The non-partisan Congressional Budget Office said Trump’s “one big, beautiful bill” -- the centerpiece of his domestic agenda -- would add a giant $2.4 trillion to the US deficit by 2034.
“We are in a very good place with the bill,“ said Russ Vought, head of the White House’s Office of Management and Budget, which did the sums for Trump’s bill.
But the package, which could define Trump's second term and make or break Republican prospects in the 2026 midterms, is getting a rough ride in the US Congress.
Tech billionaire Elon Musk, who departed as head of Trump's cost-cutting Department of Government Efficiency last week amid growing tensions, issued fresh criticism on Wednesday.
Musk had called the bill a “disgusting abomination” on Tuesday.
A group of US senators visited the White House on Wednesday as the negotiations entered a crucial stage, with Trump urging the Senate to vote on it by July 4.
Asked about Musk’s claims that it would balloon the deficit, he replied: “We believe the opposite.”
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