Senate Tax Bill Could Increase US Debt by $3.3 Trillion
Source: Republican Senate tax bill would add $3.3 trillion to the US debt load, CBO says (2025-06-29)
The Congressional Budget Office (CBO) reports that the Republican Senate tax bill would add approximately $3.3 trillion to the US national debt. This significant increase raises concerns about the long-term fiscal impact of the proposed legislation. The report highlights the potential economic consequences amid ongoing global conflicts and regional tensions. The bill's passage could shape future government spending and debt management strategies, sparking debate among policymakers and the public.