US EditionBudget Orgs Agree 'Big, Beautiful Bill' Will Add over $15T to National Debt
- On June 4, Fox News host Sean Hannity incorrectly stated that the Congressional Budget Office had forecasted the proposed legislation would cut the deficit by $2.5 trillion over the next decade.
- This claim contradicted AP and CBO reports showing the bill would add $2.4 trillion to deficits and increase the uninsured population by about 10.9 million.
- Independent groups forecast the national debt will exceed $50 trillion by 2034 if the bill becomes law, despite White House claims of stronger economic growth offsetting costs.
- Citadel CEO Ken Griffin called the bill “just fiscally irresponsible,” while BlackRock CEO Larry Fink warned of economic risks unless growth rises to 3% annually.
- The bill’s projected deficit increase has drawn criticism from fiscal watchdogs and some Republicans, suggesting it could worsen the country’s long-term fiscal challenges.
44 Articles
44 Articles
Trump’s ‘Big, Beautiful Bill’ Stirs Debate on Deficit Impact—Here’s What to Know
The fiscal effects of the One Big Beautiful Bill Act are under scrutiny as lawmakers attempt to get the tax-and-spending package on President Donald Trump’s desk for his signature before July 4. Critics have said the House Republicans’ legislation would worsen the federal government’s fiscal health. The White House has rebutted these claims, noting that the reconciliation package is not a budget bill or a blueprint for balancing the budget. Inst…
Daily Journal
Budget orgs agree 'big, beautiful bill' will add over $15T to national debt
(The Center Square) – Despite the White House’s assertions that the One Big Beautiful Bill Act will not add to the federal debt or deficit, four independent budget watchdogs agree that debt growth will accelerate and reach over $50 trillion…
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