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The Latest Breaking News from National Debt

Mitt Romney says the U.S. is on a cliff—and taxing the rich is now necessary 'given the magnitude of our national debt'

Romney is worth an estimated $254 million, and was among Congress's wealthiest members.

Fortune

The $38 trillion national debt is to blame for over $1 trillion in annual interest payments from here on out, CRFB says

Welcome to "the new norm": interest payments over $1 trillion every year from here on out, to service the large and growing national debt.

Fortune

Dave Ramsey Says Those Predicting The 'Economic End Of The World' Over National Debt 'Keep Being Wrong'

Dave Ramsey says he's tired of hearing the same doom-and-gloom predictions about the U.S. national debt and that people warning about an imminent collapse have been wrong for decades.

Benzinga

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read the most diverse news in one place.

Ray Dalio says ‘a little bit of everything’ is needed to prevent a debt crisis—but it won’t happen anyway

Bridgewater Associates founder Ray Dalio said averting the $38 trillion national debt crisis requires bipartisan support—which will never happen.

Fortune

Tariffs and the $38 trillion national debt: Kevin Hassett sees ‘big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’

The favorite to become Fed chair says tariffs are an important part of Trump’s economic policy and behind “a lot of the revenue coming into the Treasury.”

Fortune

Donald Trump says national debt is ‘peanuts’ compared with tariff income, which will pay dividends—but the math isn’t adding up

A $2,000 dividend for each citizen would increase the deficit by $6 trillion, according to one estimate, roughly twice as much as Trump’s tariffs are estimated to raise.

Fortune

The trade war was never going to fix our deficit

Trump's tariffs won't alter the trajectory of our national debt or entitlements. For the economy's sake, the Supreme Court should end this abuse of power.

Fortune

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Elon Musk says the only thing that can solve 'insanely high' $38 trillion national debt crisis is AI and robotics—but it would cause 'significant deflation'

After clashing with Trump on spending, Musk argues AI and robotics are the only path to easing record U.S. debt costs—and may even trigger future deflation.

Fortune

Rachel Reeves pledges to support working families and reduce waiting times with looming Budget

The chancellor is widely expected to raise levies on Wednesday to help close a multi-billion pound spending gap

The Independent UK

Bad news for Trump $2,000 checks as Senators balk at price tag and adding to national debt

President has touted massive financial giveaway as the state of economy and affordability issues damage his approval rating

The Independent UK

'Bond King' Jeffrey Gundlach warns of the next financial crisis: 'It has the same trappings as subprime mortgage repackaging in 2006'

The billionaire founder of DoubleLine Capital is also convinced the $38 trillion national debt will be addressed before 2030: "something has to happen."

Fortune

The $38 trillion national debt 'milestone' and the accounting mirage

I ran for Congress on the idea that the national books of the U.S. government were not being kept in a transparent, modern accounting framework. I won.

Fortune

Elon Musk Warns ‘The Only Way to Get Us Out of the Debt Crisis’ and ‘Prevent America from Going Bankrupt is AI and Robotics’

Elon Musk argues that America’s mounting national debt is unsustainable under current political constraints and asserts that only rapid economic growth driven by AI and robotics can avert fiscal crisis.

Barchart

America's path out of $38 trillion national debt crisis likely involves pushing up inflation and 'eroding Fed independence,' says JPMorgan Private Bank

The government could "tolerate stronger growth and higher inflation, allowing real interest rates to fall and the debt burden to shrink over time," JPMB says.

Fortune

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Benzinga

US Debt Of $38 Trillion Now A 'National Security Crisis,' Warns Top Economist, Another Blames Political Polarization: 'Neither Party Is…'

Richard Haass, the president of the Council on Foreign Relations, and other economists have sounded the alarm about the U.S. national debt, stating that it poses a significant threat to the country’s security and global standing.

Fortune

Legendary DC diplomat feels 'like Paul Revere' about the $38 trillion national debt: 'The crisis is coming!'

Richard Haass has spent a lifetime monitoring global crises. Now he says America’s most dangerous one is coming from inside the house.

Fortune

Your political polarization is the reason for our $38 trillion national debt, top economist says: 'it's deeply debilitating' for 'consensus and stability and productive policy results'

“Every day that passes makes me feel the situation is more urgent,” Barry Eichengreen told Fortune.

Fortune

'We are guilty of spending our rainy-day fund in sunny weather': Top economists unite to urge action on $38 trillion national debt

"The day will come when the boiling water finally kills the frog," an essay published by the Peter G. Petersen Foundation said.

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news in one place.

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International Business Times

You Paid For It. Now He'll Pay You Back? The Hidden Cost Behind Trump's $2,000 Dividend

Donald Trump's promised $2,000 "dividend" for Americans faces major financial and legal hurdles, with experts warning that tariffs cannot cover the cost and could instead deepen national debt.

International Business Times UK

$2,000 Trump Dividend: What Is The True Tax Cost Of The Payout?

Donald Trump's promised $2,000 "dividend" for Americans faces major financial and legal hurdles, with experts warning that tariffs cannot cover the cost and could instead deepen national debt.

Fortune

Goldman CEO David Solomon warns 'there will be a reckoning' around the $38 trillion national debt

On the debt growing from $7 trillion to $38 trillion in just five years, Solomon said "it doesn't seem like we have the ability to pull it back."

Benzinga

Elon Musk Sees AI, Robotics Growth As 'Only Way' To Manage Debt While Trump Plans To Use Tariff Revenue To Pare It Down

As the U.S. national debt mounts to $38 trillion, President Donald Trump and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk have offered different visions for managing the nation’s fiscal crisis.

Fortune

Trump punches new $35 billion hole in national debt with deal for Medicare to cover your Ozempic

America's waistline may shrink, but its national debt will swell.

Fortune

Trump’s tariff revenue is soaring off a ‘significant increase,’ budget watchdog says—but the $38 trillion national debt still looms

Despite this surge in tariff revenue, the deficit still totaled $1.8 trillion, or roughly 6% of GDP. And if the Supreme Court strikes the tariffs down …

Evening Standard

Threat of income tax rise grows as Rachel Reeves gives clear sign she will break Labour manifesto pledge

Chancellor rolls ground for tax rises in unusual pre-Budget speech at Downing Street

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