One Big Beautiful Bill Act to add more deficit by 2034, U.S. budget office says

NAMPA / Xinhua

2025-07-22

NEW YORK, July 21 (Xinhua) -- The One Big Beautiful Bill Act, which was signed into law on July 4, would add 3.39 trillion U.S. dollars to the U.S. deficit from 2025 to 2034, according to a report issued by the Congressional Budget Office (CBO) on Monday. The latest estimate by CBO is higher than its estimate of 3.25 trillion U.S. dollars made at the end of June, shortly before the act passed Congress. The increase in the deficit is estimat......

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