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President Donald Trump 's "big, beautiful bill" is projected to increase the debt by $3 trillion, with interest, or $5 trillion if made permanent, according to estimates.

An estimate of the House-passed bill by the nonpartisan Congressional Budget Office (CBO) projects it would add more than $2.4 trillion to primary deficits before interest over 10 years, according to the Committee for a Responsible Federal Budget (CRFB), a nonprofit public policy organization.

As of Wednesday, the national debt , which measures what the U.S. owes its creditors, was $36.2 trillion, and the national deficit, which occurs when the federal government’s spending exceeds its revenues, was $1 trillion, according to the Treasury Department.

The

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