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Trump named “undisputed champion of beautiful clean coal” in White House event touting coal power



Trump’s “big, beautiful bill” will fuel $1.4 trillion widening of federal budget deficit, CBO projects

President Donald Trump’s “big, beautiful bill” and other policy changes are driving a $1.4 trillion increase in the projected federal budget deficit over the next decade, according to the nonpartisan Congressional Budget Office’s latest estimate, released Wednesday.

The cumulative deficits from 2026 to 2035 are forecast to total $23.1 trillion, up 6% from its January 2025 projection, the CBO said.

The One Big Beautiful Bill Act – Trump’s domestic agenda package that included massive cuts to both taxes and social safety net spending – increases CBO’s projection by $4.7 trillion over a decade, while his immigration crackdown will add $500 billion. But these changes are offset by higher tariffs, which are expected to reduce the deficit by about $3 trillion. The estimates account for these policies’ impact on the economy and on interest costs.

However, the forecast assumes that these policies will be in effect for the entire 10-year period. The Supreme Court is now considering whether Trump has the authority to issue emergency tariffs, and future administrations may change the levies.