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, including issues in the Middle East, Russia-Ukraine, and China. The bill's passage could shape the country's financial future while influencing international relations and domestic policy debates.