Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.

P resident Donald Trump’s “big, beautiful” tax-and-spending bill could come with a big, ugly cost, economists warn. Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade.

Republicans advanced a major tax cut and border security package through a House committee, overcoming internal deficit concerns with minor spending cut modifications. The bill faced opposition due to its potential deficit impact and delayed enforcement of new Medicaid work requirements,

The cost of Republican lawmakers’ draft plan for sweeping tax cutsweighed in at $3.8 trillion over the next 10 years in one official estimate, a lowball projection that independent analysts say masks the true fiscal hit.

As written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 trilli

Republicans advanced their massive tax cut and border security package out of a key House committee during a rare Sunday night vote as deficit hawks who blocked the measure two days earlier reversed course after gaining commitments on the package's spending cuts.

After that, tax cuts—including carve-outs on tipped wages ... would increase by less than 0.05 percent because the deficit impact of the bill drives a wedge between the increase in economic ...

Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some questioning the motive behind the change and others depicting it as a warning that lawmakers should heed as they wrestle with a sweeping tax and budget bill.

House Republicans are proposing hundreds of billions of dollars in spending cuts to Medicaid, a major flashpoint in negotiations that could make or break President Donald Trump’s legislative agenda.

Since U.S. President Donald Trump imposed steep tariffs on China last month, Beijing has responded in kind. On state and social media, it posted images of Mao Zedong, lambasted "imperialists," and sent a message: capitulation to bullies is dangerous, and it wouldn't back down.