEurope is on edge as Russia builds up forces on Finland’s border. Could this frontier be the next conflict zone?
By AFPMay 23, 2025
Trump calls Japan’s Ishiba ahead of latest tariff talks
PoliticsTrump calls Japan’s Ishiba ahead of latest tariff talks
By Yoshiaki Nohara, Akemi Terukina and BloombergMay 23, 2025
Real estate broker Susan Chen speaks with potential home buyer Hector Camacho outside of a open house in Valley Stream, New York, on May 4, 2023.
FinanceYields just hit peak housing bubble levels. Get ready for a world of higher borrowing costs
By Greg McKennaMay 23, 2025
  • Left: Bill Gates at The 11th Breakthrough Prize Ceremony held at Barker Hanger on April 05, 2025 in Santa Monica, California. (Photo by Gilbert Flores/Variety via Getty Images) Right: Elon Musk, wearing two hats, speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on April 30, 2025. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)
    PoliticsElon Musk hits back at Bill Gates’ claim that DOGE cuts could lead to deaths of children: ‘I’d like him to show us any evidence’
    By Eleanor PringleMay 21, 2025
German growth hits 0.4% in Q1, double the forecast as pre-tariff exports surge
FinanceGerman growth hits 0.4% in Q1, double the forecast as pre-tariff exports surge
By AFPMay 23, 2025
Ray Dalio
PoliticsRay Dalio says politicians addressing U.S. budget deficit are like passengers ‘on a boat that’s headed for rocks’
By Paolo ConfinoMay 23, 2025
Welcome to Barrow: The nuclear submarine-making U.K. town seeking resurrection from a military spending boom
MagazineWelcome to Barrow: The nuclear submarine-making U.K. town seeking resurrection from a military spending boom
By Ryan HoggMay 23, 2025
US Federal Reserve Board Chairman Jerome Powell pauses during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, DC, on May 7, 2025.
PoliticsSupreme Court gives Trump unprecedented power to fire regulators—except Federal Reserve Chair Jerome Powell
By Amanda GerutMay 22, 2025
Trump wants to expand his $600 million war chest to $1 billion—and even made calls to donors himself
PoliticsTrump wants to expand his $600 million war chest to $1 billion—and even made calls to donors himself
By Jill Colvin and Chris MegerianMay 22, 2025
  • CBO says tax breaks in ‘big, beautiful bill’ would increase deficit by $3.8 trillion while Medicaid and other cuts will only shave $1 trillion in spending
    PoliticsCBO says tax breaks in ‘big, beautiful bill’ would increase deficit by $3.8 trillion while Medicaid and other cuts will only shave $1 trillion in spending
    By Lisa Mascaro, Kevin Freking, Leah Askarinam, Joey Cappelletti and The Associated PressMay 21, 2025
A shot of Harvard's Dunster House and the Charles River in Boston
PoliticsTrump is forcing Harvard’s 6,800 foreign students to transfer right now or lose their legal status, dealing a potentially irreversible hit to U.S. attractiveness as a higher education destination
By Collin Binkley and The Associated PressMay 22, 2025
Cars in traffic on a bridge
EnvironmentThe Senate just blocked California from becoming the first state to ban the sale of new gas-powered cars as the Trump administration doubles down on fossil fuels
By Mary Clare Jalonick and The Associated PressMay 22, 2025
A frowning man holds the door open to an Urban Outfitters.
RetailTariffs are threatening the accuracy of fall fashion trends by forcing earlier clothing shipments amid supply-chain headaches, Urban Outfitters CEO says
By Sasha RogelbergMay 22, 2025
two stacks of pennies
PoliticsU.S. Mint says it’s stopping penny production
By Fatima Hussein and The Associated PressMay 22, 2025
Jamie Dimon lifts his right hand as he speaks.
FinanceJPMorgan launches ‘lean and mean’ geopolitics arm as Jamie Dimon warns of changing world order
By Greg McKennaMay 22, 2025
LVMH CEO Bernard Arnault.
PoliticsEurope’s wealthiest billionaire Bernard Arnault hopes to use his ‘modest means’ to convince the EU to negotiate better with the U.S.
By Prarthana PrakashMay 22, 2025
Nvidia CEO Jensen Huang at the Hill and Valley Forum
PoliticsJensen Huang blasts U.S. curbs on the sale of Nvidia chips to China: ‘Export control was a failure’
By Stuart DyosMay 22, 2025
The Fish Lake Valley tui chub, swimming in water
EnvironmentThe Trump administration just proposed its first animal to be added to the endangered species list: a rare fish from Nevada that’s ‘barely clinging to existence’
By Rio Yamat and The Associated PressMay 21, 2025
South African President Cyril Ramaphosa and President Donald Trump have a heated exchange in the White House
PoliticsWith Elon Musk in attendance, South Africa’s president counters Trump for pushing a baseless conspiracy theory about ‘white genocide’: ‘This I’ve never seen’
By Gerald Imray, Aamer Madhani and The Associated PressMay 21, 2025
Elon Musk denies SpaceX is the frontrunner for Trump’s $500 billion ‘Golden Dome’ missile-defense project: ‘This is not true’
PoliticsElon Musk denies SpaceX is the frontrunner for Trump’s $500 billion ‘Golden Dome’ missile-defense project: ‘This is not true’
By Marco Quiroz-GutierrezMay 21, 2025
Donald Trump talking
PoliticsTrump warns Republicans not to ‘f— around’ with Medicaid because he knows it’s political suicide for MAGA
By Irina IvanovaMay 21, 2025
Monika Schnitzer speaks
FinanceGermany blames Trump’s tariff policy as the key reason for why its economy will stagnate this year
By The Associated PressMay 21, 2025
Militia in South Sudan
EnvironmentThe Trump administration quietly deported migrants to South Sudan, one of the most violent countries in the world. A judge says he expects they ‘will be treated humanely’
By Lindsay Whitehurst and The Associated PressMay 21, 2025
Iran's foreign minister Abbas Araghchi clasps his hands together
PoliticsIran says it will never stop enriching uranium and U.S. officials are wasting their breath
By Amir Vahdat and The Associated PressMay 21, 2025
A man teaches a woman in a classroom in Mali
EnvironmentMali’s literacy project taught thousands of young people to read and write. Trump’s USAID cuts shut it all down
By Baba Ahmed and The Associated PressMay 21, 2025
Former U.K. prime minister Theresa May says ex-world leaders need to stop commenting on everything: ‘be a measured voice’
ConferencesFormer U.K. prime minister Theresa May says ex-world leaders need to stop commenting on everything: ‘be a measured voice’
By Orianna Rosa RoyleMay 21, 2025
Kristi Noem testifies on Capitol Hill
PoliticsHomeland Security Secretary gets publicly corrected after calling habeas corpus a ‘constitutional right’ for Trump to ‘remove people from this country and suspend their rights’
By Meg Kinnard and The Associated PressMay 21, 2025
Gerry Connolly shouts into a microphone at a rally against Elon Musk and DOGE
LeadershipGerry Connolly is dead at 75. He was one of the leading voices calling for a full investigation of Elon Musk and DOGE
By Olivia Diaz and The Associated PressMay 21, 2025
ICE agents stand outside a house to arrest an immigrant
Finance‘Self-deporting’ immigrants are pulling their kids out of school to flee the U.S. Experts say it spells trouble for schools that depend on student enrollments for funding
By Bianca Vázquez Toness, Neal Morton, Ariel Gilreath, Sarah Whites-Koditschek, Rebecca Griesbach, The Associated Press and The Hechinger ReportMay 21, 2025
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