The Trump Administration's flagship legislative proposal, the 'One Big Beautiful Bill' (OBBB), promises a transformative impact on the U.S. fiscal landscape.

Multiple independent analyses say the recently passed House reconciliation bill  -- even with its deep spending cuts in some areas -- would add trillions of dollars to the federal deficit over 10 years.

House Republicans’ sweeping tax and spending cuts package would add $2.4 trillion to the deficit over the next decade, according to the Congressional Budget Office’s analysis of the bill that GOP lawmakers narrowly approved last month.