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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 87 of 100
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
  • Trump administration threatens to cut all Harvard funding after finding it violated Jewish students’ civil rights by tolerating antisemitism
    PoliticsTrump administration threatens to cut all Harvard funding after finding it violated Jewish students’ civil rights by tolerating antisemitism
    By Collin Binkley and The Associated PressJuly 1, 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
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
Katie Miller—who left Trump’s White House with Elon Musk—surfaces at xAI
TechKatie Miller—who left Trump’s White House with Elon Musk—surfaces at xAI
By Jessica MathewsJuly 3, 2025
Trump to speak with both Putin and Zelensky as U.S. freezes weapons aid to Ukraine
PoliticsTrump to speak with both Putin and Zelensky as U.S. freezes weapons aid to Ukraine
By Jim Edwards and Fortune IntelligenceJuly 3, 2025
Lisa Murkowski and John Barrasso walk down a hallway
PoliticsThe GOP’s $4.5 trillion spending bill creates a parallel, harsher tax system for immigrants and their relatives
By Irina IvanovaJuly 3, 2025
  • Senate works through the night as GOP tries to cut deal that satisfies those who want more and less Medicaid cuts
    PoliticsSenate works through the night as GOP tries to cut deal that satisfies those who want more and less Medicaid cuts
    By Lisa Mascaro, Mary Clare Jalonick, Matt Brown and The Associated PressJuly 1, 2025
Jerome Powell speaks
EconomyTrump says Fed Chair Jerome Powell should ‘resign immediately’
By Chris MorrisJuly 3, 2025
William "Bill" Ackman, founder and chief executive officer of Pershing Square Capital Management LP, listens during a Senate Special Committee on Aging hearing on Valeant Pharmaceuticals International Inc. in Washington, D.C., U.S., on Wednesday, April 27, 2016.
PoliticsBill Ackman’s ‘hundreds of millions of dollars’ in NYC mayoral race goes to Eric Adams—‘ready to go to battle, guns blazing’ against Zohran Mamdani
By Christiaan HetznerJuly 3, 2025
Trump’s Vietnam deal shows China tariffs won’t fall much further
EconomyTrump’s Vietnam deal shows China tariffs won’t fall much further
By BloombergJuly 3, 2025
Ocean technology startup that sold 200,000 carbon credits faces scientists’ doubts: ‘Trust us, it sinks’
InnovationOcean technology startup that sold 200,000 carbon credits faces scientists’ doubts: ‘Trust us, it sinks’
By Helen Wieffering and The Associated PressJuly 3, 2025
Congress just backed off an AI regulation moratorium—Here’s how states like California are trying to regulate ‘robo bosses’ at work
PoliticsCongress just backed off an AI regulation moratorium—Here’s how states like California are trying to regulate ‘robo bosses’ at work
By Brit MorseJuly 3, 2025
  • Thai court suspends prime minister as it probes ethics case
    PoliticsThai court suspends prime minister as it probes ethics case
    By Patpicha Tanakasempipat and BloombergJuly 1, 2025
RFK Jr.‘s top FDA vaccine official restricts 2 COVID vaccine approvals against advice of agency scientists
HealthRFK Jr.‘s top FDA vaccine official restricts 2 COVID vaccine approvals against advice of agency scientists
By Matthew Perrone and The Associated PressJuly 3, 2025
Trump administration says some of the $6 billion education grants it withheld were funding ‘a radical leftwing agenda’
PoliticsTrump administration says some of the $6 billion education grants it withheld were funding ‘a radical leftwing agenda’
By Bianca Vázquez Toness and The Associated PressJuly 3, 2025
House GOP can’t pass Trump’s tax bill as holdouts on center and far-right push back in late-night session
PoliticsHouse GOP can’t pass Trump’s tax bill as holdouts on center and far-right push back in late-night session
By Kevin Freking, Lisa Mascaro, Joey Cappelletti and The Associated PressJuly 3, 2025
Trump smiling
EconomyADP says the private sector is shrinking. That’s bad news for the job market—but possibly great news for Trump
By Nino PaoliJuly 2, 2025
What Trump’s ‘Big Beautiful Bill’ means for tax cuts, Medicaid, national debt, and more
PoliticsWhat Trump’s ‘Big Beautiful Bill’ means for tax cuts, Medicaid, national debt, and more
By Ashley Lutz and Fortune IntelligenceJuly 2, 2025
The Mooch’s second act: Anthony Scaramucci’s improbable quest to transcend Trump and transform America
FeaturesThe Mooch’s second act: Anthony Scaramucci’s improbable quest to transcend Trump and transform America
By Jeff John RobertsJuly 2, 2025
Trump’s tariffs would cost mid-sized U.S. employers $82.3 billion, JPMorganChase Institute study finds
PoliticsTrump’s tariffs would cost mid-sized U.S. employers $82.3 billion, JPMorganChase Institute study finds
By Josh Boak and The Associated PressJuly 2, 2025
‘Big, Beautiful Bill’ won’t eliminate taxes on federal Social Security benefits as Trump says it will
Politics‘Big, Beautiful Bill’ won’t eliminate taxes on federal Social Security benefits as Trump says it will
By Fatima Hussein and The Associated PressJuly 2, 2025
Trump administration withholds $6 billion for school programs to ensure money is ‘spent in accordance with the President’s priorities’
PoliticsTrump administration withholds $6 billion for school programs to ensure money is ‘spent in accordance with the President’s priorities’
By Collin Binkley, Bianca Vázquez Toness, Sharon Lurye, Annie Ma and The Associated PressJuly 2, 2025
Paramount is going to pay $16 million to settle Trump lawsuit over ‘60 Minutes’ Kamala Harris interview
PoliticsParamount is going to pay $16 million to settle Trump lawsuit over ‘60 Minutes’ Kamala Harris interview
By The Associated PressJuly 2, 2025
Trump’s tariff pause expires next week. Here’s how well Asian governments have been doing in negotiations with Washington
PoliticsTrump’s tariff pause expires next week. Here’s how well Asian governments have been doing in negotiations with Washington
By Cecilia HultJuly 2, 2025
Trump’s ‘Big Beautiful Bill’ may end clean energy credits. Critics warn it could send utility bills ‘through the roof’
PoliticsTrump’s ‘Big Beautiful Bill’ may end clean energy credits. Critics warn it could send utility bills ‘through the roof’
By Matthew Daly and The Associated PressJuly 1, 2025
The Senate just passed Trump’s ‘Big Beautiful Bill’ that includes $4.5 trillion in tax cuts. Here’s what else is inside
PoliticsThe Senate just passed Trump’s ‘Big Beautiful Bill’ that includes $4.5 trillion in tax cuts. Here’s what else is inside
By Lisa Mascaro, Mary Clare Jalonick, Matt Brown and The Associated PressJuly 1, 2025
Federal Reserve chair Jerome Powell
FinanceJerome Powell says Fed would have lowered rates already if it weren’t for tariffs
By Paolo ConfinoJuly 1, 2025
President Donald Trump holds a news conference with Elon Musk to mark the end of the Tesla CEO's tenure as a special government employee overseeing the U.S. DOGE Service on Friday May 30, 2025.
PoliticsTrump won’t rule out deporting Tesla CEO Elon Musk: ‘We’ll take a look’
By Christiaan HetznerJuly 1, 2025
Over 14 million people could die from Trump administration cuts to U.S. foreign aid, study finds
HealthOver 14 million people could die from Trump administration cuts to U.S. foreign aid, study finds
By Daniel Lawler and AFPJuly 1, 2025
Donald Trump talks on the phone
PoliticsTrump vents that AT&T is ‘totally unable to make their equipment work properly’ after call with faith leaders marred by glitch
By Michelle L. Price and The Associated PressJuly 1, 2025
donald trump and elon musk in the oval office
PoliticsElon Musk says Trump’s ‘Big Beautiful Bill’ could spell disaster for America. Here are its biggest pain points, according to critics
By Lily Mae LazarusJuly 1, 2025
Trump signs ends U.S. sanctions on Syria with executive order
PoliticsTrump signs ends U.S. sanctions on Syria with executive order
By Fatima Hussein, Matt Lee and The Associated PressJuly 1, 2025
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