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The Latest Breaking News from National Debt

I Asked ChatGPT To Explain the National Debt Like I’m 12 — Here’s What It Said

Confused by the national debt vs. the national deficit? ChatGPT breaks it down in plain terms and explains why it matters for your wallet and the U.S. economy.

GOBankingRates

Nearly 42% of Boomers Are Living Paycheck to Paycheck: Here’s How It’s Delaying Retirement

Many baby boomers are living paycheck to paycheck, and they face debt, low savings and rising costs. Learn how that is impacting and delaying retirements.

GOBankingRates

President Trump may want a lower base rate on behalf of consumers, but it sure is convenient for national debt too

While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.

Fortune

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Trump says tariffs are going to be enough to pay down national debt. They likely won’t even touch the sides

In exclusive interviews with Fortune, Wharton professor Joao Gomes and AEI’s Desmond Lachman warned that while tariffs may slow debt growth, they won’t meaningfully reduce it.

Fortune

Peter Schiff Slams Nixon's 1971 Gold Standard Exit As US Debt Soars $9 Trillion While Bullion Jumps 85%, Both 'Poised To Spiral Higher'

Bitcoin (CRYPTO: BTC) critic and economist Peter Schiff issued warnings on Friday about America’s mounting debt crisis, linking current fiscal challenges to the 1971 decision that ended the gold standard. The warning comes as national debt has surged $9 trillion in four years to reach $37.09 trillion.

Benzinga

Cynthia Lummis Backs Scott Bessent's 'Commitment' To Build Bitcoin Reserve Without Burdening US Taxpayers — 'I Have A Bill For That'

Sen. Cynthia Lummis (R-Wyo.) on Thursday backed a “budget-neutral approach” to building a Strategic Bitcoin (CRYPTO: BTC) Reserve, opposing the idea of purchasing additional BTC to address the mounting national debt.

Benzinga

Nikki Haley Slams Republicans Over $37 Trillion Debt: 'Our Kids And Grandkids Aren't Buying It'

Former U.N. ambassador and Republican presidential candidate Nikki Haley is raising concerns over what she calls an “unacceptable” level of U.S. national debt, taking shots at her own party in the process.

Benzinga

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In Trump’s year of cost-cutting and efficiency, national debt soars past $37 trillion

White House deputy press secretary Kush Desai told Fortune the debt-to-GDP ratio has fallen under Trump and will keep improving with pro-growth policies and record tariff revenues.

Fortune

The national debt has reached a record $37 trillion, the Treasury Department reports

Donald Trump’s ‘Big, Beautiful Bill’ set to ramp up government borrowing even further

The Independent UK

US National Debt Hits Historic $37 Trillion, Surpassing Pre-Pandemic Projections—'Piling Up At A Rapid Rate,' Warn Economists

The U.S. national debt has reached an all-time high of $37 trillion, as reported by the Treasury Department. This staggering figure highlights the growing debt burden on the American economy and its taxpayers.

Benzinga

US national debt reaches a record $37 trillion, the Treasury Department reports

The U.S. government’s gross national debt has surpassed $37 trillion, setting a new record

The Independent UK

Trump is bringing in enough revenue from tariffs to have a serious impact on the $37 trillion national debt, budget watchdog says

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

Fortune

Should You and Your Wallet Care About the Big Beautiful Bill’s Impact on the National Debt?

Trump's budget reconciliation law could have a large impact on American economics. In particular, how could the national debt impact Americans' wallets?

GOBankingRates

Kevin O'Leary Rejects Trump's Tariff Rebate Plan, Says Taxpayers Want To See The National Debt Paid Down

President Donald Trump recently suggested that revenue from tariffs could be returned to Americans in the form of rebate checks. He floated the idea as a way to give back to "people of a certain income level," noting that the U.S. is generating "so much money" from tariffs.

Benzinga

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Reason

The National Debt Is Becoming Your Local Problem

Federal overspending is squeezing states and cities, forcing them to raise taxes, slash services, or pile on more debt.

Benzinga

Want To Help Pay Off $37 Trillion National Debt? Government Accepts Venmo, PayPal

The U.S. national debt goes up every minute and with the passage of the One Big Beautiful Bill under President Donald Trump could rise even further in the coming years.

Barchart

America’s $37 Trillion Debt Now Takes Venmo: Should Investors Be Worried?

Behind the headlines, there's a national debt crisis brewing. Here's the warning for investors, and the assets that could be crucial to a well-rounded portfolio.

GOBankingRates

The Impact of Trump’s Big, Beautiful Bill on the Middle vs Upper Class

While there are still more than three years to go, one of the most consequential acts of President Donald Trump’s second administration will likely be his signing of the One Big Beautiful Bill (OBBB) Act into law. The OBBB was quite controversial -- even among Trump’s fellow Republicans -- due…

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Benzinga

Ray Dalio Warns Of 'Economic Heart Attack' In Absence Of Deficit Reduction, Suggests Enacting 1991-1998 Fiscal Discipline

Billionaire Ray Dalio has issued his starkest warning to date regarding the U.S. national debt, comparing the escalating crisis to an impending “economic heart attack.”

Fortune

Ray Dalio issues his most dire warning to America yet: The ballooning $37 trillion debt will trigger an ‘economic heart attack’

The hedge fund billionaire is talking about the nearly $37 trillion national debt—again.

Benzinga

Jim Cramer Says He's Buying 'A Lot' Of Bitcoin As Protection Against Spiraling US Debt: 'Worried About My Kids'

Market commentator and popular media personality Jim Cramer advocated for Bitcoin (CRYPTO: BTC) as a hedge against the escalating U.S. national debt on Wednesday, adding that he is buying a lot himself.

Kiplinger

5 Ways Portfolios Have Been Impacted In Trump's First Six Months in Office

President Trump's first six months in office have kept investors on their toes thanks to whipsaw tariff policies and a massive tax cut and spending bill.

The Guardian - US

Trump news at a glance: immigration agents to ‘flood’ US sanctuary cities as marines withdraw from LA

Trump’s border tsar vows to ‘flood the zone’ with Ice officers, 700 marines redeployed and president’s megabill estimated to pile $3.4tn on to national debt. Key US politics stories from Monday 21 July

Fortune

Ignore 'Sell America' call, says JPMorgan's investment strategy boss—neither tariffs nor national debt are enough to clip the wings of U.S. dominance

EXCLUSIVE: J.P. Morgan’s Jacob Manoukian tells Fortune he remains confident in the U.S. economy’s long-term dominance, dismissing “sell America” calls as shortsighted.

Evening Standard

Public finances on ‘unsustainable’ path due to spending promises, says OBR

Richard Hughes told a briefing in Liverpool that the projected rise in state pension spending would contributed to growing UK national debt.

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