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The Latest Breaking News from the Congressional Budget Office

US National Debt Hits Historic $37 Trillion, Surpassing Pre-Pandemic Projections—'Piling Up At A Rapid Rate,' Warn Economists

The U.S. national debt has reached an all-time high of $37 trillion, as reported by the Treasury Department. This staggering figure highlights the growing debt burden on the American economy and its taxpayers.

Benzinga

Here’s How Much Every Tax Bracket Would Gain — Or Lose — Under Trump’s ‘Big, Beautiful Bill’

After many months of touting the 'Big, Beautiful Bill,' President Donald Trump finally passed it with the approval of the House and Senate. How will it affect Americans' wallets?

GOBankingRates

How 17M Americans enrolled in Medicaid and ACA plans could lose their health insurance by 2034

The big tax and spending package President Donald Trump signed into law on July 4, 2025, will cut government spending on health care by more than US$1 trillion over the next decade.

The Conversation

From analysis to the latest developments in health,
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Trump’s ‘Big Beautiful Bill’ is estimated to leave millions without health care. He insists ‘it’s not going to cause death’

About 11.8 million people are at risk of losing their health insurance, according to the Congressional Budget Office

The Independent UK

Rural hospitals will be hit hard by Trump’s signature spending package

The public health provisions in the massive spending package that President Donald Trump signed into law on July 4, 2025, will reduce Medicaid spending by more than US$1 trillion over a decade and result in an estimated 11.8 million people losing health insurance coverage.

The Conversation

Social Security Administration Sends 'Unbelievable' Email On Trump's 'Big, Beautiful Bill': Report

The Social Security Administration (SSA) has come under scrutiny for distributing an email that inaccurately describes the impact of President Donald Trump’s new tax legislation on Social Security benefits.

Benzinga

Trump Signs Sweeping Tax And Spending Bill That CBO Says Will Add $3.3 Trillion To US Deficit, Cut Health Coverage For 11.8 Million Americans

On Friday, President Donald Trump signed a sweeping tax and spending bill into law during a July 4 picnic at the White House, touting it as a historic win, even as the Congressional Budget Office projects it will significantly widen the federal deficit and leave millions uninsured.

Benzinga

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‘The ultimate betrayal’: Gavin Newsom just reminded us who really won under Trump — spoiler, it isn’t you

Gavin gets it, you get screwed.

We Got This Covered

What is in Trump's tax and spending bill that will soon become law?

The bill is set to massively widen the US’ budget deficit and leave an added 12 million Americans without health insurance.

Euronews

Employers are failing to insure the working class – Medicaid cuts would leave them even more vulnerable

The Congressional Budget Office estimates that 7.8 million Americans across the U.S. would lose their coverage through Medicaid – the public program that provides health insurance to low-income families and individuals – under the One Big Beautiful Bill Act making its way through Congress.

The Conversation

Senate megabill would explode debt and kick 11.8 million off Medicaid: ‘Our fiscal house is basically on fire’

Over a decade, the bill would add at least $3.3 trillion to the national debt, according to the Congressional Budget Office

The Independent UK

House tax-and-spending bill and other Trump administration changes could make millions of people lose their health insurance coverage

President Donald Trump has promised not to cut Medicaid many times over the past decade, including in the tax-and-spending legislative package he has made a top priority in his second administration.

The Conversation

David Stockman: Trump Is a 'Faker' on the Debt

Reagan's budget chief warns that the One Big Beautiful Bill Act could balloon the national debt to $60 trillion, risking a catastrophic bond market crisis.

Reason

Food aid cuts and other changes: What the U.S. House spending bill could mean for Texans

Many low-income families would see cuts in health care and food benefits. The state hopes for a big reimbursement for border security spending.

The Texas Tribune

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The Conversation

Work requirements are better at blocking benefits for low-income people than they are at helping those folks find jobs

Republican lawmakers have been battling over a bill that includes massive tax and spending cuts. Much of their disagreement has been over provisions intended to reduce the cost of Medicaid.

The Independent UK

To save Trump’s ‘one big, beautiful bill,’ Republicans disregard the math

ANALYSIS: Analysis: The leadership doesn’t like the debt-exploding numbers of Donald Trump’s proposal exposed by the Congressional Budget Office, Eric Garcia writes

The Independent UK

Trump’s Big Beautiful Bill edges closer to passing. Here’s what it says, and what it means for you

The bill looks to slash taxes and increase spending on oil drilling, the military, and immigration, while also making cuts to Medicaid and food assistance programs

Fortune

Will Moody's U.S. credit downgrade trigger 'flight to quality?'

It’s no secret the national debt is on an unsustainable path.

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Roll Call

Weekend do-over planned for 'big, beautiful' budget package - Roll Call

The House Budget Committee plans to try again Sunday night to advance the GOP reconciliation package after four Republican dissenters torpedoed the measure at a markup Friday.

The Independent UK

The warring tribes within the Republican party – and how their differences could sink Trump’s ‘big beautiful bill’

ANALYSIS: The GOP is all on board for Medicaid work requirements. Beyond that, there’s little unity yet, writes John Bowden

Latin Times

AOC Posts Two-Word Response as CBO Projects Millions Could Lose Medicaid Under GOP Proposals: 'Told Ya'

AOC reacted to a report by the Congressional Budget Office showing that several Republican-backed Medicaid policy options could result in millions of Americans losing health coverage.

Reason

Congress and DOGE Can Find Spending Cuts at the Department of Defense

The U.S. can defend itself at a lot less expense.

Roll Call

Graham unveils budget blueprint ahead of markup next week - Roll Call

The Senate fiscal 2025 budget resolution aims to boost border and military spending and expand domestic energy production.

Reason

Finding Trillions in Federal Cuts Is Easy. But Will Trump and Musk Follow Through?

DOGE won't necessarily have to kill any of Republicans’ sacred cows—but they will have to be put on a diet.

The Independent UK

US population projections shrink from last year because of declining birth rates, less immigration

The Congressional Budget Office has shrunk its projections for the U.S. population in 30 years to 372 million residents

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Alexandria OcasioCortez

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