The non-partisan Congressional Budget Office (CBO) predicted on Tuesday that despite increased economic output, President Trump's sweeping tax cuts and spending bill would add $2.8 trillion to the deficit over 10 years. Senate Republicans are considering a revised version of the bill, and budget watchdogs have released a dynamic analysis of the version passed by the House in May. The CBO said the bill's tax provisions would increase real GDP by an average of 0.5% over the next 10 years, reducing the U.S. deficit by $85 billion. But the agency said the bill would also cause interest rates to rise, adding $441 billion to interest payments on federal debt. Two weeks ago, the CBO predicted that Trump's "Big Beauty Act" would add another $2.4 trillion to the federal government's $36.2 trillion debt over 10 years, but did not consider the potential economic impact. If interest expenses on new debt are included, the cost will rise to $3 trillion.