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U.S. Senate Moves Forward on Trump Tax Cuts Amid $3.3 Trillion Debt Warning
According to BlockBeats, the U.S. Congressional Budget Office has reported that the Senate's version of the 'great, big, beautiful bill' is expected to increase the nation's debt by $3.3 trillion over the next decade. With strong backing from U.S. President Donald Trump, the bill narrowly passed the House of Representatives on May 22 and proceeded through a procedural vote in the Senate on June 28 by a slim margin. To secure Senate approval, lawmakers made amendments to the bill, which will require another vote in the House following the Senate's decision.
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