Trump's tax, budget bill to add 2.8 trln USD to deficit: CBO

NAMPA / Xinhua

2025-06-18

WASHINGTON, June 17 (Xinhua) -- U.S. President Donald Trump's tax and budget bill will increase the deficit by 2.8 trillion U.S. dollars over the next decade, according to a report released Tuesday by the U.S. nonpartisan Congressional Budget Office (CBO). The bill, also known as the "One Big Beautiful Bill Act," is a core agenda for the Trump administration, encompassing a range of policies including taxation, border control, and artificial i......

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