Political Wire

GOP Megabill Would Add $3.3 Trillion to Debt

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The CBO estimates that the Republican reconciliation bill that the Senate is considering will increase the deficit by nearly $3.3 trillion between 2025 to 2034, Bloomberg reports.

Punchbowl News says Senate Republicans and the White House reject the CBO estimate as inaccurate. The White House estimates it will cut the deficit by $4.9 trillion over the next decade.

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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