CBO: Trump's Budget Will Add $2.4T to National Debt

The Congressional Budget Office (CBO) estimates that President Donald Trump's latest bill, often called the 'big beautiful bill,' would add $2.4 trillion to the national debt over the next decade.

The Details: The CBO's estimate is slightly higher than an earlier version of the bill, projected to add $2.3 trillion in new debt. The bill, if passed, is also estimated to increase the number of people without health insurance by 10.9 million by 2034 due to spending cuts and new eligibility rules under Medicaid and the Affordable Care Act. Despite these figures, Trump and GOP leaders have insisted that the bill will not worsen the national debt, highlighting spending cuts and downplaying the tax cuts and extensions that would affect the long-term budget outlook.

For Context: The bill is currently in the hands of the Senate, where top Republicans aim to make changes and pass a revised version by July 4. The bill's proposed tax cuts and spending reductions have not been without criticism, with Elon Musk labeling the bill a "disgusting abomination."

How the Media Covered It: Newsweek (Center bias) and NBC News (Lean Left) reports primarily focused on the CBO's debt projection and the potential increase in uninsured Americans. Both outlets also highlighted criticism by Elon Musk and the contradiction between the CBO's findings and the Trump administration's assurances. On the other hand, The Washington Examiner (Lean Right) focused on GOP figures defending the bill. The outlet suggested that the CBO score did not account for the possibility of the legislation boosting economic growth, which would create new revenues. This perspective aligns with the idea presented in a Daily Caller (Right) article that the CBO often underestimates the positive effects of tax cuts.

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