However, multiple independent analyses project that if implemented, the bill would increase deficits by $3 to $4 trillion over the next decade.

A new tax proposal by House Republicans, backed by former President Trump, aims to extend tax cuts and adjust spending, sparking debate over its impact on U.S. federal finances. Contrary to reducing the fiscal deficit,

President Trump yesterday declared himself the biggest "fiscal hawk" in Washington. He then spent the next hour urging Republicans to unite behind the most budget-busting legislation in modern U.S. history.

President Trump’s ‘big beautiful spending’ bill is giving investors pause as bond yields move higher over debt and deficit concerns. The 10-year Treasury yield topped 4.5% creating headwinds for U.S.

A new Republican-backed bill, extending 2017 tax cuts, sparks debate over its potential impact on the federal deficit. While the Trump administration claims it won't increase the deficit, experts express skepticism.

P resident Donald Trump’s “big, beautiful” tax-and-spending bill could come with a big, ugly cost, economists warn. Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade.