Republican 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 (2025-06-30)
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 news comes amid ongoing global conflicts, including the Israel-Hamas war and the Russia-Ukraine war, highlighting the complex and volatile international landscape. The report underscores the potential economic consequences of the tax policy amidst these geopolitical tensions.