National Debt Ends June at Record $39.46 Trillion, $40 Trillion Now in Sight
The national debt closed June at a record $39.46 trillion after a $117 billion one-day jump, putting the $40 trillion mark within reach as soon as this fall.
Laura Adams
Laura Adams is a personal finance expert, spokesperson, and national media source who helps consumers improve their finances by making money easy to understand.
She’s the host of the top-rated MoneyGirl Podcast and award-winning author of multiple books, including Money Girl’s Smart Moves to Grow Rich. Connect with Laura at LauraDAdams.com and on Twitter @LauraAdams.
Warsh Makes Sintra Debut as Fed Chair, Holding Firm at 3.75% on Inflation
Fed Chair Kevin Warsh made his first major international appearance at the ECB's Sintra forum, keeping the U.S. prime rate at 6.75% with a hawkish inflation message.
Fed’s Preferred Inflation Gauge Hits 4.1% in May, Core Climbs to 3.4%
The Fed's preferred inflation gauge rose in May, with headline PCE at 4.1% and core at 3.4%, the highest in years, reinforcing a hawkish hold and a steady 6.75% prime rate.
What a Yield Curve Inversion Signals About Recession, and Where 2026 Stands
The U.S. yield curve turned positive again in June 2026 after the long 2022 to 2024 inversion. Here is what an inversion signals and where the curve stands now.
Who Holds the U.S. National Debt? Japan, the Fed, and the 2026 Map
Who holds the $39 trillion U.S. national debt in 2026? Foreign investors own $9.35T led by Japan, the Fed holds about $4.4T, and federal trust funds hold $7.64T.
May Payrolls Add 172,000, Cementing a June Fed Hold and 6.75% Prime
U.S. employers added 172,000 jobs in May 2026 and unemployment held at 4.3 percent, reinforcing a June Federal Reserve hold and keeping the prime rate at 6.75 percent.
10-Year Treasury Yield Climbs Toward 4.5% as Oil Shock Revives Fed Hike Bets
The 10-year Treasury yield climbed toward 4.5% as an oil spike pushed markets to price an 85% chance of a 2026 Fed rate hike, even as the prime rate held at 6.75%.
Fed’s Bowman Defends Rate-Cut Path, Urges Looking Past Oil-Driven Inflation
Fed Vice Chair Michelle Bowman defended keeping rate cuts on the table in a May 29 speech, urging the Committee to look past oil-driven inflation before the June 16-17 FOMC.
April PCE Inflation Climbs to 3.8% as Core Stays at 3.3%, Pointing to June Hold
April PCE inflation rose to 3.8% year over year as core held at 3.3%, cementing a June Fed hold and keeping the prime rate at 6.75%. Here is what it means for your money.
Will the Fed Cut Rates in June 2026? Reading the April Statement for Clues
Markets currently price approximately a 36% probability of a 25 basis point Federal Reserve rate cut at the June 16–17, 2026 FOMC meeting, according to CME FedWatch — which means the base case is that rates stay unchanged at 3.50%–3.75%…