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Economy

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Trump just raised the $39 trillion national debt with the largest budget hike since World War II—and nobody can figure out how to pay for it

“MAGA was told an untruth by Trump—no foreign wars, no adventurism,” Steve Hanke told Fortune. “This is a massive militarization.”

By Nick LichtenbergApril 3, 2026
A woman working alone in an office
MIT created duplicate AI workers to tackle thousands of different tasks. The verdict? Most of the time AI is still just ‘minimally sufficient’
By Tristan BoveApril 3, 2026
JPMorgan Chase CEO Jamie Dimon
Jamie Dimon says the U.S. was right to go to war with Iran: ‘Why the Western world put up with all these proxy wars for 45 years is kind of beyond me’
By Tristan BoveApril 3, 2026
Albert Bourla
Only one U.S. university ranks in the world’s top 10 in STEM. Pfizer’s CEO is calling for change
By Preston ForeApril 3, 2026
Bernie sanders angry pointing
Bernie Sanders calls out Bezos, Musk, Bloomberg, and Buffett in billionaire tax push: ‘The richest people in America have never ever had it so good’
By Catherina GioinoApril 3, 2026
Depressed worker feel tried after overwork and disappointed for his job or being fired.
The jobs report looks good ‘for the wrong reasons,’ top economist warns: It’s hiding how many Americans are giving up
By Eva RoytburgApril 3, 2026
Latest Stories
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CybersecurityInternet Watch Foundation finds 260-fold increase in AI-generated CSAM in just one year, and ‘it’s the tip of the iceberg’
By Catherina GioinoApril 3, 2026
6 Best Vitamins to Boost Energy (2026): Top Recommendations From Experts
Health6 Best Vitamins to Boost Energy (2026): Top Recommendations From Experts
By Emily PharesApril 3, 2026
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HealthWhat Is NMN: Everything You Need to Know From Experts
By Katherine Van DisApril 3, 2026
Best certificates of deposit (CDs) for April 2026
Personal FinanceBest certificates of deposit (CDs) for April 2026
By Glen Luke FlanaganApril 3, 2026
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HealthHers Hair Growth Review 2026: Pros, Cons, and More From Hands-On Testing
By Emily PharesApril 3, 2026
The Benefits of Red Light Therapy: Expert-Approved Advice
HealthThe Benefits of Red Light Therapy: Expert-Approved Advice
By Katherine Van DisApril 3, 2026
Fortune 500 Power Moves: Which executives are gaining and losing power
C-SuiteFortune 500 Power Moves: Which executives are gaining and losing power
By Fortune EditorsApril 3, 2026
Dario Amodei sits in a white chair with his hands pressed together in front of a pink and orange background.
AIThe AI kill switch just got harder to find: LLM-powered chatbots will defy orders and deceive users if asked to delete another model, study finds
By Sasha RogelbergApril 3, 2026
More EconomyPage 89 of 100
Cathie Wood, Founder and CEO, Ark Invest, speaks during the second day of the FII PRIORITY Summit held at the Faena Hotel on February 20, 2025 in Miami Beach, Florida.
FinanceCathie Wood raises fears there are ‘serious liquidity issues in the U.S. banking system’ as Trump tariffs hit
By Christiaan HetznerApril 9, 2025
  • Construction workers wearing high vis vests
    FinanceRobust March jobs report signals the economy is starting from a ‘position of strength’ if Trump tariffs spark downturn
    By Paolo ConfinoApril 4, 2025
Ed Bastian
FinanceDelta CEO warns Trump tariffs are already threatening the $300 billion revenge travel market: ‘We’re acting as if we’re going into a recession’
By Ashley LutzApril 9, 2025
How China is trying to ‘tariff-proof’ its economy as the trade war with U.S. heats up
FinanceHow China is trying to ‘tariff-proof’ its economy as the trade war with U.S. heats up
By Mary Yang, Luna Lin and AFPApril 9, 2025
L-R: Peter Navarro, a Trump trade advisor, and Elon Musk, Tesla CEO and DOGE boss.
PoliticsMusk says Trump top tariff advisor is a ‘moron.’ The White House says it won’t interfere: ‘Boys will be boys’ 
By Eleanor PringleApril 9, 2025
Trump began to overturn the global economic order at a moment when the U.S. was dominating it
FinanceTrump began to overturn the global economic order at a moment when the U.S. was dominating it
By Paul Wiseman and The Associated PressApril 9, 2025
Dave Portnoy estimates he’s lost $20 million after the Trump tariff-fueled stock market ‘bloodbath’ 
FinanceDave Portnoy estimates he’s lost $20 million after the Trump tariff-fueled stock market ‘bloodbath’ 
By The Associated Press and Meg KinnardApril 8, 2025
  • Trump is a drunk driver taking the economy off the cliff into a needless recession—as we warned
    CommentaryTrump is a drunk driver taking the economy off the cliff into a needless recession—as we warned
    By Jeffrey Sonnenfeld and Steven TianApril 4, 2025
Summers warns U.S. likely headed to recession, 2 million jobless
FinanceSummers warns U.S. likely headed to recession, 2 million jobless
By Christopher Anstey and BloombergApril 8, 2025
More Americans are stressed about their finances, and it has dangerous consequences for health and IQ
LifeMore Americans are stressed about their finances, and it has dangerous consequences for health and IQ
By Alexa MikhailApril 8, 2025
Treasury Secretary Scott Bessent says negotiations over tariffs are happening, and about 70 countries have called the White House since ‘Liberation Day’ to talk trade
FinanceTreasury Secretary Scott Bessent says negotiations over tariffs are happening, and about 70 countries have called the White House since ‘Liberation Day’ to talk trade
By Alena BotrosApril 8, 2025
The Ha'penny Bridge is a pedestrian bridge built in 1816 over the River Liffey in Dublin, Ireland.
FinanceCould Trump tariffs solve Ireland’s housing crisis?
By Ryan HoggApril 8, 2025
U.S. Secretary of Treasury Scott Bessent and U.S. President Donald Trump look on during The White House Digital Assets Summit in the State Dining Room of the White House on March 07, 2025 in Washington, DC.
PoliticsMarkets will keep tanking until Trump tells them what it is he actually wants, Treasury’s Bessent reportedly tells president
By Christiaan HetznerApril 8, 2025
  • U.S. President Donald Trump arrives to speak during a “Make America Wealthy Again” trade announcement event.
    Politics‘There will be blood’: JPMorgan raises recession risk to 60% as global stock market sell off continues
    By Christiaan HetznerApril 4, 2025
Donald Trump and Elon Musk
PoliticsCracks are beginning to show in the Musk-Trump partnership after the Tesla CEO reportedly appealed to White House on tariffs
By Eleanor PringleApril 8, 2025
GOP Senator wonders if tariff ‘medicine will be worse than the disease’—‘This is President Trump’s economy now’
FinanceGOP Senator wonders if tariff ‘medicine will be worse than the disease’—‘This is President Trump’s economy now’
By Chris Megerian, Josh Boak and The Associated PressApril 8, 2025
James Lamb works on the floor at the New York Stock Exchange in New York, Monday, April 7, 2025.
FinanceWhat is a bear market? How Trump’s tariff blitz caused a market meltdown that could send the S&P 500 to lows not seen since 2022
By Stan Choe, Alex Veiga and The Associated PressApril 7, 2025
Larry Fink says most CEOs he talks to think US is in a recession
FinanceLarry Fink says most CEOs he talks to think US is in a recession
By Silla Brush and BloombergApril 7, 2025
A third-generation NYC candy shop owner says Trump’s historic tariffs will devastate his business—and fears ‘hyperinflation’
FinanceA third-generation NYC candy shop owner says Trump’s historic tariffs will devastate his business—and fears ‘hyperinflation’
By Matt Sedensky and The Associated PressApril 7, 2025
Bill Ackman attends Legion of Honour Award Ceremony and Dinner at the Park Avenue Armory in New York City.
PoliticsInvestor Bill Ackman pleads with Trump White House not to declare a ‘global economic war against the whole world at once’
By Christiaan HetznerApril 7, 2025
Wall Street expects the Fed to rescue the economy from Trump tariffs, but an emergency rate cut now could spark more panic, analyst warns
FinanceWall Street expects the Fed to rescue the economy from Trump tariffs, but an emergency rate cut now could spark more panic, analyst warns
By Jason MaApril 7, 2025
Jamie Dimon, chief executive officer of JPMorgan Chase
FinanceJamie Dimon concerned Trump tariffs will leave the U.S. out in the cold: ‘America First is fine, as long as it doesn’t end up being America alone’
By Eleanor PringleApril 7, 2025
U.S. President Donald Trump
FinanceDonald Trump shares video claiming he’s ‘purposefully crashing the market’—but then insists ‘he doesn’t want anything to go down’
By Eleanor PringleApril 7, 2025
Traders work on the floor of the New York Stock Exchange
Newsletters5 strategies CEOs are using to navigate Trump tariff turbulence
By Ruth Umoh and Lily Mae LazarusApril 7, 2025
Trump tariffs could climb even further—to the highest since 1872—before they ease again as a cycle of retaliation and escalation plays out
FinanceTrump tariffs could climb even further—to the highest since 1872—before they ease again as a cycle of retaliation and escalation plays out
By Jason MaApril 6, 2025
Trump advisers say 50-plus countries have reached out for tariff talks with White House
PoliticsTrump advisers say 50-plus countries have reached out for tariff talks with White House
By Adriana Gomez Licon and The Associated PressApril 6, 2025
Bessent strikes defiant tariff tone as he rejects US recession
FinanceBessent strikes defiant tariff tone as he rejects US recession
By Shawn Donnan and BloombergApril 6, 2025
Trump tariffs could help clear the way for bigger tax cuts as Congress eyes a potential revenue windfall — and a shrinking economy
FinanceTrump tariffs could help clear the way for bigger tax cuts as Congress eyes a potential revenue windfall — and a shrinking economy
By Jason MaApril 5, 2025
JPMorgan says Trump’s tariffs to send US into recession
FinanceJPMorgan says Trump’s tariffs to send US into recession
By Matthew Boesler and BloombergApril 5, 2025
President Donald Trump gestures while speaking during an executive order signing event in the Oval Office of the White House on March 31, 2025 in Washington, DC.
PoliticsWhat is Trump really trying to achieve with his tariff plan, and will it work?
By Eleanor PringleApril 5, 2025
Trump tariffs are weakening the dollar instead of boosting it—further adding to the price Americans will pay for costlier imports
FinanceTrump tariffs are weakening the dollar instead of boosting it—further adding to the price Americans will pay for costlier imports
By Jason MaApril 5, 2025
Wharton’s Jeremy Siegel calls Trump’s tariffs the ‘biggest policy mistake in 95 years’
FinanceWharton’s Jeremy Siegel calls Trump’s tariffs the ‘biggest policy mistake in 95 years’
By Alena BotrosApril 4, 2025
Trump’s tariffs are not ‘common sense’—and they’re putting America’s credibility and ‘exorbitant privilege’ at risk
CommentaryTrump’s tariffs are not ‘common sense’—and they’re putting America’s credibility and ‘exorbitant privilege’ at risk
By Steve H. Hanke and Matt SekerkeApril 4, 2025
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