The One Big Beautiful Bill Act, passed by the House and now in the hands of the Senate, could add $2 trillion to the deficit, sparking debate among Republicans and criticism from Elon Musk.

Trump and Republicans’ bill would add $3 trillion to the national debt over 10 years, according to the nonpartisan Congressional Budget Office.

The Trump administration has accused the CBO of being a partisan, left-wing institution with a track record of incorrect economic forecasts.

When interest payments reached a similar share of federal revenue back in the early 1990s, it helped break up the Reagan coalition and propel the rise of Ross Perot. If over the next few years the national debt becomes an existential issue for voters, all bets are off.

The White House’s One Big Beautiful Bill would cost trillions, and other administration moves wouldn’t fill the budget gap.

While many Americans may not think about how the federal deficit affects their lives, America's excessive borrowing can drive up interest rates.

Elon Musk and cohort of Senate Republicans find common ground in their disdain for the House GOP's version of President Donald Trump's "one big, beautiful bill."

The estimate from the nonpartisan Congressional Budget Office is all but certain to inflame an already intense debate inside the G.O.P. about the fiscal consequences of its bill to enact President Trump’s agenda.

Ken Fisher of Fisher Investments on the market reaction to President Donald Trump's phone call with China's Xi Jinping, concerns over the national debt and whether the 'big, beautiful bill' will pass.