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Trump just raised the $39 trillion national debt with the largest budget hike since World War II—and nobody can figure out 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
macron
France, South Korea say they’ll work together on reopening Strait of Hormuz
By Kim Tong-Hyung, Hyung-Jin Kim and The Associated PressApril 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
donald trump
A $10 billion ‘slush fund’ to pay TSA agents: Trump’s latest unilateral loophole, explained
By Jake AngeloApril 3, 2026
Latest Stories
man silhouette two computer screens
CybersecurityInternet Watch Foundation finds 260-fold increase in AI-generated CSAM in just one year, and ‘it’s the tip of the iceberg’
By Catherina GioinoApril 3, 2026
6 Best Vitamins to Boost Energy (2026): Top Recommendations From Experts
Health6 Best Vitamins to Boost Energy (2026): Top Recommendations From Experts
By Emily PharesApril 3, 2026
A person taking a supplement.
HealthWhat Is NMN: Everything You Need to Know From Experts
By Katherine Van DisApril 3, 2026
Best certificates of deposit (CDs) for April 2026
Personal FinanceBest certificates of deposit (CDs) for April 2026
By Glen Luke FlanaganApril 3, 2026
Hers Hair Loss Minoxidil
HealthHers Hair Growth Review 2026: Pros, Cons, and More From Hands-On Testing
By Emily PharesApril 3, 2026
The Benefits of Red Light Therapy: Expert-Approved Advice
HealthThe Benefits of Red Light Therapy: Expert-Approved Advice
By Katherine Van DisApril 3, 2026
A woman working alone in an office
AIMIT 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-SuiteFortune 500 Power Moves: Which executives are gaining and losing power
By Fortune EditorsApril 3, 2026
More PoliticsPage 86 of 100
IRS backs Christian media group arguing against rarely enforced tax exemption law
PoliticsIRS backs Christian media group arguing against rarely enforced tax exemption law
By Fatima Hussein and The Associated PressJuly 8, 2025
  • U.S. President Donald Trump holds up a chart of "reciprocal tariffs" while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC.
    EconomyWhite knuckles and ‘massive unknowns’ ahead of Trump’s July 9th tariff deadline
    By Nino PaoliJuly 3, 2025
EU chief demands China address trade imbalance as tensions flare
PoliticsEU chief demands China address trade imbalance as tensions flare
By Michal Kubala, Max Ramsay and BloombergJuly 8, 2025
Mexico President Sheinbaum calls anti-tourism march over flood of American digital nomads ‘xenophobic’: ‘Gringo: Stop stealing our home’
Travel & LeisureMexico President Sheinbaum calls anti-tourism march over flood of American digital nomads ‘xenophobic’: ‘Gringo: Stop stealing our home’
By Megan Janetsky, María Verza and The Associated PressJuly 8, 2025
Has Elon Musk really formed a new political party? It’s not clear
PoliticsHas Elon Musk really formed a new political party? It’s not clear
By Meg Kinnard and The Associated PressJuly 8, 2025
How Epstein’s ‘client list’ went from ‘sitting on my desk’ to something the DOJ says doesn’t exist
PoliticsHow Epstein’s ‘client list’ went from ‘sitting on my desk’ to something the DOJ says doesn’t exist
By Eric Tucker, Alanna Durkin Richer and The Associated PressJuly 8, 2025
Greek-owned cargo ship comes under fire in Red Sea a day after another one sinks in attack by Houthi rebels
PoliticsGreek-owned cargo ship comes under fire in Red Sea a day after another one sinks in attack by Houthi rebels
By Jon Gambrell and The Associated PressJuly 8, 2025
  • RFK Jr. wants more people wearing health wearables in the name of ‘MAHA’
    HealthRFK Jr. wants more people wearing health wearables in the name of ‘MAHA’
    By Alexa MikhailJuly 3, 2025
Australia’s Albanese heads to China as Trump stresses alliance
PoliticsAustralia’s Albanese heads to China as Trump stresses alliance
By James Mayger, Michael Heath and BloombergJuly 8, 2025
Steve Witkoff, who was impersonated by a crypto scammer.
PoliticsTrump donor scammed out of $250k in crypto after someone pretending to be Steve Witkoff allegedly sent an eerily convincing email
By Ashley Lutz and Fortune IntelligenceJuly 7, 2025
The son of Mexico’s best-ever boxer was just arrested by ICE in LA for overstaying his visa
PoliticsThe son of Mexico’s best-ever boxer was just arrested by ICE in LA for overstaying his visa
By Carlos Rodriguez and The Associated PressJuly 7, 2025
Carla Hayden, former Librarian of Congress
SuccessCarla Hayden was the first woman and African American to be Librarian of Congress before Trump ousted her. Two months later, she’s landed on her feet
By James Pollard and The Associated PressJuly 7, 2025
Education Secretary Linda McMahon stands behind Donald Trump
PoliticsExperts fear Trump will transform student loan forgiveness to be a ‘tool for political punishment’: ‘I could see entire cities being targeted’
By Collin Binkley and The Associated PressJuly 7, 2025
  • President Donald Trump touts his "One Big Beautiful Bill" plans at a White House event.
    FeaturesTrump’s Big Beautiful Bill will accelerate an American energy crisis—and it could cost the U.S. the AI race
    By Jordan BlumJuly 3, 2025
Trump smiling
EconomyTrump slaps 25% tariffs on Japan and South Korea—and Wall Street stumbles
By Jim Edwards and Fortune IntelligenceJuly 7, 2025
Another of Putin’s ministers allegedly commits suicide—he was abruptly fired hours before
PoliticsAnother of Putin’s ministers allegedly commits suicide—he was abruptly fired hours before
By Jim Edwards and Fortune IntelligenceJuly 7, 2025
Vermont dairy farm migrant ICE raids put industry on edge: ‘It would all go down’ without immigrant workers
PoliticsVermont dairy farm migrant ICE raids put industry on edge: ‘It would all go down’ without immigrant workers
By Holly Ramer, Amanda Swinhart and The Associated PressJuly 7, 2025
SpaceX and Tesla founder Elon Musk speaks during an America PAC town hall on October 26, 2024 in Lancaster, Pennsylvania.
LeadershipAmerica Party is ‘exactly the opposite’ of what Elon Musk’s shareholders want and could force Tesla’s board to intervene, warns Dan Ives
By Christiaan HetznerJuly 7, 2025
EU awaits decision today on Trump’s potential punishing tariffs threatening ‘the most important commercial relationship in the world’
PoliticsEU awaits decision today on Trump’s potential punishing tariffs threatening ‘the most important commercial relationship in the world’
By David McHugh and The Associated PressJuly 7, 2025
Israel launches airstrikes at Yemen’s Houthi rebels and Houthis fire 2 missiles back in response
PoliticsIsrael launches airstrikes at Yemen’s Houthi rebels and Houthis fire 2 missiles back in response
By Jon Gambrell and The Associated PressJuly 7, 2025
U.K. business leaders are ‘struggling to see what’s business-friendly’ about Labour
PoliticsU.K. business leaders are ‘struggling to see what’s business-friendly’ about Labour
By Jamie Nimmo, Irina Anghel, Jennifer Creery and BloombergJuly 7, 2025
Crew abandons Greek-owned cargo ship attacked in the Red Sea after it starts to take on water
PoliticsCrew abandons Greek-owned cargo ship attacked in the Red Sea after it starts to take on water
By Jon Gambrell and The Associated PressJuly 7, 2025
Trump calls Musk’s new America Party ‘ridiculous’: ‘Starting a third party just adds to confusion’
PoliticsTrump calls Musk’s new America Party ‘ridiculous’: ‘Starting a third party just adds to confusion’
By Michelle L. Price and The Associated PressJuly 7, 2025
Trump threatens 10% tariff for ‘anti-American’ BRICS policies
PoliticsTrump threatens 10% tariff for ‘anti-American’ BRICS policies
By BloombergJuly 7, 2025
Musk forms America Party ‘to give you back your freedom’ after reigniting bitter feud with Trump
PoliticsMusk forms America Party ‘to give you back your freedom’ after reigniting bitter feud with Trump
By AFPJuly 5, 2025
As Trump pushes Apple to make iPhones in the U.S., Google’s brief effort building smartphones in Texas 12 years ago offers critical lessons
TechAs Trump pushes Apple to make iPhones in the U.S., Google’s brief effort building smartphones in Texas 12 years ago offers critical lessons
By Verne KopytoffJuly 5, 2025
Trump speaks into a microphone and points into the crowd in front of an American flag
PoliticsTrump plans to start notifying countries of U.S. tariffs up to 70%
By Akayla Gardner, Stephanie Lai and BloombergJuly 4, 2025
U.S. President Donald Trump and White House Senior Advisor, Tesla and SpaceX CEO Elon Musk sit in a Model S on the South Lawn of the White House on March 11, 2025 in Washington, DC.
PoliticsThinking about buying an EV? Most are set to become $7,500 more expensive come October
By Christiaan HetznerJuly 4, 2025
France’s industry minister says 10% tariffs not good deal for EU
PoliticsFrance’s industry minister says 10% tariffs not good deal for EU
By William Horobin, Caroline Connan, Francois de Beaupuy and BloombergJuly 4, 2025
BRICS leaders are set to meet in Brazil as they try to build a united front against trade protectionism
PoliticsBRICS leaders are set to meet in Brazil as they try to build a united front against trade protectionism
By Cecilia HultJuly 4, 2025
Supreme Court conservative majority clears way for DHS to deport migrants to South Sudan who have no ties there
PoliticsSupreme Court conservative majority clears way for DHS to deport migrants to South Sudan who have no ties there
By Lindsay Whitehurst and The Associated PressJuly 4, 2025
ICE arrests Mexican boxer Julio César Chávez Jr. days after loss to Jake Paul and prepares to deport him
PoliticsICE arrests Mexican boxer Julio César Chávez Jr. days after loss to Jake Paul and prepares to deport him
By Jaimie Ding, Julie Watson and The Associated PressJuly 4, 2025
Rural hospitals brace for $1 trillion Medicaid cut in ‘Big, Beautiful Bill’: ‘If we do see a cut of that, it’ll be difficult to keep the doors open’
HealthRural hospitals brace for $1 trillion Medicaid cut in ‘Big, Beautiful Bill’: ‘If we do see a cut of that, it’ll be difficult to keep the doors open’
By Margery A. Beck, Susan Haigh and The Associated PressJuly 4, 2025
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Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech townsplaceholder alt text
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