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The Congressional Budget Office said the bill would add nearly $3.3 trillion onto the nation’s debt load from 2025 to 2034, a nearly $1 trillion increase over the House-passed version of the bill.
Republicans in Congress passed President Donald Trump's One Big Beautiful Bill Act, which extends a variety of tax cuts for Americans and businesses while creating new provisions.
Some of the provisions in Republicans’ domestic policy package are effective immediately, while others don’t kick in for several years – notably, after the 2026 midterm elections.
Ultimately, the precise impact of the “big, beautiful bill” will only be revealed in full next November. But right now, it does not augur well for Republicans. If millions of Americans fall ...
Speaker Mike Johnson touts "big, beautiful bill" as "jet fuel" for the economy, rejecting Democrats' claims that the package will lead to the GOP losing the majority in 2026.
Every Democrat in the chamber voted against it. The U.S. Senate was the first to pass the spending bill. The vote in this chamber was 50-50, with Vice President JD Vance casting the tie-breaking vote.
The One Big Beautiful Bill Act extends Trump's 2017 tax cuts and introduces new deductions for middle-class Americans, including relief for tipped workers, overtime pay and retirees.
Ahead of its final passage, the “big, beautiful bill” was already the subject of an intense lobbying campaign, with more than $35 million spent on advertisements in June in an attempt to sway ...
The bill also impacts how much parents can borrow to help their children pay for tuition. Here's a breakdown on what borrowing federal student loans will look like if the bill is signed into law.
Tucked into the budget reconciliation bill is a Texas-sized golden nugget: $13.5 billion that could pay back what the state spent on border security during the Biden administration.
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