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flag House passes controversial "One Big Beautiful Bill Act," facing criticism over potential to deepen U.S. debt.

flag The "One Big Beautiful Bill Act" passed narrowly in the House, combining tax and spending cuts with provisions on border security and welfare reform. flag Critics, including Elon Musk, argue it could deepen the U.S. debt problem, raising budget deficits by $2.4 trillion over a decade. flag The Congressional Budget Office warns that the bill could lead to 11 million more uninsured people in 2034. flag Despite proponents claiming it will boost growth and reduce the deficit, concerns remain about the growing national debt, which has surpassed $36 trillion, with Moody's downgrading the U.S.’s credit rating due to rising debt and interest payments.

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