Back to today’s briefing

Story perspectives

One Big Beautiful Bill's Cost Drops to $2.4 Trillion

6/10/2025

36 8

Summary

Story summary

The Congressional Budget Office reveals that the "One Big Beautiful Bill" is now projected to cost $2.4 trillion over the next decade, a significant drop from $3.8 trillion. While tariffs could potentially cut the deficit by $2.8 trillion, rising interest costs may counteract these gains. Additionally, Section 899 threatens to discourage foreign investment by taxing nations with unfair tax practices.

1 of 1

Story summary

The Congressional Budget Office reveals that the "One Big Beautiful Bill" is now projected to cost $2.4 trillion over the next decade, a significant drop from $3.8 trillion. While tariffs could potentially cut the deficit by $2.8 trillion, rising interest costs may counteract these gains. Additionally, Section 899 threatens to discourage foreign investment by taxing nations with unfair tax practices.