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Trump's OBBBA: $3.3 Trillion Debt Surge, Student Aid Cuts

8/1/2025

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Summary

Story summary

The One Big Beautiful Bill Act (OBBBA), recently signed by President Trump, is set to swell the national debt by a staggering $3.3 trillion over the next decade. This legislation slashes funding for the Consumer Financial Protection Bureau, jeopardizing vital consumer protections, while imposing new student loan limits that will complicate repayment for 42 million borrowers and restrict financial aid for students.

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Story summary

The One Big Beautiful Bill Act (OBBBA), recently signed by President Trump, is set to swell the national debt by a staggering $3.3 trillion over the next decade. This legislation slashes funding for the Consumer Financial Protection Bureau, jeopardizing vital consumer protections, while imposing new student loan limits that will complicate repayment for 42 million borrowers and restrict financial aid for students.