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The Latest Breaking News from National Debt

Trump touts tariffs as a budget fix. But the brutal truth is ‘they’re very weak’ and barely dent the $39 trillion national debt

An international tax policy expert told Fortune any form of tariff fails to “move the needle one way or the other.”

Fortune

Trump's loss of $1.7 trillion in tariff revenue will send the national debt to $58 trillion by 2036, think tank projects

The Supreme Court's invalidation of the president's sweeping import levies has blown a bigger hole in federal finances.

Fortune

Interest on the $38.8 trillion national debt has tripled since 2020, and it already costs taxpayers more than defense and Medicaid

Here’s when Medicare falls below interest costs, according to CBO projections.

Fortune

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More people are moving out of the U.S. than moving in for the first time since the Great Depression—a bad omen for the $38.8 trillion national debt

How Trump’s immigration crackdown could erase “the most potent fiscal engine this country has ever seen.”

Fortune

Trump didn’t mention the $38.8 trillion national debt once in his State of the Union, but 90% of voters are worried

“Kitchen table cost-of-living issues” are top of mind right now, the Peter G. Peterson Foundation says, and voters connect them to the spiraling national debt.

Fortune

Days before the national debt is due to hit $39 trillion, President Trump didn’t mention it once during the longest State of the Union ever

He did mention debt as a concept when he commemorated “the debt we owe to the heroes who came before us.”

Fortune

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

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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

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

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

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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."

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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

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.”

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.

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