Trump's 'big beautiful' bill could add $3.4 trillion to federal deficits in the next 10 years—what it means for your wallet

cnbc.com/2025/07/15/trump-tax-cuts-will-cost-trillions-of-dollars.html

President Donald Trump's "big beautiful" tax-and-spending bill, which he signed into law on July 4, is forecast to increase federal deficits by at least $3.4 trillion over the next decade, according to the Congressional Budget Office.
That's on top of the gross federal debt, which has…

This story appeared on cnbc.com, 2025-07-15 13:00:01.
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