Back to today’s briefing

Story perspectives

Nobel Economists Warn: Trump's Budget Threatens Low-Income Americans

6/4/2025

29 2

Summary

Story summary

Six Nobel Prize-winning economists have raised alarms over President Trump's House budget bill, predicting dire consequences for low-income Americans. With proposed cuts to Medicaid and SNAP, they warn the bill could add over $3 trillion to the national debt, deepening economic inequality and jeopardizing vital safety-net programs. The Senate's stance on this critical issue remains unclear.

1 of 1

Story summary

Six Nobel Prize-winning economists have raised alarms over President Trump's House budget bill, predicting dire consequences for low-income Americans. With proposed cuts to Medicaid and SNAP, they warn the bill could add over $3 trillion to the national debt, deepening economic inequality and jeopardizing vital safety-net programs. The Senate's stance on this critical issue remains unclear.