Deficits from 'big beautiful bill' to rise nearly $2.8T under new dynamic estimate: CBO

The nonpartisan Congressional Budget Office (CBO) released a new dynamic analysis that found Republicans' "big beautiful bill" would raise budget deficits by over $300 billion more than in its previous analysis, which estimated it would widen deficits by $2.4 trillion over a decade.

The CBO found that the House-passed version of the legislation would raise federal budget deficits by a total of $2.77 trillion over the next decade using a dynamic analysis that takes into account the impact of policies on the economy.