The Congressional Budget Office's director revealed that President Trump's One Big Beautiful Bill Act will raise the deficit by over $4 trillion, an increase of $700 billion compared to prior estimates. According to the new analysis, deficits will rise by $3.4 trillion from 2025 to 2034 due to the legislation. The additional costs associated with debt-service total approximately $718 billion over ten years, bringing the total deficit impact to $4.1 trillion. Republican leaders have criticized both the act and the lack of long-term fiscal responsibility from lawmakers.
President Trump's One Big Beautiful Bill Act is projected to add over $4 trillion to the deficit, which is $700 billion more than previously estimated.
The Congressional Budget Office estimates that the legislation will increase debt held by the public by 9.5 percentage points relative to the January 2025 baseline.
Republican lawmakers have criticized the bill, with Rep. Thomas Massie referring to it as a 'debt bomb ticking' and Sen. Rand Paul warning of over $5 trillion in additional debt.
CBO's report shows that the additional debt-service costs under the legislation will reach $718 billion over the 10-year period.
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