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Trump's Military Spending Plan Could Add $7 Trillion Debt

4/3/2026

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Summary

Story summary

U.S. President Donald Trump proposes a historic military spending surge that could add nearly $7 trillion to the national debt, now above $39 trillion.
The Committee for a Responsible Federal Budget estimates defense discretionary spending would rise by $5.8 trillion from 2027 to 2036.
Federal Reserve Chair Jerome Powell says debt growth is unsustainable as the White House prepares to release its FY2027 budget on April 3, 2026.

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Story summary

U.S. President Donald Trump proposes a historic military spending surge that could add nearly $7 trillion to the national debt, now above $39 trillion.
The Committee for a Responsible Federal Budget estimates defense discretionary spending would rise by $5.8 trillion from 2027 to 2036.
Federal Reserve Chair Jerome Powell says debt growth is unsustainable as the White House prepares to release its FY2027 budget on April 3, 2026.