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Trump's OBBB Slashes Social Programs, Increases Deficit

7/17/2025

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Summary

Story summary

On July 4, President Trump enacted the One Big Beautiful Bill (OBBB), a controversial move that slashes social programs and balloons the federal deficit by $3.3 trillion. This legislation jeopardizes healthcare access for millions, boosts law enforcement funding, and takes aim at China, threatening the U.S. green sector by phasing out clean energy tax credits.

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Story summary

On July 4, President Trump enacted the One Big Beautiful Bill (OBBB), a controversial move that slashes social programs and balloons the federal deficit by $3.3 trillion. This legislation jeopardizes healthcare access for millions, boosts law enforcement funding, and takes aim at China, threatening the U.S. green sector by phasing out clean energy tax credits.