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The Latest Breaking News from National Debt

New CBO report shows national debt spiraling into uncharted territory by 2035—and Trump's tariffs defeat will make the picture even worse

By 2035, the CBO expects the deficit to reach $2.96 trillion or 6.2% of GDP versus 5.8% today, and almost double the multi-decade, pre-pandemic average.

Fortune

Trump’s tariffs are a ‘dirty tax’ that will make the $38.6 trillion national debt crisis even worse over the long term, top analyst says

“The idea that this is pro-American is actually just the opposite,” Wharton’s Kent Smetters told Fortune. “It hurts American manufacturers.”

Fortune

$56 trillion national debt leading to a spiraling crisis: budget watchdog warns the U.S. is walking a crumbling path

Trump is putting the U.S. economy on a "sugar high" and leaving other people holding the bill when it comes due a decade from now, according to the CRFB.

Fortune

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Interest on the National Debt Will Cost $16 Trillion Over the Next 10 Years

A new Congressional Budget Office outlook expects entitlement spending and the national debt to explode in the next decade.

Reason

‘Nothing short of self-sabotage’: Watchdog warns about national debt setting new record in just 4 years

“Our nation’s deficits, debt, interest payments, and trust funds are all in terrible shape,” says Maya MacGuineas, president of the CRFB.

Fortune

America’s national debt borrowing binge means interest payments will rocket to $2 trillion a year by 2036, CBO says

Annual interest payments will double to $2.14 trillion by 2036, nearly double the yearly budget for spending on defense.

Fortune

‘The fiscal trajectory is not sustainable’: CBO warns about the highest debt in U.S. history as Trump adds $1.4 trillion to 10-year deficit

The national debt is set to surpass the historic high of 106% of GDP (which it reached in 1946) by 2030, according to the CBO.

Fortune

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America is shorting one of its best assets as the $38 trillion national debt runs out of control

There’s a 59% arbitrage opportunity hiding in plain sight and it has to do with college-educated women.

Fortune

'Immigrants are subsidizing the U.S. government': how the undocumented actually shrank the deficit by $14.5 trillion over 3 decades

Cato Institute ran the math and found that without immigrants' contributions, the national debt would be a third higher than today's $38 trillion.

Fortune

Trump thinks a weaker dollar is great, but the U.S. needs a stable currency as national debt heads toward $40 trillion, former Fed president says

"And when you have that much debt, I think stability of the currency probably trumps exports."

Fortune

$38 trillion national debt finds Democratic, Republican supermajority as watchdog sees ‘a major problem for America’s economic future’

Michael A. Peterson says the country is racing toward $40 trillion in debt.

Fortune

Jamie Dimon warns that the $38 trillion national debt is 'not sustainable' and it's one of two 'tectonic plates' that may crash in the near future

"It will not work eventually," the JPMorgan CEO told David Rubenstein in a Chamber of Commerce fireside chat. "I just don't know when that is."

Fortune

'Some form of crisis is almost inevitable': The $38 trillion national debt will soon be growing faster than the U.S. economy itself, watchdog warns

"The United States is deeply indebted, and its finances are on an unsustainable long-term trajectory," says the Committee for a Responsible Federal Budget.

Fortune

Ken Griffin says America has been sent an ‘explicit warning’ from the bond market that it’s time to get the national debt in order

“I think there’s an explicit warning that if your fiscal house is not in order, the bond vigilantes can come out and retract their price,” Ken Griffin told an audience at Davos.

Fortune

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Fortune

Trump added $2.25 trillion to the national debt in his first year back in charge, watchdog says

The Peter G. Peterson Foundation, a nonpartisan budget watchdog, ran the numbers exclusively for Fortune.

Reason

Europe's Biggest Advantage in the Showdown Over Greenland? America's Huge Pile of Debt.

America's large and growing national debt is not just a budgetary liability, but increasingly a geopolitical one too.

GOBankingRates

I Asked ChatGPT If Billionaires Could Pay Off the US National Debt — and What It’d Mean for the Economy

Could the richest Americans simply write a check to erase the U.S. debt? I asked ChatGPT to play out this scenario to see what would happen.

Fortune

National debt is already killing the American Dream, says top economist—and it might push the U.S. into an outright depression

“There are fewer opportunities,” Kurt Couchman added. “The opportunities that are there aren’t paying as well. Productivity is being suppressed.”

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Fortune

America’s $38 trillion national debt is so big just the interest will soon cost more than Medicare

The staggering math behind the rapid rise in interest due on our outsize debt.

Fortune

Jamie Dimon warns $38 trillion national debt is going to 'bite': 'You can't just keep borrowing money endlessly'

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, echoed: "Despite being more than a quarter into [2026] our government is still not fully funded for the rest of the fiscal year, with another funding deadline around the corner in just over two weeks."

Fortune

Treasury spent $276 billion in interest on the national debt in the final three months of 2025, says the CBO—up $30 billion from a year prior

The costs were higher because of a larger budget burden, the CBO said, as well as "higher long‐term interest rates and an increase in the rate of inflation."

Fortune

Trump's $1.5 trillion military budget would add $5.8 trillion to the national debt, with interest, CRFB says

Meanwhile, the Peterson Foundation updated its projection: the U.S. would be spending more on defense than the next 35 countries combined.

Fortune

82% of voters want Congress to focus on the $38 trillion national debt, watchdog says: 'voters are understandably concerned'

The nonpartisan Peter G. Peterson Foundation finds widespread — and bipartisan — concern over the debt.

Fortune

Mark Cuban on the $38 trillion national debt and the absurdity of U.S. healthcare: we wouldn't pay for potato chips like this

"Can you imagine if a Pringles distributor paid full retail to Pringles and then sold to grocery stores for full retail, and then the grocery stores had to wait for a rebate?"

Fortune

Janet Yellen warns the $38 trillion national debt is nearing a red line economists have warned about for decades

Top economists fear the era of fiscal dominance is here, and we’ve abandoned the debt problem already.

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