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Scott Bessent, US treasury secretary, during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, June 23, 2026.
Economy
Elon Musk says AI is the only way to fix the $40 trillion U.S. debt crisis—but a new study says even the most optimistic scenario won’t fill the hole
By Eleanor PringleJuly 2, 2026
U.S. President Donald Trump speaks with reporters while aboard Air Force One en route to Chippewa Falls, Wisconsin on June 5, 2026.
Economy
Tariffs are generating only 25% of the revenue needed to pay interest on national debt—despite pitch that it would be a silver bullet
By Eleanor PringleJune 16, 2026
U.S. President Donald Trump arrives for a 'Rose Garden Club' dinner for National Police Week in the Rose Garden at the White House on May 11, 2026 in Washington, DC.
Economy
U.S. national debt officially hits $39 trillion—adding approximately $5 billion a day since October
By Eleanor PringleMay 20, 2026
Forget U.S. debt, China’s total borrowing is in ‘a league of its own’—much worse and deteriorating faster, analyst says
Economy
Forget U.S. debt, China’s total borrowing is in ‘a league of its own’—much worse and deteriorating faster, analyst says
By Jason MaMay 11, 2026
U.S. Treasury Secretary Scott Bessent adjusts his glasses during a meeting with U.S. President Donald Trump and President of Argentina Javier Milei in the Cabinet Room at the White House on October 14, 2025 in Washington.
Economy
U.S. Treasury pays $3 billion a day in interest on national debt nearing $39 trillion mark
By Eleanor PringleMay 11, 2026
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
‘Cut up the credit cards:’ Congress is getting brutal about ‘embarrassing’ $31 trillion national debt
Economy
‘Cut up the credit cards:’ Congress is getting brutal about ‘embarrassing’ $31 trillion national debt
By Eleanor PringleMay 1, 2026
Piles of U.S. one-dollar bills split into sections of various height
Economy
The debt crisis Congress has been ignoring could cost the average U.S. household $18,000 a year, according to a Brookings analysis
By Shawn TullyApril 30, 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
US President Donald Trump speaks to members of the media in the Oval Office of the White House in Washington, DC, US, on Thursday, April 23, 2026.
Economy
Trump’s ‘gold card’ visas were supposed to solve the $39 trillion national debt. They’ve sold only one
By Eleanor PringleApril 28, 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
Jodey Arrington, R-Texas, is seen during the House Budget Committee markup of the "Concurrent Resolution on the Budget for FY2025,"
Economy
‘We have to be able to walk and chew gum’ on government spending, says budget chairman, addressing debt crisis and national security
By Eleanor PringleApril 14, 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
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