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The Latest Breaking News from National Debt

D.C.'s affordability headache has a silver bullet, new study shows: Tackling $40 trillion national debt would boost household income by $36,000

"Deficit reduction can further reduce inflation by lowering self-reinforcing inflation expectations to the extent it reduces the likelihood that future policymakers will aim to inflate away the national debt."

Fortune · 6h ago

Oil falls below $100 a barrel; UK government borrowing paints ‘dismal picture’ as bond vigilantes assemble – as it happened

The rising cost of servicing the UK national debt pushed up borrowing last month, while oil is dropping, and M&G holds Bond Vigilantes Forum in London

The Guardian - UK · Sep 22

No, Scott Bessent's bond plan isn't motivated by national debt hitting $40 trillion, say top economists—but he has revealed what will make him flinch

"This can backfire because the market will look at this and say, 'Well, the fact that you need to come out and say and do these things implies that this market has already lost the confidence of investors.'"

Fortune · Sep 21

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As 10-year Treasury yield hits 5%, debt hawks are eyeing a national debt spiral: 'If this isn't a wake-up call, I don't know what will be'

"A fiscal crisis, once unthinkable, is now a distinct possibility."

Fortune · Sep 15

Sports Fandom Is Getting Expensive: Nearly Two-Thirds of Young Fans Have Taken on Debt

Americans who spend money on sports fandom shell out an average of $1,970 a year, according to a National Debt Relief survey of more than 2,000 U.S. adults cited by CNBC. But younger fans are spending substantially more, and many have gone into debt along the way.

Latin Times · Sep 10

Trump's $5,000 'dividend' is really a $1.15 trillion hole in the deficit, top economist estimates

Penn Wharton's Kent Smetters says the payout, floated at the GOP's midterm convention, could add up to $1.35 trillion to the $40 trillion national debt.

Fortune · Sep 10

Trump Dangles $5,000 Cheques After Promising Dividends and Never Delivering

Donald Trump promises $5,000 dividend cheques to US voters if Republicans win the 2026 midterms as the country grapples with a $40 trillion national debt.

International Business Times UK · Sep 10

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Trump, hoping to salvage midterms, makes a dubious pledge to give every US adult $5,000 if GOP wins

President Donald Trump pledged $5,000 to every adult American if Republicans win elections. This extraordinary promise would cost over one trillion dollars and require congressional approval. Vice President JD Vance suggested payments would exclude the wealthy and could be funded by tariffs. Experts note the US runs significant deficits and…

The Economic Times · Sep 10

As Treasury shells out $95 billion a month in interest to cover deficits, Trump pitches $1.3 trillion payout to voters if Republicans win midterms

For the past 11 months, the CBO reported yesterday, the U.S. Treasury has spent $1.05 trillion servicing national debt—approximately $95 billion every month.

Fortune · Sep 10

Trouble in US bond market could mean higher prices are here to stay

Concerns over rising inflation, continuing war with Iran, and the US’s record national debt have shaken the market

The Guardian - US · Sep 10

U.S. national debt increased by $5.1 million a minute for the past year, says Congress's economic committee—amounting to $117,279 for every American

The rate of debt growth averages around $7.35 billion a day, a JEC report adds, or $306.4 million per hour—$5.11 million per minute.

Fortune · Sep 9

‘Uncharted territory’: The $40 trillion U.S. national debt just got uglier as interest payments rise to $1.25 trillion a year

Last time the net interest payments were this high was 35 years ago. Analysts warn the U.S. is worse off now than it was then.

Fortune · Sep 7

'Chuck it in the fire.' A leading candidate in France's presidential race has a simple solution to its massive national debt: just cancel it

“Why did we make a single currency and an ECB together? We can do it and I bet we’d find allies in Europe.”

Fortune · Sep 5

Trump’s second-term policies put US finances under growing strain as debt tops $40 trillion

During President Trump's presidency, the national debt of the U.S. has ballooned to over forty trillion dollars. Federal expenditures are on a relentless rise, and interest on loans is climbing steeply. The tax reductions implemented by his administration have multiplied the national debt by trillions. This fiscal decline has roots…

The Economic Times · Sep 3

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The Economic Times · Sep 3

Trump signs stopgap bill, keeping US government funded through December before midterm elections

President Donald Trump signed a funding bill, averting a government shutdown before elections. Congress approved a temporary extension of federal spending, keeping agencies funded through December. This measure gives lawmakers more time to resolve spending differences and fiscal challenges. The national debt has crossed forty trillion dollars, and affordability remains…

International Business Times UK · Sep 1

Elon Musk Warns US Is '1,000%' Going to Go Bankrupt as National Debt Surges Past $40 Trillion

Elon Musk's claim that the US is '1,000%' heading for bankruptcy has resurfaced after national debt topped $40 trillion, sharpening debate over inflation, interest and the dollar's future.

Latin Times · Aug 28

Latinos Carry More Debt but More Hope: 61% Still Believe in the American Dream

More than seven in 10 Hispanic adults in the United States carry debt, but fewer than half say that debt leaves them feeling weighed down financially, according to a new survey that reveals a more complicated picture of Latino finances than the balances alone suggest.

Fortune · Aug 27

The $40 trillion national debt is growing while Social Security goes broke—because wealthy Boomers are collecting over $100k in benefits per year

Boomers are getting 265% returns from Social Security—and the “great wealth transfer” won’t save Gen Z.

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Reason · Aug 27

The National Debt Has Crossed $40 Trillion. Both Parties Are Responsible.

And both are hiding behind a lie of omission.

International Business Times UK · Aug 27

'We're Actually Totally Screwed': Elon Musk Warns US Is '1,000% Going to Go Bankrupt' Over Debt Crisis

Elon Musk warns that the US could face bankruptcy unless AI and robotics significantly boost productivity to counteract the growing national debt, which recently surpassed $40 trillion.

Barchart · Aug 26

Elon Musk Says We’re ‘1000% Going to Go Bankrupt’ Without Al and Robots — ‘We’re Totally Screwed’ as Interest on National Debt Tops $1 Trillion

Elon Musk warns the U.S. could face financial failure without AI and robots as the national debt tops $40 trillion and annual interest costs surge past $1 trillion.

Barchart · Aug 25

Can We Really ‘Grow Our Way Out Of’ $40 Trillion in National Debt? Why One Economist Says ‘The US Has No Chance.’

Bessent’s bond market intervention is a critical failure, and expectations are similarly low for his plan to outgrow $40T in debt.

The Conversation · Aug 25

$40 trillion debt balloon is a warning sign for US economy and the world

US national debt has passed a record US$40 trillion (£29.4 trillion). This milestone is a major warning sign. It reveals vulnerabilities that threaten the long-term economic stability of the US and the rest of the world.

The Independent UK · Aug 24

Trump’s ballooning of the national debt to $40 trillion is fueling high mortgage payments

Pending home sales were 30 percent lower in July than seven years ago

Fortune · Aug 24

Here's how much the $40 trillion national debt is costing you — whether you have student loans, a mortgage or Social Security

Divide $40 trillion by the U.S. population and every American is on the hook for roughly $117,000. The Conference Board modeled several scenarios.

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