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Federal budget

U.S. Treasury Secretary Scott Bessent looks on as U.S. President Donald Trump delivers remarks.
Economy
U.S. Treasury will have to borrow $2 trillion this year just to continue functioning—more than $166 billion every month
By Eleanor PringleMay 7, 2026
President Donald Trump delivers the State of the Union address during a joint session of Congress in the House Chamber at the Capitol on February 24, 2026 in Washington, DC.
Economy
‘Any semblance of fiscal responsibility’ has been abandoned, says budget watchdog, as national debt creeps toward $39 trillion milestone
By Eleanor PringleMay 5, 2026
Nicolai Tangen, chief executive officer of Norges Bank Investment Management, left, and Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Norges Bank Investment Management annual investment conference in Oslo, Norway, on Tuesday, April 28, 2026.
Economy
Jamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
By Eleanor PringleApril 29, 2026
President Trump Speaks At West Point Commencement Ceremony
Economy
When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian
By Eleanor PringleApril 23, 2026
Photo of Phillip Swagel
Economy
The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely
By Eleanor PringleApril 20, 2026
President Donald Trump delivers the State of the Union address during a joint session of Congress at the Capitol on February 24, 2026 in Washington, DC.
Economy
The next generation of senators has a ticking time bomb in its lap: Social Security’s impending insolvency and no plan for the national debt
By Eleanor PringleApril 10, 2026
A view of a bus shelter at Pennsylvania Avenue and 22nd Street NW where an electronic billboard and a poster display the current U.S. National debt per person and as a nation at 38 Trillion dollars on October 28, 2025 in Washington, DC.
Economy
‘We owe it to the next generation’ to get national debt under control, says think tank boss, as U.S. borrowing hits $1.2 trillion in just six months
By Eleanor PringleApril 10, 2026
US President Donald Trump, left, and Scott Bessent, US treasury secretary,
Economy
The U.S. government is spending $88 billion a month in interest on national debt—equal to spending on defense and education combined
By Eleanor PringleApril 9, 2026
Jamie Dimon, chief executive officer of JPMorgan Chase
Economy
The U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon. But the government did nothing, and now its best option is crisis management
By Eleanor PringleApril 8, 2026
Maya MacGuineas, center, Committee for Responsible Federal Budget.
Economy
‘There is no silver lining in this trajectory’: Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion U.S. debt
By Eleanor PringleMarch 27, 2026
President Donald Trump pictured in North Carolina standing in front of an American flag
Economy
Medicare spending set to nearly double in 10 years and Medicaid and ACA spending up a third, CBO says just as Trump’s tax cuts shorten their life span
By Tristan BoveFebruary 26, 2026
USAID division killed by Trump is reborn after 2 mysterious donors give $48 million
Politics
USAID division killed by Trump is reborn after 2 mysterious donors give $48 million
By Thalia Beaty and The Associated PressFebruary 6, 2026
U.S. President Donald Trump speaks to reporters and members of the media at Mar-a-Lago on February 1, 2026 in Palm Beach, Florida.
Economy
President Trump just missed a key legal deadline for his spending plans—stoking economists’ fears over the $38.5 trillion national debt
By Eleanor PringleFebruary 3, 2026
Trump to meet with top congressional leaders Monday ahead of government shutdown deadline at midnight on Wednesday
Politics
Trump to meet with top congressional leaders Monday ahead of government shutdown deadline at midnight on Wednesday
By Seung Min Kim and The Associated PressSeptember 27, 2025
White House wants $58 million security boost after Kirk shooting
Politics
White House wants $58 million security boost after Kirk shooting
By Maria Paula Mijares Torres, Gregory Korte and BloombergSeptember 14, 2025
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