Story perspectives

Senate Debates 'Big Beautiful Bill': Millions at Risk

6/19/2025

50 9

Summary

Story summary

The "Big Beautiful Bill" is under Senate debate, proposing cuts to Medicare and Medicaid while eliminating clean-energy tax credits.
Analysts estimate that 8.6 million Americans could lose Medicaid coverage, potentially increasing the national debt by $2.6 trillion by 2034.
The U.S. Treasury has exceeded its $36.1 trillion debt ceiling, raising concerns about fiscal credibility and credit ratings.
Global confidence in U.S. Treasury bonds is waning, as foreign governments decrease their holdings in favor of non-dollar assets.

1 of 1

Story summary

The "Big Beautiful Bill" is under Senate debate, proposing cuts to Medicare and Medicaid while eliminating clean-energy tax credits.
Analysts estimate that 8.6 million Americans could lose Medicaid coverage, potentially increasing the national debt by $2.6 trillion by 2034.
The U.S. Treasury has exceeded its $36.1 trillion debt ceiling, raising concerns about fiscal credibility and credit ratings.
Global confidence in U.S. Treasury bonds is waning, as foreign governments decrease their holdings in favor of non-dollar assets.