spending in excess of revenue
OpinionThe crisis in France will not stay in France. Canada, beware: Investors are dumping French government bonds, and the problem is spreading
theglobeandmail.com/business/commentary/article-the-crisis-in-france-will-not-stay-in-france-canada-beware/
Why Did DOGE Exist? Now We Know.: Turns out, Elon Musk’s pimply minions didn’t actually want to cut government spending. They wanted to get a piece of it for ...
newrepublic.com/article/216532/elon-musk-doge-employees-government-contracts
The Bill for Trumpism Comes Due: Budget promises made, budget promises broken
theatlantic.com/ideas/2026/10/trump-budget-deficit-debt/689085/
The dark forces driving discontent across the developed world: The unwritten agreement between workers and the democratic state is fraying ...
abc.net.au/news/2026-10-20/rising-political-cost-of-growing-inequality/107284494
The Globe and Mail Oct 22
Why is the French economy, and the country in general, in such a mess?: France’s mountain of debt will make it difficult to address the concerns of the ...
theglobeandmail.com/world/article-france-protests-economy-debt-explainer/
Why Did DOGE Exist? Now We Know.: Turns out, Elon Musk’s pimply minions didn’t actually want to cut government spending. They wanted to get a piece of it for ...
newrepublic.com/article/216532/elon-musk-doge-employees-government-contracts
Labour will not have the courage to cut spending, says Badenoch : Speaking ahead of next week's Budget, the Conservative leader says her party would make £70bn ...
bbc.co.uk/news/articles/cry835v68dq9o
U.S. fiscal 2026 budget deficit rises to US$1.99 trillion, largest in 5 years: The U.S. budget deficit rose by US$217 billion to $1.99 trillion in the 2026 ...
bnnbloomberg.ca/business/international/2026/10/16/us-fiscal-2026-budget-deficit-rises-to-us199-trillion-largest-in-5-years/
OpinionLetters to the Editor: There are options for shrinking our deficit beyond reducing benefits
latimes.com/opinion/letters-to-the-editor/story/2026-10-20/budget-deficits-taxes-benefits
Federal deficit last year was largest since pandemic and voters are noticing: America's national debt problem is getting worse. Interest alone cost the federal ...
foxbaltimore.com/news/nation-world/federal-deficit-last-year-was-largest-since-pandemic-and-voters-are-noticing-economic-treasury
U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting: Higher interest rates are inflating borrowing costs as the Trump administration ...
nytimes.com/2026/10/16/business/us-budget-deficit-nears-2-trillion-a-reality-check-for-trumps-cost-cutting.html
U.S. Budget Deficit Jumps to Nearly $2 Trillion: Federal finances are stuck in a rut that alarms policymakers, but hasn’t moved them to change course
wsj.com/politics/policy/u-s-deficit-clocks-in-just-under-2-trillion-7e8e9eb3
Paid articlePaywall
After France, is Italy next? Goldman Sachs flags bond risks as Rome's deficit widens
cnbc.com/2026/10/11/italy-government-bonds-sovereign-debt-giorgia-meloni.html
OpinionRand Paul: I'm leading by example to solve our national debt | Opinion: I take pride in leading by example and remaining true to the constitutional principles ...
courier-journal.com/story/opinion/contributors/2026/10/08/rand-paul-us-national-debt-budget-reform-frugal-conservative-spending-six-penny-plan/92140682007/
UNITED24 Media Oct 07
Putin Pushes Russia’s 2026 War Spending to $200 Billion—Matching Next Year’s Record Budget
united24media.com/war-in-ukraine/putin-pushes-russias-2026-war-spending-to-200-billion-matching-next-years-record-budget-23216
defence-blog.com Sep 29
Russia plans record $200 billion military budget for 2027: Russia plans to spend a record 17.1 trillion rubles ($201 billion) on its military in 2027 ...
defence-blog.com/russia-plans-record-200-billion-military-budget-for-2027/
Russian Billionaires Fund 1% of State Budget in ‘Voluntary’ War Levy: Russian billionaires donated $5.6B to fund 1% of state spending amid war costs.
kyivpost.com/post/86036
Russia to Sharply Increase War Spending and Cut Social Programs: Both sides are finding it increasingly difficult to finance the conflict in Ukraine ...
nytimes.com/2026/10/01/world/europe/russia-war-budget.html
Treasurer defends inflation record as 15-year interest rate high looms: The government has celebrated a deficit $6 billion lower than the May forecast but warned ...
abc.net.au/news/2026-09-28/chalmers-interest-rates-cost-of-living-households-mortgage/107203392
Government forecast to record €1.4bn Exchequer deficit, according to pre-budget White Paper
irishexaminer.com/news/arid-41919118.html
The $40 trillion U.S. national debt is smaller than Japan’s relative to its economy—but economist warns America is still ‘the world’s largest debtor’
fortune.com/article/why-is-americas-national-debt-so-bad-if-debt-to-gdp-ratio-isnt-as-bad-as-japan/
Paid articlePaywall
Patients would contribute more for drugs under proposed policy: New recruitment and spending restrictions to be introduced in health service in coming days amid ...
irishtimes.com/health/2026/09/23/patients-would-contribute-more-for-drugs-under-proposed-policy/
Strong GDP, oil prices boost federal fiscal position: The federal government likely finds itself in a better fiscal position as it heads into the fall session of ...
ctvnews.ca/politics/article/ottawas-summer-spending-flurry-offset-by-stronger-gdp-oil-revenues/
Thousands of protesters marched in Buenos Aires against President Javier Milei's austerity measures. Human rights and political groups accused the ... Show more
No more handouts: Stark warning as soaring interest bill revealed: Australia’s debt has surged past $1 trillion and rising global interest rates have thrown out ...
smh.com.au/politics/federal/no-more-handouts-stark-warning-as-soaring-interest-bill-revealed-20260923-p60zug.html
Trump, hoping to salvage midterms, makes dubious pledge to give every US adult $5,000 if GOP wins
apnews.com/article/trump-dividend-5k-5000-check-republicans-cc80644e3168acd31c892129fb849436
Trump Dividends Would Cost $1.22 Trillion. How Will He Find the Money?: "I will issue a dividend to every adult citizen in the United States of America for $5 ...
newsweek.com/trump-dividends-would-cost-1-22-trillion-how-find-money-12424329
Russia's wartime economy faces long-term erosion from debt and military spending
apnews.com/article/russia-election-economy-oil-exports-79bf1c1abd5da48769ed8dab4a766de0
French PM vows to cut public spending by €54 billion to reduce deficit: Prime Minister Sébastien Lecornu said on Thursday that France will cut public spending by ...
france24.com/en/france/20260918-french-pm-vows-to-cut-public-spending-by-%E2%82%AC54-billion-to-reduce-deficit
$500 billion to be wiped off Australia’s debt: Australia’s economic future has taken a massive turn for the better, with Treasury’s long-term forecasts wiping ...
news.com.au/finance/economy/australian-economy/treasury-says-500-billion-will-be-wiped-off-australias-debt-in-the-long-run/news-story/bd013aa3425a54b6559aa435640d6e1a
defence-blog.com Sep 09
Russia’s military spending hits a record 44% of its budget: Russia spent a record 44% of its federal budget on the military in the first half of 2026 ...
defence-blog.com/russias-military-spending-hits-a-record-44-of-its-budget/
Chalmers wipes more than $500b off nation’s debt – in four decades’ time: Long-term forecasts on the state of the nation’s budget are good news – for future ...
smh.com.au/politics/federal/chalmers-wipes-more-than-500b-off-nation-s-debt-in-four-decades-time-20260916-p60xur.html
U.S. President Donald Trump has pledged a $5,000 “dividend” for every adult U.S. citizen if Republicans retain control of Congress — a promise that could cost ... Show more
Bessent Says Trump ‘Very Real’ About $5,000 Election 'Bribe' Payments: The treasury secretary claimed his department was looking at ways Trump could send out the ...
huffpost.com/entry/bessent-trump-5000-election-bribe-payments_n_6aa9714ee4b03cde7facbe7f
Trump’s dubious promise would likely cost more than $1 trillion and require congressional approval, and would further exacerbate the country’s nearly $1 ... Show more
Trump, hoping to salvage midterms, makes a dubious pledge to give every US adult $5,000 if GOP wins – Sun Sentinel
Trump, hoping to salvage midterms, makes a dubious pledge to give every US adult $5,000 if GOP wins – Sun Sentinel
Jamie Dimon understands why people are anti-rich: ‘We have, in fact, left the lower-income folks behind’ and ‘that’s kind of annoying’
fortune.com/2026/07/15/jamie-dimon-understand-why-anti-rich-sentiment-poor-areas/
Paid articlePaywall
Osama Bin Laden Won: The architect of the September 11 attacks dreamed of the destruction of America. In the last 25 years, his wish has come true.
theintercept.com/2026/09/11/bin-laden-september-11-trump-america/
Trump Pledged Fiscal Restraint. Instead, Debt Tops $40 Trillion as Borrowing Costs Rise
usnews.com/news/politics/articles/2026-09-02/trump-pledged-fiscal-restraint-instead-debt-tops-40-trillion-as-borrowing-costs-rise
Even the whole GDP won't cover spending: Ukraine has received US$200bn from its partners, but that isn't enough
pravda.com.ua/eng/articles/2026/09/08/8052448/
OpinionEditorial: With massive deficit spending looming, Japan must heed market's fiscal warning - The Mainichi
mainichi.jp/english/articles/20260902/p2a/00m/0op/006000c
How to survive a national debt scare: $40 trillion in national debt isn’t automatically a crisis. We should still be worried.
vox.com/podcasts/501375/national-debt-40-trillion-jared-bernstein-economy-debt-ratio
'We are sounding the alarm': Mayor says the city's financial picture is far more dire than previously known
post-gazette.com/news/politics-local/2026/09/02/oconnor-pittsburgh-budget-deficit-projection/stories/202609020077
Paid articlePaywall
Trump, Vance and Bessent try to calm the bond market with 'alternative facts'
morningstar.com/news/marketwatch/2026082455/trump-vance-and-bessent-try-to-calm-the-bond-market-with-alternative-facts
Republicans blame $4 trillion US debt milestone on ‘socialism’: Congressional Republicans have seized upon news that the US national debt reached $40 trillion to ...
asiatimes.com/2026/08/republicans-blame-4-trillion-us-debt-milestone-on-socialism/
OpinionBond markets are repricing Fed independence, not just inflation: By almost every explanation on offer for the bond selloff underway treats it as a familiar story ...
asiatimes.com/2026/09/bond-markets-are-repricing-fed-independence-not-just-inflation/
Centre spends 37% of capital expenditure target in four months: Capital spending rose 30 per cent year-on-year to Rs 4.51 trillion in April-July ...
business-standard.com/economy/news/govt-meets-37-of-fy27-capex-target-as-april-july-spending-jumps-30-126083101214_1.html
How Much the National Debt Grew Under Trump and Biden: The U.S.’s national debt surpassed $40 trillion for the first time ever this week—more than double what it ...
time.com/article/2026/08/21/national-debt-trump-biden/
Key FactsUS Debt Tops $40 Trillion for the First Time
Aug 21, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: time.com
Summary created with AI assistance · Source: time.com
- U.S. national debt exceeded $40 trillion this week for the first time, making it more than twice as high as it was a decade ago.
- After reaching $38 trillion in October and $39 trillion in March, the milestone came in less than half a year, although the Congressional Budget Office had projected it for 2028 in 2023.
- During Donald Trump’s first term, debt rose from about $19.95 trillion to roughly $27.75 trillion, while it increased from about $27.75 trillion to approximately $36 trillion under Joe Biden.
- Since Trump returned to the White House in January 2025, debt has risen by about $3.8 trillion, while experts attribute a significant share of growth since 2017 to the pandemic response and Reuters reports that about one-third occurred during roughly two pandemic years.
U.S. government debt passes $40 trillion, more than doubling in a decade
cnbc.com/2026/08/19/us-government-debt-passes-40-trillion-mark-for-the-first-time.html
Colombia Faces US3.7 Billion in Investor Claims as Its Energy Cushion Flips to Deficit
riotimesonline.com/colombia-arbitration-claims-energy-deficit-2026/
OpinionThe Bond Market’s Supply and Demand Problem: Ray Dalio warns that the U.S. bond market is signaling a serious debt issue.
time.com/article/2026/08/28/the-bond-market-s-supply-and-demand-problem/
The national debt now stands at $40 trillion: The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs ...
chicagotribune.com/2026/08/19/national-debt/
JD Vance Says $40 Trillion U.S. 'Debt Bomb' Is Biden’s Fault, And Critics Are Tired Of The Blame Game
huffpost.com/entry/jd-vance-joe-biden-debt-blame_n_6a884099e4b02b0e964797bc
Trump's tax cuts and the Iran war are adding to America's growing deficit. #HeraldPremium 🔗 US debt hits $67 trillion as America's borrowing binge continues
Mail Online Aug 26
Cristiano Ronaldo is hauled off, mid-tantrum, at half-time by no-nonsense Ange Postecoglou - before team turn a 2-0 deficit into 3-2 win without him - in new ...
dailymail.com/sport/football/article-16080643/cristiano-ronaldo-tantrum-al-nassr-comeback.html
Three things to know about the $40 trillion federal debt: The U.S. federal debt hit a record $40 trillion this week. The debt has doubled since 2017 ...
npr.org/2026/08/20/nx-s1-5939473/40-trillion-federal-debt
GOP, Democrats lament $40 trillion debt as Congress struggles to act: Lawmakers are sounding the alarm over the nation’s $40 trillion debt, lamenting Congress’s ...
thehill.com/homenews/house/6042281-lawmakers-debate-national-debt/
arabtimes Aug 20
US national debt now stands at $40 trillion: WASHINGTON, Aug 20, (AP): The national debt surpassed a record $40 trillion on Wednesday ...
arabtimesonline.com/news/us-national-debt-now-stands-at-40-trillion/
National debt reaches grim $40 trillion milestone. Here’s why that matters: The United States is digging itself into an ever-deeper debt hole.
edition.cnn.com/2026/08/19/economy/national-debt-hits-40-trillion-dollars-vis
Historic annual N.B. deficit grows by $260 million in new fiscal update: The New Brunswick government says it’s expecting to add at least $260 million to its ...
bnnbloomberg.ca/business/economics/2026/08/27/historic-annual-nb-deficit-grows-by-260-million-in-new-fiscal-update/
US debt tops $40 trillion amid concern over borrowing costs: Gross federal debt now amounts to 124% of GDP, as the 30-year Treasury yield trades at its highest ...
english.elpais.com/economy-and-business/2026-08-20/us-debt-tops-40-trillion-amid-concern-over-borrowing-costs.html
Donald Trump expertly plunges U.S. debt past $40 Trillion, then declares an ‘economic D-Day’ to crush already-struggling nemesis
wegotthiscovered.com/politics/donald-trump-expertly-plunges-u-s-debt-past-40-trillion-then-declares-an-economic-d-day-to-crush-already-struggling-nemesis/
OpinionThe $40 trillion debt is a reminder of Musk’s DOGE farce: Those that still believe DOGE saved the government money do not understand either government or math.
ms.now/opinion/national-debt-40-trillion-musk-doge
OpinionThe world could face the biggest credit crunch in history – thanks to Donald Trump
independent.co.uk/voices/editorials/trump-us-debt-credit-crunch-iran-war-borrowing-b3037171.html
How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall
fortune.com/2026/08/08/treasury-borrowing-tbac-145-trillion-shortfall-bessent-debt/
Paid articlePaywall
Deficit will be $200B more than initially anticipated: CBO projection: The fiscal year deficit for the federal government will be $200 billion more than the ...
thehill.com/business/6022755-cbo-fiscal-2026-deficit-200-billion-more/
OpinionTurmoil in Treasury bond yields sparks global worries: What to know: U.S. bond yields are rarely a burning issue with the general public. But that’s changed this ...
thehill.com/homenews/analysis/6042626-treasury-secretary-bessent-buyback/
U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender
fortune.com/2026/08/11/us-treasury-national-debt-interest-cbo-yen-unwinds/
Paid articlePaywall
OpinionTrump, Vance and Bessent try to calm the bond market with ‘alternative facts’: Maybe this stuff works on TV or on the stump. But it doesn’t work on Wall Street ...
marketwatch.com/story/trump-vance-and-bessent-try-to-calm-the-bond-market-with-alternative-facts-8e424378
Paid articlePaywallTreasury secretary claims U.S. budget deficit has peaked as debt tops $40 trillion
qz.com/bessent-budget-deficit-peaked-trump-40-trillion-082126
JD Vance Blames Biden ‘Debt Bomb’ For National Debt Crossing $40 Trillion: Vice President JD Vance blamed former President Joe Biden for the United State's $40 ...
mediaite.com/media/news/jd-vance-blames-biden-debt-bomb-for-national-debt-crossing-40-trillion
Bessent says there's a 'very good chance' U.S. budget deficit under Trump has peaked
cnbc.com/2026/08/20/bessent-budget-deficit-trump.html
National Debt Tops $40 Trillion: Where Trump’s Economic Approval Stands: The data marks a staggering new milestone in the country’s borrowing.
newsweek.com/national-debt-tops-40-trillion-where-trumps-economic-approval-stands-12345415
