Trump's "big and beautiful" plan will increase the deficit by $3.4 trillion over the next ten years, S&P warns of rising risk of U.S. debt level.

According to the Wise Finance APP, the "Big and Beautiful" law signed by U.S. President Trump recently has officially become a law after passing through Congress, but this large-scale tax and fiscal plan is causing widespread controversy. According to the latest report released by the Congressional Budget Office (CBO) on Monday, the law will increase the U.S. federal budget deficit by $3.4 trillion over the next decade and result in 10 million people losing healthcare before 2034.