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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
Dell’s CFO built a 27-year career without leaving the company. Here’s how he kept moving up
NewslettersDell’s CFO built a 27-year career without leaving the company. Here’s how he kept moving up
By Sheryl EstradaApril 3, 2026
The startup looking to solve health care’s fax machine problem
NewslettersThe startup looking to solve health care’s fax machine problem
By Allie GarfinkleApril 3, 2026
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
More PoliticsPage 96 of 100
Supreme Court unanimously sides with Ohio woman claiming she was demoted for being straight—making it easier for others to claim ‘reverse discrimination’
PoliticsSupreme Court unanimously sides with Ohio woman claiming she was demoted for being straight—making it easier for others to claim ‘reverse discrimination’
By Mark Sherman and The Associated PressJune 5, 2025
  • Populist backlash and ‘brainwashing’ threaten to derail Bulgaria joining the euro currency
    PoliticsPopulist backlash and ‘brainwashing’ threaten to derail Bulgaria joining the euro currency
    By David McHugh and The Associated PressJune 3, 2025
The only ‘Made in America’ smartphone maker has a message for Apple about manufacturing in the Trump tariff era
TechThe only ‘Made in America’ smartphone maker has a message for Apple about manufacturing in the Trump tariff era
By Verne KopytoffJune 5, 2025
Elon Musk’s DOGE playbook was a ‘bull in a China shop’ for federal agencies—and it’s hard to reverse
PoliticsElon Musk’s DOGE playbook was a ‘bull in a China shop’ for federal agencies—and it’s hard to reverse
By Gary Fields and The Associated PressJune 5, 2025
President Donald Trump
PoliticsTrump Media files for Bitcoin ETF with SEC as company continues to entrench itself in the crypto world
By Paolo ConfinoJune 5, 2025
Trump points his finger at Musk inside the White House
PoliticsHouse Speaker Mike Johnson says Trump is ‘not delighted that Elon did a 180’ after the pair spent four months working closely together
By Dave SmithJune 5, 2025
European Central Bank cuts rate to 2% amid struggling eurozone growth and stable inflation
PoliticsEuropean Central Bank cuts rate to 2% amid struggling eurozone growth and stable inflation
By Sam Reeves and AFPJune 5, 2025
  • South Koreans are finally voting for a new president, after the last one lost his job for trying to declare martial law 6 months ago
    PoliticsSouth Koreans are finally voting for a new president, after the last one lost his job for trying to declare martial law 6 months ago
    By AFPJune 3, 2025
Vietnam scraps two-child limit but Vietnamese say no to more kids
LeadershipVietnam scraps two-child limit but Vietnamese say no to more kids
By Tran Thi Minh Ha, Lam Nguyen and AFPJune 5, 2025
Germans anxiously await Chancellor Merz’s meeting with Trump, calling it ‘crucial for Europe’s future’
PoliticsGermans anxiously await Chancellor Merz’s meeting with Trump, calling it ‘crucial for Europe’s future’
By Oliver Junker and AFPJune 5, 2025
Union workers hold signs during a groundbreaking ceremony at the Brightline West Las Vegas station
PoliticsTrump administration signals it will cut off funds for California high-speed rail line that has become ‘a 119-mile track to nowhere’
By MIchael R. Blood and The Associated PressJune 5, 2025
Trump moves to block nearly all foreign students from entering the country to attend Harvard
PoliticsTrump moves to block nearly all foreign students from entering the country to attend Harvard
By Collin Binkley and The Associated PressJune 5, 2025
Trump directs administration to investigate Biden’s actions as president, alleging aides masked his ‘cognitive decline’
PoliticsTrump directs administration to investigate Biden’s actions as president, alleging aides masked his ‘cognitive decline’
By Chris Megerian, Matt Brown and The Associated PressJune 5, 2025
  • Lutnick sees U.S.-India trade deal in ‘not-too-distant future’
    PoliticsLutnick sees U.S.-India trade deal in ‘not-too-distant future’
    By Derek Wallbank and BloombergJune 3, 2025
Trump said while campaigning he’d give green cards to all foreign college students who graduated in the U.S.
PoliticsTrump said while campaigning he’d give green cards to all foreign college students who graduated in the U.S.
By Jocelyn Gecker and The Associated PressJune 5, 2025
President Donald Trump speaks during a summer soiree on the South Lawn of the White House, Wednesday, June 4, 2025, in Washington.
PoliticsTrump revives travel ban, barring entry from Afghanistan, Eritrea, Iran, Sudan, Yemen and 7 other countries
By Chris Megerian, Farnoush Amiri and The Associated PressJune 4, 2025
Jerome Powell, chairman of the US Federal Reserve, speaks with attendees at the Thomas Laubach Research Conference in Washington, DC, US, on Thursday, May 15, 2025
EconomyTrump hiring freeze threatens key economic data as the Fed zeroes in on inflation
By Christopher Rugaber and The Associated PressJune 4, 2025
Trump speaks into a microphone and points into the crowd in front of an American flag
EconomyThe Budget Office says Trump’s spending bill would add $2.4 trillion to the national debt—just one day after Elon Musk slammed Congress over this same fear
By Lisa Mascaro and The Associated PressJune 4, 2025
Germany unveils €45.8 billion in corporate tax breaks to supercharge stagnant economy
PoliticsGermany unveils €45.8 billion in corporate tax breaks to supercharge stagnant economy
By AFPJune 4, 2025
Greg Abbott, wearing a dark suit, sits behind a microphone and looks to his right.
HealthDoritos and Mountain Dew could carry a new ‘not recommended for human consumption’ warning under landmark Texas bill
By Sasha RogelbergJune 4, 2025
White House asks Congress to claw back all of $9.4 billion in approved spending targeted by DOGE
PoliticsWhite House asks Congress to claw back all of $9.4 billion in approved spending targeted by DOGE
By Josh Boak and The Associated PressJune 4, 2025
Federal judge tells Florida it can’t enforce social media ban for kids
HealthFederal judge tells Florida it can’t enforce social media ban for kids
By Kate Payne and The Associated PressJune 4, 2025
Arthur Laffer giving side-eye
PoliticsThe GOP’s anti-tax guru says tariffs are ‘not as good as an income tax’ for revenue
By Irina IvanovaJune 4, 2025
DOJ is dropping its lawsuit against Trump trade adviser Peter Navarro for wrongfully retaining presidential records
PoliticsDOJ is dropping its lawsuit against Trump trade adviser Peter Navarro for wrongfully retaining presidential records
By The Associated PressJune 4, 2025
Lee Jae-myung, South Korea’s new president, calls ‘rising protectionism’ a ‘threat to our very survival’
PoliticsLee Jae-myung, South Korea’s new president, calls ‘rising protectionism’ a ‘threat to our very survival’
By AFPJune 4, 2025
United States President Donald Trump departs at the White House to U.S. Steel's Irvin Works in West Mifflin, Pennsylvania
FinanceTrump’s hike of steel and aluminum tariffs to 50% just went into effect. Here’s what happens next
By Wyatte Grantham-Philips and The Associated PressJune 4, 2025
Trump pushes senators to pass his big tax bill by the Fourth of July just as Elon Musk slams it as a ‘disgusting abomination’
PoliticsTrump pushes senators to pass his big tax bill by the Fourth of July just as Elon Musk slams it as a ‘disgusting abomination’
By Lisa Mascaro, Mary Clare Jalonick and The Associated PressJune 4, 2025
Bessent says China has a ‘choice’ on whether or not to be a reliable partner
PoliticsBessent says China has a ‘choice’ on whether or not to be a reliable partner
By Annmarie Hordern, Jenny Leonard and BloombergJune 3, 2025
Elon Musk eviscerates Trump’s ‘big, beautiful bill,’ calling it a ‘massive, outrageous, pork-filled’ spending plan and a ‘disgusting abomination’
PoliticsElon Musk eviscerates Trump’s ‘big, beautiful bill,’ calling it a ‘massive, outrageous, pork-filled’ spending plan and a ‘disgusting abomination’
By Sydney LakeJune 3, 2025
Mile Taylor, former chief of staff at the Department of Homeland Security
PoliticsAn ex-Homeland Security official under Trump wrote an anonymous op-ed blasting the president. Now he says there’s been an ‘implosion in our lives’
By Rebecca Santana and The Associated PressJune 3, 2025
FEMA says it will stick with last year’s hurricane plan after its director tells staff he ‘didn’t realize it was a season’
PoliticsFEMA says it will stick with last year’s hurricane plan after its director tells staff he ‘didn’t realize it was a season’
By Chris MorrisJune 3, 2025
Jamie Dimon for president? The banking CEO would be a welcome alternative for many voters
CommentaryJamie Dimon for president? The banking CEO would be a welcome alternative for many voters
By Jeffrey Sonnenfeld and Stephen HenriquesJune 3, 2025
Swiss inflation turns negative for first time in four years
FinanceSwiss inflation turns negative for first time in four years
By Bastian Benrath-Wright and BloombergJune 3, 2025
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