CBO says Trump’s “One Big Beautiful Bill” could inflate deficit by $2.4 Trillion
According to a new report from the Congressional Budget Office (CBO), the major legislative package backed by President Trump known as the “One Big Beautiful Bill Act” could increase the federal deficit by $2.4 trillion over the
U.S. tariffs go into effect; doubling to 50% on steel, aluminum
The United States doubled its tariffs on steel and aluminum to 50% on Wednesday, as part of President Trump’s broader trade policy. The new rates took effect at midnight Eastern time in a move that cast a