Trump’s Big Beautiful Bill to Increase Deficit by $3.4 Trillion, CBO Projects
President Donald Trump presents the One Big Beautiful Bill Act, after he signed it, at the White House on July 4, 2025. Leah Millis/Reuters The One Big Beautiful Bill Act will increase the U.S. deficit by $3.4 trillion over the next 10 years, the Congressional Budget Office said today, revising its previous calculations based on