Worst kind of record. If public officials in Washington were capable of feeling shame, this would be a good reason. The federal government topped $40 trillion in total debt for the first time in history, setting a record for red ink.
It’s folly to point fingers at one party or one administration for reaching this ignominious milestone. It takes a village to push the country toward default. The debt has doubled in less than 10 years under Presidents Trump, Biden and Trump with both parties in Congress as willing accomplices.
Watchdog groups called the figure a flashing warning sign, and urged a wake-up call for Washington.
“The more we borrow, the more we exacerbate inflation, squeeze out other priorities in the budget, and leave ourselves vulnerable to emergencies at home and turmoil abroad,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget.
Higher debt means paying higher interest costs. It can also mean higher interest rates for Americans, and it crowds out private investment, which is usually seen as more efficient and productive than government spending.
The publicly held debt is now nearly 100% of the nation’s annual total economic output. Only once before has the country been at this level of debt, and that was in the wake of World War II.
Once the war ended, much of the debt quickly vanished. By the mid-1950s, it was below 70%, and it would dip to the low 30s in the 1970s.
Mr. Trump tapped a White House aide, Dr. Heidi Overton, to lead the Food and Drug Administration.
She serves as the president’s deputy director of domestic policy.
“We need her leadership at the FDA now to ensure that the U.S. remains the WORLD LEADER for Scientific Discovery and CURES,” Mr. Trump said on social media.
She has worked closely with the Health and Human Services Department on several high-profile initiatives, including Health Secretary Robert F. Kennedy Jr.’s push to redesign the food pyramid and overhaul the childhood vaccine schedule, and Mr. Trump’s pricing deals with pharmaceutical companies.
Dr. Overton led health policy at the conservative think tank America First Policy Institute and earned a medical degree from the University of New Mexico.
All but abandoning negotiations with Iran, Mr. Trump said his administration is not speaking to Tehran and is turning to economic and military pressure to assert U.S. control over the Strait of Hormuz. Tehran signaled a new phase of defiance and aggression in the region, raising tensions across the Gulf region.
The Justice Department moved to restore gun rights for some people who lost them due to felony convictions.
Attorney General Todd Blanche said those who apply will need to have completed their sentences years before they can seek to get their gun rights back. Lower crimes will have a five-year waiting period, while more serious ones will be subject to at least a 10-year wait.
Restoration won’t be automatic. The Justice Department said applications will be judged on a case-by-case basis, with a focus on someone’s original run-in with the law and their subsequent behavior. More serious crimes, such as violent felonies and sex offenses, will still have a presumption against restoration.
Mr. Blanche said there needs to be a way to prevent a blanket denial of rights to millions of people.
“The Second Amendment is not a second-class right, and the federal government should not permanently deprive Americans of a constitutional right without regard to whether they pose a danger to public safety,” he said.
The U.S. Forest Service wants to rescind a Clinton-era rule that established prohibitions on road construction and timber harvesting in tens of millions of acres of roadless public lands in 36 states. The agency said the move will help states combat wildfires.
In the proposal, the agency dubbed the national 2001 Roadless Area Conservation Rule a “one-size-fits-all restriction that has frustrated land managers and served as a barrier to wildfire risk reduction work across large swaths of America’s national forests.”
The rule was implemented to protect undeveloped national forest lands from new road building and commercial logging. It aimed to preserve wild ecosystems, safeguard clean drinking water and cut down on costly road maintenance and legal battles.
Tariffs of 50% on Canadian imports are being delayed after the two countries reached a last-minute deal hours before the sanctions were to go into effect, Mr. Trump said.
The announcement buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies.