The president's budget proposal sits with the Senate, but whether it'll listen to the CBO's findings remains to be seen.

President Donald Trump's One Big Beautiful Bill will add $2.4 trillion to the U.S. federal debt pile, according to the Congressional Budget Office (CBO).This figure is the CBO's estimated net effect of the House bill on the deficit for 2025 to 2034,

President Donald Trump highlighted on Thursday that even by Congressional Budget Office calculations, the cost of the "Big Beautiful Bill" is offset by the revenue being generated by tariffs over the next 10 years.