A new economic analysis warns that the “One Big Beautiful Bill Act,” signed into law on July 4, 2025, could add between $3.7 trillion and $5.1 trillion to federal deficits over the next decade and leave most American households worse off in the long run.
Debt Risks Build Over Time
The study, published on Monday by the Brookings Institution, finds the impact grows sharply over time. By 2054, U.S. debt could rise by 28 percentage points relative to GDP or 45 points if temporary provisions are extended.
Higher debt levels could push interest rates up, increasing borrowing costs across the economy. The same fiscal resources could have fully addressed Social Security’s long-term funding gap, which is projected to hit a shortfall within the next decade, according to Brookings.
Short-Term Boost, Long-Term Drag
In the near term, …Full story available on Benzinga.com
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