12h ago
U.S. national debt hits $38.5 trillion in January 2026 as interest costs approach $1 trillion
In early 2026, the U.S. national debt climbed to about $38.5 trillion, a level that prior projections had placed closer to 2030. Annual interest payments, which were around $345 billion in 2020, are nearing $1 trillion as borrowing grows, while initiatives such as President Donald Trump's $3.4 trillion "One Big Beautiful Bill," tariffs, and the DOGE efficiency program provide limited relief against the rising total. Despite some cost cuts and tariff revenue, debt per person remains just above $108,000, highlighting the scale of the fiscal challenge.
DOGE
DOGE+9.53%
12h ago
15h ago
Trump orders Chinese-controlled HieFo to unwind $2.92 million Emcore chip asset purchase
On January 2, 2026, the Trump administration ordered Delaware-based HieFo Corp., which is controlled by a Chinese citizen, to divest semiconductor assets it acquired from Emcore in a transaction valued at about $2.92 million. Officials concluded that allowing the company to retain the US chip technology posed national security risks, as experts say the components could have military and advanced AI applications. In parallel, China has introduced a 50% domestic equipment requirement for new chip production capacity, while the US has delayed new semiconductor tariffs on Chinese imports until June 23, 2027.
15h ago