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Trump's OBBB Projected to Boost Deficits by $4.1 Trillion

2/21/2026

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Summary

Story summary

The Congressional Budget Office projects that the Trump 2025 Reconciliation Act, known as the One Big Beautiful Bill (OBBB), will significantly increase federal deficits.
The OBBB is expected to raise deficits by $4.1 trillion through 2035, pushing the national debt to $53.1 trillion (116% of GDP).
The economy slows because of aging and immigration policies.
By 2036, interest costs become the largest spending category after Social Security.

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Story summary

The Congressional Budget Office projects that the Trump 2025 Reconciliation Act, known as the One Big Beautiful Bill (OBBB), will significantly increase federal deficits.
The OBBB is expected to raise deficits by $4.1 trillion through 2035, pushing the national debt to $53.1 trillion (116% of GDP).
The economy slows because of aging and immigration policies.
By 2036, interest costs become the largest spending category after Social Security.