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US Congressional Budget Office's warning: Trump's big bill could raise national debt by $2.4 trillion; 10.9 million to lose health insurance

IndiaTimes Wednesday, 4 June 2025
The CBO projects a $2.4 trillion increase in the national debt over the next decade due to Republican tax cuts and program cuts, raising concerns about government borrowing. Senate modifications are expected, with some advocating for Medicaid funding and environmental tax benefits. The legislation, criticized by economists, could leave millions without health insurance while reducing federal expenditure by $1.3 trillion.
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