The Congressional Budget Office: "Build Back Better" bill may increase the U.S. deficit by $3.4 trillion over the next decade.

The latest assessment released by the Congressional Budget Office on the 21st shows that the "big and beautiful" tax and spending bill promoted by President Trump is expected to increase the US fiscal deficit by about $3.4 trillion over the next decade, leading to approximately 10 million Americans losing health insurance. Observers believe that the increase in the fiscal deficit will raise the already high level of the US government's debt, triggering concerns in the market about the sustainability of US debt. Currently, the federal debt in the United States has reached $36.6 trillion, approximately 1.26 times the nominal Gross Domestic Product of the United States in 2024.