Banks pushes back on Tillis’ concerns about Medicaid cuts
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Diverging Reports Breakdown
Trump Megabill Would Expand Deficits by $2.4 Trillion, CBO Estimates
The Congressional Budget Office estimates that the tax-and-spending megabill would increase budget deficits by $2.4 trillion over the next decade. The number underlines Republicans’ challenge in selling the measure as fiscally sound.
WASHINGTON—President Trump’s tax-and-spending megabill would increase budget deficits by $2.4 trillion over the next decade, compared with doing nothing, according to a Congressional Budget Office estimate released Wednesday.
The number underlines Republicans’ challenge in selling the measure as fiscally sound. The GOP-controlled House passed the legislation last month, and the CBO score was released just as Republican senators are making demands with additional price tags that will test party leaders’ ability to cobble together a version that can get to Trump’s desk quickly.
Source: https://www.politico.com/live-updates/2025/06/29/congress/medicaid-rebuttal-banks-tillis-00431489