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Why some economists say the deficit increase in Trump’s bill is dangerous
Economists fear this could kick off a doom loop: the debt makes interest rates higher, which then makes the debt even bigger, making it even harder for the U.S. to sell off its debt, thus ballooning the debt even more (hence the doom loop).
Trump bill could increase debt by more than expected: New analysis
The Congressional Budget Office (CBO), for instance, found that it would add $3.4 trillion to the debt by the end of 2034. The national debt currently stands at more than $36 trillion. The Cato report,
Analysis-Trump Tax Bill Averts One Debt Crisis but Makes Future Financial Woes Worse
President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s long-term debt problems even worse.
What will Trump's tax and spending bill do to the US national debt?
US President Donald Trump's tax and spending bill has sparked intense debate. BBC Verify's policy and analysis correspondent Ben Chu has been looking at what the bill could do to the US national debt.
House passes Trump’s big budget bill
President Donald Trump’s tax-cut package cleared its final hurdle in the U.S. Congress on Thursday, as the Republican-controlled House of Representatives narrowly approved the massive bill and sent it to him to sign into law.
Did Trump get his ‘Big Beautiful Bill’ at the US dollar’s expense?
Analysts say the sweeping budget act resolves the immediate debt crisis, but the resultant deficit could accelerate global de ...
US fiscal folly could create big, beautiful debt spiral
The U.S. tax and spending bill passed on July 3 is expected to add more than $3 trillion to the country’s deficit over the ...
Malay Mail17h
Global markets brush off deficit woes as Trump budget passes, US jobs impress
Wall Street stock indices finished at fresh records yesterday following solid US jobs data as President Donald Trump’s ...
EconoTimes14h
Gold Prices Rebound Amid US Deficit Concerns and Tariff Uncertainty
Gold prices edged higher in Asian trading on Friday, rebounding from sharp losses in the previous session, as concerns over ...
Forex Factory20h
One Big Beautiful Budget Deficit
The US Congress has passed the “One Big Beautiful Bill” that is supposed to include all Trump’s promises on fiscal policy in ...
Trump's budget bill is closer to becoming law - here are the remaining sticking points
Donald Trump's massive tax and spending budget bill is returning to the US House of Representatives - as the clock ticks down ...
Cronkite News20h
House Republicans send megabill to Trump, setting aside concerns about huge Medicaid cuts and massive deficit impact
The Big Beautiful Bill will cut billions of dollars to Medicaid. There are millions of Arizonans enrolled in the program.
GOP deficit hawks list complaints on megabill ahead of vote
A memo from deficit hawks in the House Freedom Caucus and others tore into the Senate-passed version of the “big, beautiful ...
Veteran Democrat Jack Lew expresses dismay at US deficit but blames Joe Biden too
Overall, Mr Lew said, the "US economy is actually doing okay", though Mr Biden's Build Back Better Bill was not a great decision.
Mexico News Daily1d
Mexico slashes budget deficit by US $8.5B as tax collection surges 8.9%
Total tax revenue for the January-May period was 2.41 trillion pesos (US $128.36 billion), 83 billion pesos higher than ...
Tax Bill Would Add $3.3 Trillion to US Deficits, CBO Says
The Senate version of President Donald Trump’s tax and spending measure would add nearly $3.3 trillion to US deficits over a ...