Controversial One Big Beautiful Bill Ignites Fiscal Outrage and Debate

HEAVILY 20% 80%   Monday, June 2, 2025, 6:21 am

The flagship tax-and-spending proposal backed by President Trump has come under fire after revelations of a contentious paragraph that could hike deficits by $2.3 trillion over a decade. Critics and fiscal watchdogs are questioning the bill’s hidden costs as GOP allies launch a high-stakes lobbying effort to shore up support.

Bluesky: @deannafry.tv, @clydepowell.bsky.social, @cbsnews.com.web.brid.gy, @foxnews.com.web.brid.gy

foxnews.com / Schumer, Democrats plot coordinated resistance to Trump's 'one ugly bill'

Senate Minority Leader Chuck Schumer wants Democrats to unite to inflict pain on Senate Republicans as they work to ram President Trump’s wish list of policy desires through the Senate.

foxbusiness.com / House reconciliation bill would increase budget deficits by $2.3 trillion over a decade: CBO

The One Big Beautiful Bill Act, backed by President Trump and Republicans, would add $2.3 trillion to budget deficits, according to a CBO estimate.

nypost.com / Sen. John Thune reveals GOP plans for Trump’s ‘Big Beautiful Bill’ that narrowly passed House

Senate Majority Leader John Thune teased that Republicans in the upper chamber are looking to make key tax cuts in the One Big Beautiful Bill Act permanent and find additional savings.

cnbc.com / 'Fantasy math' masks tax bill's U.S. debt impact, GOP lawmaker said. What the deficit means for your money

The "One Big Beautiful Bill Act" would raise U.S. debt by more than $3 trillion over a decade, research finds, likely impacting consumer loans and bond prices.

cnbc.com / Trump's 'big, beautiful bill' could mean 4 major changes for student loan borrowers

The Senate will consider President Trump's spending overhaul in the coming weeks.

go.com / Will Trump’s ‘big, beautiful bill’ survive the Senate?

Some GOP fiscal hawks say they won’t support a bill that increases the deficit.

cbsnews.com / How Senate Republicans could change House-passed Trump budget bill

Senate Republicans will begin rewriting the House budget bill, which contains President Trump's economic agenda, this week. Former GOP Rep. Kevin Brady of Texas joins "The Takeout" to describe what it was like when that happened to him in 2017.

cbsnews.com / Budget bill would increase inequality, Nobel-winning economists say

Six Nobel laureate economists say GOP-backed "big beautiful bill" will hurt millions of Americans and weaken the U.S. economy.

cbsnews.com / What to expect on the Republican budget bill as senators return to Capitol Hill

The Senate returned to Capitol Hill on Monday to debate the Republican budget package that some upper-chamber lawmakers are already critiquing. CBS News congressional correspondent Caitlin Huey-Burns has the latest.

cbsnews.com / 5/29: CBS Mornings Plus

President Trump is standing by his new budget plan following public criticism from Elon Musk, who announced his departure from the administration. Also, Kim Ng discusses the new women’s pro softball league backed by the MLB.

cbsnews.com / What key GOP senators want to change in Trump's House-passed "one big beautiful bill"

The bill containing Trump's tax cuts and border and defense spending is expected to face some hurdles in the Senate.

cbsnews.com / GOP-friendly group putting millions into boosting support for Trump tax agenda

The House passed President Trump's "one, big, beautiful bill," which includes continuing the 2017 tax cuts, but several GOP senators have voiced concerns.

bloomberg.com / Senate Begins Putting Its Stamp on Giant Trump Tax, Debt Limit Bill - Bloomberg.com

Senate Begins Putting Its Stamp on Giant Trump Tax, Debt Limit Bill  Bloomberg.com

alternet.org / 'Lot of concern': GOP senator says voters in her deep-red state worried about Trump's bill

President Donald Trump may have more trouble than expected getting his so-called "big, beautiful bill" through the U.S. Senate despite having a Republican majority to work with.On Monday, CNN correspondent Manu Raju tweeted that Sen. Shelley Moore Capito (R-W.Va.) said that the recent congressional…

alternet.org / Outrage grows over a single paragraph buried deep in Republicans' 'Big Beautiful Bill'

A single paragraph buried deep in a spending bill that passed the GOP-controlled House of Representatives earlier this month is causing growing concern among democracy watchdogs who warn the provision will make it so only the well-to-do would be in a good position to launch legal challenges against…


permalink / 15 stories from sources in 41 hours ago #fiscal-policy #politics #congress




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