President Donald Trump’s "big beautiful bill" will add $3.4 trillion to the U.S. national debt over the next decade, according to the nonpartisan Congressional Budget Office.

The “big, beautiful bill” that President Trump signed into law earlier this month will add nearly $3.4 trillion to the nation’s deficits over roughly the next decade, the Congressional Budget Office (CBO) estimated in a report on Monday.

According to analysis from the Congressional Budget Office, more than 10 million people could lose their health care over the next decade as a result of President Trump's tax and spending legislation.