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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
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
Dario Amodei sits in a white chair with his hands pressed together in front of a pink and orange background.
AIThe AI kill switch just got harder to find: LLM-powered chatbots will defy orders and deceive users if asked to delete another model, study finds
By Sasha RogelbergApril 3, 2026
More PoliticsPage 89 of 100
Josh Hawley points during a confirmation hearing
PoliticsRepublicans are scrambling after learning their proposed cuts to Medicaid, which would offset trillions in tax breaks, violate Senate rules
By Lisa Mascaro and The Associated PressJune 26, 2025
  • NextEra CEO John Ketchum
    CommentaryI run a $145 billion U.S. energy company. Investing in infrastructure and putting America first shouldn’t divide us
    By John KetchumJune 24, 2025
RFK Jr. says U.S. is pulling its $1 billion support for international vaccines alliance Gavi because it has ‘ignored the science’ and ‘lost the public trust’
HealthRFK Jr. says U.S. is pulling its $1 billion support for international vaccines alliance Gavi because it has ‘ignored the science’ and ‘lost the public trust’
By The Associated PressJune 26, 2025
Bill Ackman, chief executive officer of Pershing Square Capital Management LP, speaks during a Bloomberg Television interview in New York.
PoliticsBill Ackman pledges to bankroll any NYC mayoral candidate capable of defeating Zohran Mamdani
By Christiaan HetznerJune 26, 2025
Iran’s supreme leader makes first public statement since ceasefire, saying Tehran ‘delivered a hand slap to America’s face’
PoliticsIran’s supreme leader makes first public statement since ceasefire, saying Tehran ‘delivered a hand slap to America’s face’
By The Associated PressJune 26, 2025
Federal judge orders Labor Department to keep Job Corps residential program for low-income youth running for now
PoliticsFederal judge orders Labor Department to keep Job Corps residential program for low-income youth running for now
By Cathy Bussewitz and The Associated PressJune 26, 2025
GOP senators are struggling over how to cut billions in healthcare funding without hurting hospitals or patients and it’s stalling the ‘Big, Beautiful Bill’
PoliticsGOP senators are struggling over how to cut billions in healthcare funding without hurting hospitals or patients and it’s stalling the ‘Big, Beautiful Bill’
By Lisa Mascaro and The Associated PressJune 26, 2025
  • The $8 billion Al Udeid Air Base that Iran attacked was once so secretive that U.S. military officers would only say it was somewhere ‘in southwest Asia’
    PoliticsThe $8 billion Al Udeid Air Base that Iran attacked was once so secretive that U.S. military officers would only say it was somewhere ‘in southwest Asia’
    By David Rising, Jon Gambrell, Melanie Lidman and The Associated PressJune 24, 2025
Thailand moves to require a doctor’s approval for cannabis sales, unsettling a budding industry
PoliticsThailand moves to require a doctor’s approval for cannabis sales, unsettling a budding industry
By AFPJune 26, 2025
Trump says U.S. and Iran will talk next week as ceasefire holds: ‘The way I look at it, they fought, the war is done’
PoliticsTrump says U.S. and Iran will talk next week as ceasefire holds: ‘The way I look at it, they fought, the war is done’
By Jon Gambrell, David Rising, Farnoush Amiri and The Associated PressJune 26, 2025
Federal judge wants Kilmar Abrego Garcia released but his lawyers worry ICE will arrest and deport him if he’s set free
PoliticsFederal judge wants Kilmar Abrego Garcia released but his lawyers worry ICE will arrest and deport him if he’s set free
By Travis Loller, Jonathan Mattise, Kristin M. Hall and The Associated PressJune 26, 2025
Japan reiterates it cannot accept 25% car tariffs from U.S.
PoliticsJapan reiterates it cannot accept 25% car tariffs from U.S.
By Yoshiaki Nohara and BloombergJune 26, 2025
Trump’s ‘big, beautiful’ bill would make immigration to U.S. more expensive and put $150 billion into deportation efforts
PoliticsTrump’s ‘big, beautiful’ bill would make immigration to U.S. more expensive and put $150 billion into deportation efforts
By Kate Payne and The Associated PressJune 25, 2025
  • Trump’s ‘One Big Beautiful Bill’ is one big betrayal of American energy progress
    CommentaryTrump’s ‘One Big Beautiful Bill’ is one big betrayal of American energy progress
    By Chris HopperJune 24, 2025
Meet 33-year-old Zohran Mamdani, a former foreclosure prevention counselor who became the frontrunner for NYC mayor by campaigning to freeze rent
PoliticsMeet 33-year-old Zohran Mamdani, a former foreclosure prevention counselor who became the frontrunner for NYC mayor by campaigning to freeze rent
By Philip Marcelo and The Associated PressJune 25, 2025
Trump’s budget bill and DOGE’s IRS staffing cuts could lead to a nightmare 2026 tax season, watchdog warns
PoliticsTrump’s budget bill and DOGE’s IRS staffing cuts could lead to a nightmare 2026 tax season, watchdog warns
By Fatima Hussein and The Associated PressJune 25, 2025
The UK is buying F-35 fighter jets capable of carrying nuclear weapons—but they’ll need Trump’s approval before dropping bombs
PoliticsThe UK is buying F-35 fighter jets capable of carrying nuclear weapons—but they’ll need Trump’s approval before dropping bombs
By The Associated PressJune 25, 2025
Donald Trump holds up an index finger
PoliticsTrump defends U.S. ‘devastating attack’ on Iran days after an intelligence assessment called it only a mild setback
By Chris Megerian and The Associated PressJune 25, 2025
The Trump administration is days away from opening a 5,000-bed detention center in the Florida swamp
PoliticsThe Trump administration is days away from opening a 5,000-bed detention center in the Florida swamp
By Kate Payne and The Associated PressJune 25, 2025
passengers look at the departures board at Israel's main airport
Travel & LeisureTravelers are stranded in Israel and Iran. Here’s how airlines are navigating the ongoing conflict
By Lily Mae LazarusJune 25, 2025
Florida man and his accountant charged with stealing over $100 million from a trust fund he founded for people with special needs
FinanceFlorida man and his accountant charged with stealing over $100 million from a trust fund he founded for people with special needs
By Jeff Martin and The Associated PressJune 25, 2025
Oregon governor signs bill granting unemployment pay to striking workers, making it only the 4th state to do so
PoliticsOregon governor signs bill granting unemployment pay to striking workers, making it only the 4th state to do so
By The Associated PressJune 25, 2025
Beijing’s No. 2 says China is growing into a ‘major consumption powerhouse,’ even amid ‘intensifying’ trade frictions
PoliticsBeijing’s No. 2 says China is growing into a ‘major consumption powerhouse,’ even amid ‘intensifying’ trade frictions
By AFPJune 25, 2025
Trump says China ‘can now continue to purchase oil from Iran’—but he hopes Beijing will buy U.S. crude instead
PoliticsTrump says China ‘can now continue to purchase oil from Iran’—but he hopes Beijing will buy U.S. crude instead
By Cecilia HultJune 25, 2025
Federal judge orders Trump administration to release billions in EV charger funding in 14 states
PoliticsFederal judge orders Trump administration to release billions in EV charger funding in 14 states
By Sudhin Thanawala, Sophie Austin and The Associated PressJune 25, 2025
President-elect Donald Trump shakes hands with Jonathan Gray, member of the Board of Directors at Blackstone, following their meeting at Trump International Golf Club, November 20, 2016 in Bedminster Township, New Jersey.
FinancePrivate equity promised an M&A boom this year. The world is still waiting
By Greg McKennaJune 25, 2025
Pro-Iran hackers are back at work after air strikes, targeting U.S. banks, defense contractors, and oil companies
PoliticsPro-Iran hackers are back at work after air strikes, targeting U.S. banks, defense contractors, and oil companies
By David Klepper and The Associated PressJune 25, 2025
U.S. President Donald Trump
PoliticsTrump says ‘NO ONE GOES ON VACATION’ until the big, beautiful bill is done, but not all GOP lawmakers are on board
By Lisa Mascaro, Kevin Freking and The Associated PressJune 25, 2025
Defense Department intelligence report suggests U.S. strikes only set back Iran’s nuclear program by a few months
PoliticsDefense Department intelligence report suggests U.S. strikes only set back Iran’s nuclear program by a few months
By Michelle L. Price, Mary Clare Jalonick, Stephanie Liechtenstein, Sam McNeil and The Associated PressJune 25, 2025
U.S. President Donald Trump speaks to reporters before boarding the Marine One presidential helicopter and departing the White House on June 24, 2025 in Washington, DC.
PoliticsNATO leaders want to appease Trump, but spending billions more on the defense alliance ‘would be just crazy for Europeans,’ foreign policy expert says
By Nino PaoliJune 25, 2025
Federal Reserve chair Jerome Powell
FinanceThe Fed won’t lower rates like Trump wants because it sees ‘meaningful’ inflation spike later this year
By Paolo ConfinoJune 24, 2025
Trump’s chip tariff threat sparks pushback from auto industry to tech
TechTrump’s chip tariff threat sparks pushback from auto industry to tech
By Michael Shepard and BloombergJune 24, 2025
Emirates, Qatar Airways, and other major airlines are cancelling flights and halting routes amid uncertainty from U.S. strikes and a shaky Israel-Iran ceasefire deal
Travel & LeisureEmirates, Qatar Airways, and other major airlines are cancelling flights and halting routes amid uncertainty from U.S. strikes and a shaky Israel-Iran ceasefire deal
By Wyatte Grantham-Philips and The Associated PressJune 24, 2025
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