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National Debt

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CBO Outlook Shows Bigger Deficits, Debt Reaching 120% of GDP by 2036

CBO blames the deterioration chiefly on the 2025 tax law, with tariff revenue only a partial offset.

One Big Beautiful Bill Act to Add $3.3 Trillion to Debt as Interest Costs Surpass Defense Spending

Senate Weighs Revisions to Trump’s ‘One Big Beautiful Bill’ After House Backers Seek Energy Credit Fix