Tuesday, July 08, 2025
The Congressional Budget Office warns that the One Big Beautiful Bill Act will increase the federal deficit by $3.8 trillion by 2034. // Stock photo
Republicans and Democrats have been arguing for months about the pros and cons of President Donald Trump’s One Big Beautiful Bill Act (OBBB), signed into law on July 4 after squeaking through Congress. One aspect of the legislation that no one seems to quibble about, except the White House, is its effect on the national debt.
Back in May, the Congressional