Congressional Budget Office: Senate version of "big and beautiful" bill will add $3.3 trillion to debt
Online reports, according to CCTV News, on June 29 local time, the U.S. Congressional Budget Office stated that the Senate version of the "big and beautiful" large-scale tax and spending bill would increase U.S. debt by US$3.3 trillion in the next decade. With Trump's strong support, the "Big and Beautiful" bill narrowly passed the House of Representatives by one vote on May 22, and passed the Senate procedural vote with a narrow margin on June 28, stumbling all the way. Moreover, in order to pass the bill in the Senate, members revised the terms, and the changes would have to be returned to the House for another round after the Senate vote.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.