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Congress Faces $3.8 Trillion Deficit as Debt Soars

5/25/2025

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Congress Faces Debt Crisis

In 2025, Congress grapples with a staggering federal debt projected to hit 125% of GDP by 2035. Tax cuts benefiting the wealthy, coupled with cuts to Medicaid and food assistance, are set to balloon the deficit by $3.8 trillion over the next ten years. While future leaders may tackle these pressing issues, current officials shy away from immediate action.

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Trump's Bill Approved

In a razor-thin vote of 215-214, the U.S. House approved President Trump's ambitious "One Big Beautiful Bill." While it promises tax cuts and spending cuts, critics warn it could balloon the national debt by $2.3 trillion over the next decade and impose a 5% tax on remittances, threatening the financial lifeline for countless Latin American families.

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Congress Faces Debt Crisis

In 2025, Congress grapples with a staggering federal debt projected to hit 125% of GDP by 2035. Tax cuts benefiting the wealthy, coupled with cuts to Medicaid and food assistance, are set to balloon the deficit by $3.8 trillion over the next ten years. While future leaders may tackle these pressing issues, current officials shy away from immediate action.

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