Requirement:
HR 1, Budget Omnib’s bill, US President Donald Trump called “the Law on one large bill of exchange”, adding trillions to national debt.
Rating:
Rating: True
US Congress Voting and considerations on the draft annual budget law in 2025 In June and July, which President Donald Trump considered “one big beautiful bill”, as usual, there was a bit of a conversation about how the proposed changes would affect national debt.
First of all, reports in social media said, saying that the draft law would add “$ 3.9 trillion to national debt.”
Theoretically, the claim number is from reports of non -partisan Congress Budget Bureau. The Federal Law requires that this body to provide assessments of the main legislation will affect the federal budget, including the Budget Act – HR 1.
However, the numbers of those reports are changing when legislators have been working and changing the account. For example, June 18 The CBO report on the HR version of HR, which has been passed by the House of Representatives, has been found to increase the federal debt of about $ 2.8 trillion over the next 10 years. Meanwhile, June 29th. The CBO has published a version of the Senate bill, which provides that federal debt will increase the federal debt by approximately 3.3 trillion in the next 10 years.
In this case, it seemed that the $ 3.9 trillion value was not from the CBO, but from the responsible budget committee, a non -profit group that advocates the reduction of government spending and reducing national debt.
Although the number of social media reports was not based on the CBO reports, the claim that the CBO found that Trump’s budget law would increase trillion dollars to national debt over the next 10 years.
The excess of the budget of the Federal Government is calculated by subtracting the amount of money spent by the government in a certain year from the amount of money it collected. When the government issues more than it earns, the budget has a deficit, as has been done since 2001.
Debt is a total of annual deficiency. According to the Treasury Department’s website, this writing is a national debt of $ 36.21 trillion. (Government must also pay interest for debt.)
1 July The Senate adopted a draft law-rellaboent Sensa Susan Collins of Maine, Rand Paulo from Kentucky and Thomas Tillis from North Carolina joined all Democrats to vote not, but Vice President JD Vance interrupted a 50-50 tie.
The draft law returned to the House of Representatives to coordinate two versions. The palace received it over 218-214 votes (two Republicans joined all Democrats to vote against him) on July 3. Trump said he would sign a bill on July 4th.
Sources:
The CBO score indicates that the Senate Obbba increases by more than 3.9 trillion USD to the debt-2025-06-28. 2025 June 28, https://www.crfb.org/blogs/cbo-core-corws-obbba-obbba-over-39-trillion-debt.
The expected effect of budget amendment to HR 1 substitute nature, one of the Law on a Great Law Law, compared to the basis of budget execution, is under consideration of the Senate under consideration | Congress Budget Service. 2025 June 28, https://www.cbo.gov/publication/61533.
Fiscal data explains national debt. https://fiscalde.treasury.gov/americas-finence-guide/national-debt/. Accepted 2025. On July 3
Fiscal data explains the national deficit. https://fiscaldata.treasury.gov/americas-finence-guide/national-meficit/. Accepted 2025. On July 3
Green, Justin. Senate’s big, beautiful account “would add 3.3 trillion dollars new debts: CBO”. Axios, 2025 June 29, https://www.axios.com/2025/06/29/senate-big-leautiful-ficits-debt.
Total domestic product. 2025 June 26, https://fred.stlouisfed.org/series/gdp.
HR 1, one large beautiful account act (dynamic rating) Congress Budget Service. 2025 June 17, https://www.cbo.gov/publication/61486.
Isoz, Jack. “Messages on the Internet correctly broke Trump’s Tariff Formula.” Snopes, 2025 April 4, https://www.snopes.com//news/2025/04/03/Trump-triff-formula/.
Sangal, Deva Lee, Leinz Vales, Maureen Chowdhury, Shania Shelton, Aditi. “Direct updates: Congress transmits Trump’s” big, beautiful account “| CNN politics. “CNN, July 3, 2025, https://www.cn.com/politics/live-news/trump-big-leautiful-bill-house-vote-vote-07-03-25.
“The Senate Republicans promote Trump’s taxes and reduce the cost of the bill after a dramatic late evening vote.” Ap News, 2025 June 28, https://apnews.com/article/Tax-tax-breaks-merding-cuts-deadline-8C72D6DB7C9725D56DB8294012809E.
Stein, Chris and Rachel Leingang. “The Senate Republicans adopt Trump’s broad policy law by cleaning up a big obstacle.” The Guardian, 2025 1 July
Swift, Rocky et al. “Trump’s” big, beautiful “bill to further ruin the treasury”. Reuters, 2025 June 30 Www.reuters.com, https://www.reuters.com/world/europe/Trumps-big-leautiful-set-further-tarnish-gusries-slustre-oi-roteas-2025-06-30/.
“One big beautiful Bill reduces deficit, national debt and facilitates economic growth.” White House, 2025 June 30, https://www.whitehouse.gov/articles/2025/06/the- One-big-leutiful-slashes-dficitits- National-debt-me-uninleashing-conomic-growth/.
US Senate: US Senate Roll Voting 119th Congress -1st Session. https://www.senate.gov/legislactive/lis/roll_Call_votes/vote1191/vote_119_1_00372.htm#position. Accepted 2025. On July 3