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flag CBO report: Trump's "One Big Beautiful Bill" could leave 11 million without insurance and increase debt by $2.4 trillion.

flag The Congressional Budget Office (CBO) has reported that President Trump's "One Big Beautiful Bill," a tax and spending proposal, could strip health insurance from nearly 11 million Americans and add $2.4 trillion to the national debt over the next decade. flag The bill aims to extend Trump-era tax cuts totaling $3.75 trillion. flag Despite support from the White House, which argues the bill will reduce deficits, critics like Elon Musk have called it a “disgusting abomination.” The Senate faces challenges in gaining enough Republican support amid concerns about the bill’s impact on state and local tax deductions and Medicaid cuts.

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