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The Latest Breaking News from National Debt

Elon Musk is on a national debt crusade after slamming Trump's spending bill

Jamie Dimon, Warren Buffett, Ray Dalio, Jerome Powell—and now Elon Musk, are all sounding the alarm on America's national debt.

Fortune

Elon Musk slams Trump’s signature budget bill as a ‘disgusting abomination’

Donald Trump’s budget bill faces Republican discord in Senate, where some lawmakers reject increase to US national debt.

Al Jazeera

David Stockman: Trump Is a 'Faker' on the Debt

Reagan's budget chief warns that the One Big Beautiful Bill Act could balloon the national debt to $60 trillion, risking a catastrophic bond market crisis.

Reason

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Trump is going to get 'punched in the face' by markets if he pushes through spending bill without a plan for national debt and tariffs, says Wharton professor

Republicans argue that growth is the best way to rebalance America’s books, but economists fear that tax cuts may be the final nail in the coffin for national debt.

Fortune

What is modern monetary theory? An economist explains how it could help Canada

Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.

The Conversation

Top Republicans threaten to block Trump’s spending bill if national debt is not reduced

Prominent US senators warn Trump to ‘get serious’ about addressing budget deficit or they will block ‘beautiful bill’

The Guardian - US

How Does the National Debt Affect You? A Budget Expert Explains.

Higher debt means lower wages, higher interest rates, and fewer opportunities, says Romina Boccia of the Cato Institute.

Reason

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Will Moody's U.S. credit downgrade trigger 'flight to quality?'

It’s no secret the national debt is on an unsustainable path.

Fortune

The US has $36 trillion in debt. What does that mean, and who owns it?

The US has the highest national debt in the world, a quarter of which is owned by other countries.

Al Jazeera

Not Even the Moody's Downgrade Can Make Republicans Take the National Debt Seriously

Friday's announcement by Moody's and the House Budget Committee vote could have been a turning point.

Reason

Republican Reconciliation Package Will Lead to $3 Trillion Annual Deficits

A new analysis from the Committee for a Responsible Federal Budget estimates that the national debt will equal nearly 130 percent of GDP by 2034.

Reason

MTG signals the one thing that will cost Republicans ‘bigly’ in midterms in warning to colleagues

Republicans are at odds on whether to pass Trump’s tax cuts, which could introduce $4.6 trillion to the national debt over the next decade

The Independent UK

Larry Fink says Bitcoin could replace the dollar as the world’s reserve currency because of national debt

Larry Fink, CEO of BlackRock, has warned national debt could lead to Bitcoin becoming a preferred reserve currency over the dollar.

Fortune

Why are Trump supporters claiming he wants to crash the US stock market?

Some MAGA followers are spreading an unsubstantiated theory related to the cost of the US national debt.

Al Jazeera

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The Conversation

Why Trump’s plan to cut national debt by selling ‘gold card’ visas for US$5 million each won’t work

The US president, Donald Trump, is set to introduce a “gold card” visa that would allow wealthy foreigners to buy permanent US residency – and a path to citizenship – for US$5 million (£3.9 million).

Fortune

President Trump says U.S. can pay off $36 trillion debt by selling wealthy immigrants ‘gold card’ visas worth $5 million to get citizenship

Details of President Trump’s “gold card” visa program are still being finalized, but the proceeds are already earmarked to help tackle America’s national debt burden.

International Business Times UK

'Bitcoin Has Reached Escape Velocity': Michael Saylor Urges US To Buy 20% Of BTC Supply, Use It To Clear National Debt

MicroStrategy founder Michael Saylor said that the US must secure a dominant position in the digital asset space as China, Russia, Saudi Arabia, and European countries rapidly increase their stakes in Bitcoin.

International Business Times UK

DOGE Dividend Cheques May Give Americans $5000 Each: What Is It And How Do You Qualify For It

Americans could use DOGE dividend cheques to clear debt, grow their emergency funds, and invest in long-term goals like retirement, which could have an overall deflationary effect on the US economy.

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International Business Times

Trump Says He May Consider $5,000 'Refund' Checks For American Taxpayers From DOGE Savings

President Donald Trump says there is a proposal to use portions of the DOGE's savings to pay down national debt and provide tax refunds for American taxpayers.

Top News

US National Debt Projected To Rise By .9 Trillion

CBO outlook warns of .9 trillion national debt increase, rising deficits, and challenges ahead.

The Independent UK

CBO projects U.S. debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts

The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump

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