Trump's spending bill has ignited a US deficit crisis! CBO predicts a $2.42 trillion increase in the fiscal deficit over the next ten years.

According to the CNBC app, the latest forecast released by the Congressional Budget Office (CBO) on Wednesday predicts that the Trump tax and spending bill passed by the House of Representatives will increase the federal budget deficit by $2.42 trillion over the next decade. This proposal reflects Trump's key economic agenda in his reelection campaign, covering large-scale tax cuts and federal spending adjustments. However, the possible fiscal consequences it may bring are raising concerns among fiscal hawks within the Republican Party.