If borrowing costs remain high, future lawmakers could be left in a tough spot.
Congressional Budget Office digs further into ‘Big, Beautiful Bill’ and now says it will raise deficit by $2.8 trillion, $441 billion more than before
BY FATIMA HUSSEIN, LISA MASCARO AND OTHERS
June 18, 2025
Trump will get ‘punched in the face’ by markets if his spending bill passes without a plan for national debt and tariffs, says Wharton professor
May 27, 2025
The baseline scenario shows cumulative deficits reaching $22.7 trillion by 2035, and that’s if everything goes according to plan.
The national debt is set to surpass the historical high of 106% of GDP that it reached in 1946 by 2030, according to the CBO.
In exclusive interviews with Fortune, Wharton’s Professor Joao Gomes and AEI’s Desmond Lachman warned that while tariffs may slow…
In just two months, Trump added another $1.5 trillion of deficit reduction in the form of new tariffs, CBO said. Still, the One…
It's the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.
Trump and Republicans’ bill would add $3 trillion to the national debt over 10 years, according to the nonpartisan Congressional…
