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President Trump just missed a key deadline to share his spending plans—fears are mounting about what that means for $38.5 trillion national debt

Summary by Fortune
"We won’t be able to fix the debt without touching Social Security, Medicare, defense, or revenue—the math just doesn’t work. And we can’t count on heroic growth rates or crashing interest rates," Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB) said.

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Fortune broke the news in New York, United States on Tuesday, February 3, 2026.
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