KEY TAKEAWAYS:
CBO projects Trump-backed bill adds $2.4T to deficit over 10 years
Republicans dispute CBO’s forecast, claim stronger future growth
Democrats cite CBO findings to challenge the legislation
Analysis aligns with projections from other nonpartisan budget groups
A small government office with some 275 employees has found itself caught in the political crossfire as Congress debates President Donald Trump’s “one big beautiful bill.”
The Congressional Budget Office has projected that the legislation would increase federal deficits by about $2.4 trillion over 10 years. That’s a problem for a Republican Congress that has spent much of the past four years criticizing former President Joe Biden and Democrats for the nation’s rising debt levels.
The White House and Republican l