Key Points President Trump's "big, beautiful bill" includes major changes to federal spending and tax policies.The Congressional Budget Office estimates that the bill could increase the national debt by $3 trillion during the next decade.

Beyond the macroeconomic uncertainty, the focus has quickly shifted to the One Big Beautiful Bill Act (OBBBA), which President Trump signed on July 4. The bill introduces major tax reforms that could trigger an increase in the federal deficit by $3 to $4 trillion, according to the K33 Research report, which is released every Tuesday.

President Trump will sign the Big Beautiful Bill into law on July 4. Increased inflation from Trump’s fiscal policies may see Bitcoin soar, analysts say.