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 proposed 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 legislation. The report highlights the potential economic consequences amid ongoing global conflicts, including tensions involving Israel, Hamas, Russia, and Ukraine. The bill's passage could shape the country's financial stability and influence international relations.