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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
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
Hers Hair Loss Minoxidil
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
Energy markets are having a Wile E. Coyote moment as oil supplies go off a cliff, expert says
EnergyEnergy markets are having a Wile E. Coyote moment as oil supplies go off a cliff, expert says
By Jason MaApril 3, 2026
More EconomyPage 92 of 100
In this pool photograph distributed by Russian state agency Sputnik, Russia's President Vladimir Putin (L) speaks with Russia's energy giant Gazprom CEO Alexei Miller as they visit the Lakhta Centre skyscraper, the headquarters of Russian gas monopoly Gazprom in Saint Petersburg on June 5, 2024.
FinanceRussia’s fallen giant Gazprom selling off luxury properties as group swings to reported $12.9 billion loss
By Ryan HoggMarch 18, 2025
  • Anxious woman looks at laptop in a dark room
    SuccessLayoff anxiety has pushed employee confidence to the worst rock bottom in nearly a decade
    By Irina IvanovaMarch 11, 2025
Scott Bessent says he’s not worried about the stock market’s ‘healthy correction,’ insisting the Trump administration is only trying to avoid an even bigger financial crisis
PoliticsScott Bessent says he’s not worried about the stock market’s ‘healthy correction,’ insisting the Trump administration is only trying to avoid an even bigger financial crisis
By Marco Quiroz-GutierrezMarch 18, 2025
German auto woes deepen: Audi to cut 7,500 jobs by 2029 amid rising Chinese competition and EV slowdown
RetailGerman auto woes deepen: Audi to cut 7,500 jobs by 2029 amid rising Chinese competition and EV slowdown
By AFPMarch 18, 2025
During prepared remarks at the 2025 U.S. Monetary Policy Forum earlier this month Federal Reserve Chair Jerome Powell reiterated he believed the Fed could afford to wait on cutting rates further.
FinanceThe Fed is expected to hold rates steady, as investors white-knuckle it through a brutal selloff and recession fears. ‘Policymakers aren’t providing any encouragement’
By Paolo ConfinoMarch 18, 2025
An Arkansas resort town is feuding over the title of world’s shortest St. Patrick’s Day parade
LifestyleAn Arkansas resort town is feuding over the title of world’s shortest St. Patrick’s Day parade
By The Associated Press and Andrew DeMilloMarch 17, 2025
Trump hollers out the window of a Tesla with Elon Musk sitting next to him
PoliticsA CEO says his solar-panel company bought a new Tesla every year since 2021, but canceled his order for 15 new cars because the United States is a ‘country closing in on itself’
By Vanessa Gera and The Associated PressMarch 17, 2025
  • A view on two airplanes of the AirFrance KLM Group, parked at the gate of Paris Charles de Gaulle international Airport. Roissy en France, Paris, Ile de France, France. KLM and Air France.
    RetailEurope’s airlines are plunging in value as Trump recession warnings threaten Americans’ ‘unbelievable’ spending power abroad
    By Ryan HoggMarch 11, 2025
Foreign tourism into the U.S. is suddenly reversing and is now expected to drop, due in part to ‘polarizing Trump administration policies and rhetoric’
FinanceForeign tourism into the U.S. is suddenly reversing and is now expected to drop, due in part to ‘polarizing Trump administration policies and rhetoric’
By Jason MaMarch 17, 2025
U.S. President Donald Trump.
CommentaryTariffs won’t make America great again: Export-Import Bank’s former chairman and president
By Fred P. HochbergMarch 17, 2025
American Eagle’s CEO notes a psychological shift with Gen Z shoppers—and it’s fueled by economic anxiety
FinanceAmerican Eagle’s CEO notes a psychological shift with Gen Z shoppers—and it’s fueled by economic anxiety
By The Associated Press, Christopher Rugaber and Anne D'InnocenzioMarch 17, 2025
Rick Lazio: A prescription for economic steroids before the midterms
CommentaryRick Lazio: A prescription for economic steroids before the midterms
By Rick LazioMarch 17, 2025
US President Donald Trump
FinanceWall Street sell-off is actually being caused by warped expectations vs reality, says JPMorgan strategy boss
By Eleanor PringleMarch 17, 2025
  • Scott Bessent gestures while holding a microphone
    Politics‘Cheap goods’ aren’t part of the American Dream, Trump’s treasury secretary says
    By Irina IvanovaMarch 11, 2025
Wall Street’s recession odds are starting to look like a coin flip as Trump refuses to back down on his trade war 
FinanceWall Street’s recession odds are starting to look like a coin flip as Trump refuses to back down on his trade war 
By Jason MaMarch 16, 2025
China maps out plan to raise incomes and boost consumption
FinanceChina maps out plan to raise incomes and boost consumption
By BloombergMarch 16, 2025
Trump claims tariffs will make the U.S. ‘rich again.’ But 5 undisputed facts about how they work throw cold water on that notion
FinanceTrump claims tariffs will make the U.S. ‘rich again.’ But 5 undisputed facts about how they work throw cold water on that notion
By Shawn TullyMarch 16, 2025
The backbone of the US economy flashes stagflation warnings as uncertainty spikes on tariffs and layoffs — ‘storm clouds are forming’
FinanceThe backbone of the US economy flashes stagflation warnings as uncertainty spikes on tariffs and layoffs — ‘storm clouds are forming’
By Jason MaMarch 15, 2025
Economists are trying to quantify what Trump’s trade wars could do to the economy. There’s little precedent
FinanceEconomists are trying to quantify what Trump’s trade wars could do to the economy. There’s little precedent
By Shawn TullyMarch 15, 2025
Scott Bessent says the U.S. economy is detoxing but that doesn’t mean there will be a recession: ‘I’m not concerned about a little bit of volatility over three weeks’
FinanceScott Bessent says the U.S. economy is detoxing but that doesn’t mean there will be a recession: ‘I’m not concerned about a little bit of volatility over three weeks’
By Alena BotrosMarch 14, 2025
Trump has never been this underwater on how Americans view his performance on the economy as tariffs raise stagflation fears
PoliticsTrump has never been this underwater on how Americans view his performance on the economy as tariffs raise stagflation fears
By Jason MaMarch 14, 2025
U.K. economy shrinks in January in fresh setback for Starmer
PoliticsU.K. economy shrinks in January in fresh setback for Starmer
By Tom Rees, Irina Anghel and BloombergMarch 14, 2025
Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC.
FinanceU.S. household net worth climbed to record at end of 2024
By Augusta Saraiva and BloombergMarch 13, 2025
Donald Trump getting out of a red car
FinanceInflation cooled in February, but economists say Trump’s tariffs haven’t had time to take effect
By Alena BotrosMarch 12, 2025
Harley Davidson event in Hamburg, Germany. It is a traditional event in Hamburg every year. Now the event is on the place Grossmarkt. Its the greatest Harley event in Germany. Lots of people are over 3 days there. The event starts with many partys and concerts. Traditional is the church service on sunday with the great rally over the streets of Hamburg with all bikers. Harley Davidson is a company for motorbikes since 1903."
FinanceEU escalates Trump trade war by slapping import tariffs on Bourbon whiskey and Harley-Davidsons in $28 billion retaliation
By Ryan HoggMarch 12, 2025
US President Donald Trump speaks to members of the media while looking at Tesla vehicles on the South Lawn of the White House in Washington, DC, US, on Tuesday, March 11, 2025.
FinanceTrump’s tariffs have pushed markets to the doorstep of ‘correction territory’ says Wall Street
By Eleanor PringleMarch 12, 2025
Larry Summers says there is a real possibility of a recession, which he calls the result of a ‘self-inflicted wound’
FinanceLarry Summers says there is a real possibility of a recession, which he calls the result of a ‘self-inflicted wound’
By Alena BotrosMarch 12, 2025
Seniors on yacht observing the beauty of the summer sky
LifestyleViking sees rich customers helping it overcome travel slump
By Redd Brown and BloombergMarch 11, 2025
A man wearing a Trump hat and shirt, along with his red trading uniform, looks to his right on the floor of the New York Stock Exchange.
FinanceGoldman Sachs’ chief economist just downgraded the entire U.S. economy as Trump’s latest tariff salvo rattles markets
By Greg McKennaMarch 11, 2025
Photo of Jamie Dimon
PoliticsJamie Dimon says Trump’s presidential pressure on the Fed is nothing new—but impact is limited
By Eleanor PringleMarch 11, 2025
Strategy stock is down 50% since November highs as economic headwinds weigh on Bitcoin
CompaniesStrategy stock is down 50% since November highs as economic headwinds weigh on Bitcoin
By Catherine McGrathMarch 11, 2025
stressed man looking at stocks
FinanceFinance leaders are losing faith in Trump’s economy, with optimism plummeting 20% since last quarter. ‘There are a lot of warning signs right now’
By CFO BrewMarch 11, 2025
China's Premier Li Qiang prepares to speak at the National People's Congress in Beijing last week.
CommentaryChina has only one real way to hit its 2025 growth target
By Steve H. Hanke and Caleb HofmannMarch 11, 2025
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Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech townsplaceholder alt text
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