
- Legislation passed by Republicans in the House and now being considered in the Senate would increase the U.S. debt by more than $3 trillion after interest and economic effects, according to estimates.
- The “One Big Beautiful Bill Act” is a “debt bomb ticking,” one GOP lawmaker said.
- The debt can have a big impact on household finances, by raising the cost of borrowing and reducing the value of investors’ bond holdings, according to economists.