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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
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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
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By Katherine Van DisApril 3, 2026
Fortune 500 Power Moves: Which executives are gaining and losing power
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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 90 of 100
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
  • The vibecession is back. But a change in mood about the economy is often ‘a harbinger of things to come’: a drop in consumer spending and business investment, economist says
    FinanceThe vibecession is back. But a change in mood about the economy is often ‘a harbinger of things to come’: a drop in consumer spending and business investment, economist says
    By Alena BotrosMarch 28, 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
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 holds up a chart while speaking during a press conference about tariffs.
LeadershipTrump says tariffs will help U.S. manufacturing. So why are manufacturers so furious?
By Brit MorseApril 3, 2025
Trump’s tariffs put American growth and prosperity at risk—and raise the likelihood of a recession
CommentaryTrump’s tariffs put American growth and prosperity at risk—and raise the likelihood of a recession
By Gustavo Flores-MaciasApril 3, 2025
U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC.
FinanceTreasury Secretary Bessent blames Trump tariff sell-off in markets on deflating AI bubble: ‘That’s a Mag 7 problem, not a MAGA problem’
By Christiaan HetznerApril 3, 2025
  • US President Donald Trump speaks with European Commission President Ursula von der Leyen in 2020
    PoliticsTrump warns EU and Canada not to team up to resist tariffs—they must take the beating or worse will follow
    By Eleanor PringleMarch 27, 2025
A worker sweeps the floor on the production line at the Skoda Auto AS manufacturing plant in Mlada Boleslav, Czech Republic, on Monday, June 19, 2023. Volkswagen AG is set to outline broad plans to lift returns across its stable of mass-market brands as the carmaker seeks savings in the costly transition to electric cars.
FinanceThe Czech Republic, and its quiet automotive giant Skoda, are bucking an economic downturn unfolding in its crucial ally Germany
By Ryan HoggApril 3, 2025
US President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, DC, on April 2, 2025.
FinanceTrump’s new tariffs will make equity markets ‘suffer,’ economist says, with the ‘downside risk of retaliatory tariffs around the globe’
By Amanda GerutApril 2, 2025
Donald Trump announces sweeping reciprocal tariffs against ‘friend and foe’ with a 10% minimum 
FinanceDonald Trump announces sweeping reciprocal tariffs against ‘friend and foe’ with a 10% minimum 
By Alena BotrosApril 2, 2025
US President Donald Trump during an executive order signing in the Oval Office of the White House in March.
PoliticsTrump team was still hashing out ‘Liberation Day’ tariff plans 24 hours before the announcement
By Christiaan HetznerApril 2, 2025
US President Donald Trump
Politics‘Smell of stagflation’ is mounting as Trump’s Liberation Day arrives
By Eleanor PringleApril 2, 2025
  • Zonda’s chief economist never thought Trump, the only real estate mogul-turned-president, would place tariffs on building materials when housing is already so unaffordable. She was wrong
    FinanceZonda’s chief economist never thought Trump, the only real estate mogul-turned-president, would place tariffs on building materials when housing is already so unaffordable. She was wrong
    By Alena BotrosMarch 27, 2025
Kyla Scanlon, the Gen Z economic commentator  who coined the word ‘vibecession,’ says we’re not in one
FinanceKyla Scanlon, the Gen Z economic commentator who coined the word ‘vibecession,’ says we’re not in one
By Alena BotrosApril 2, 2025
Cory Booker stands on the Senate floor
PoliticsCory Booker just pulled an all-nighter on the Senate floor, protesting Trump’s agenda for more than 14 hours straight: ‘These are not normal times’
By Mike Catalini, Stephen Groves and The Associated PressApril 1, 2025
Larry Fink, chief executive officer of BlackRock Inc.
FinanceLarry Fink says Bitcoin could replace the dollar as the world’s reserve currency because of national debt
By Eleanor PringleApril 1, 2025
Elon Musk (L) holds a chainsaw alongside Argentine President Javier Milei during the annual Conservative Political Action Conference (CPAC) on February 20, 2025.
PoliticsTrump suggests Elon Musk’s DOGE could be shut down long before its expected closing date
By Christiaan HetznerApril 1, 2025
Trump’s tariffs are flawed and contradictory—and the ‘Mar-a-Lago accord’ is suited for the trash bin
CommentaryTrump’s tariffs are flawed and contradictory—and the ‘Mar-a-Lago accord’ is suited for the trash bin
By Steve H. Hanke and John A. TatomApril 1, 2025
Photo of Thomas Barkin
PoliticsPresident Trump wants action from the Fed, but one bank president says April 2 has only delayed their cuts
By Eleanor PringleApril 1, 2025
Trump is knowingly steering the economy off the cliff with tariffs
CommentaryTrump is knowingly steering the economy off the cliff with tariffs
By Jeffrey Sonnenfeld, Steven Tian and Stephen HenriquesMarch 31, 2025
A top forecaster sees the market bottoming as Wall Street raises recession forecasts over Trump tariffs
FinanceA top forecaster sees the market bottoming as Wall Street raises recession forecasts over Trump tariffs
By Alena BotrosMarch 31, 2025
BlackRock CEO Larry Fink
FinanceBlackRock CEO Larry Fink says almost everyone he talks to is ‘more anxious about the economy than any time in recent memory’
By Paolo ConfinoMarch 31, 2025
US President Donald Trump during a swearing-in ceremony for Alina Habba, interim US attorney for New Jersey, not pictured, in the Oval Office of the White House in Washington, DC, US, on Friday, March 28.
FinanceGoldman Sachs now sees much higher odds of economy shrinking, hiking probability of a U.S. recession to 35%
By Christiaan HetznerMarch 31, 2025
U.S. President Donald Trump
PoliticsLiberation Day, April 2, is coming: Trump has put broad-based sanctions on ‘all countries’ on the table
By Eleanor PringleMarch 31, 2025
Dow futures drop as report says White House mulls global tariff of up to 20% on nearly all trading partners
FinanceDow futures drop as report says White House mulls global tariff of up to 20% on nearly all trading partners
By Jason MaMarch 30, 2025
Shoppers in the Soho neighborhood of New York City
RetailCompanies are slashing their earnings forecasts as consumer confidence about the future reaches 12-year low
By Stuart DyosMarch 30, 2025
Trump’s promised ‘Liberation Day’ of tariffs is coming. Here’s what it could mean for you
PoliticsTrump’s promised ‘Liberation Day’ of tariffs is coming. Here’s what it could mean for you
By Josh Boak and The Associated PressMarch 30, 2025
Trump seeks even more aggressive tariffs to fundamentally transform the US economy and eyes a single universal duty, report says
FinanceTrump seeks even more aggressive tariffs to fundamentally transform the US economy and eyes a single universal duty, report says
By Jason MaMarch 29, 2025
U.S. President Donald Trump gestures while speaking during a Women's History Month event in the East Room of the White House on March 26.
PoliticsWarned car tariffs will cost Americans $100 billion, Trump White House won’t budge: ‘We must become a manufacturing powerhouse’
By Christiaan HetznerMarch 28, 2025
Boston Fed president says tariff-induced inflation ‘looks inevitable.’ She suspects the central bank will hold rates steady for longer
FinanceBoston Fed president says tariff-induced inflation ‘looks inevitable.’ She suspects the central bank will hold rates steady for longer
By Alena BotrosMarch 28, 2025
A young business man sits on steps and holds his head in his hands.
NewslettersAmerican worker confidence just hit a record low and is even worse than it was during the darkest days of the pandemic  
By Sara BraunMarch 28, 2025
U.S. President Donald Trump enters the stadium during the Division I Men's Wrestling Championship held at the Wells Fargo Center on March 22, 2025 in Philadelphia.
PoliticsTrump warns U.S. carmakers not to take advantage of tariffs by hiking prices on consumers
By Christiaan HetznerMarch 28, 2025
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