US Edition
Is Trump’s ‘big beautiful bill’ good for US consumers?
- In January, President Donald Trump resumed his duties at the White House, issuing directives focused on advancing his One Big Beautiful Bill that involves tax reductions and adjustments to government spending.
- The bill would add $2.4 trillion to the federal deficit, following Moody's downgrade of the pristine U.S. Aaa credit rating amid concerns over rising debt.
- Trump's administration paused a Biden-era Consumer Financial Protection Bureau rule banning medical debt from credit reports, affecting 15 million Americans with such debt.
- Americans increased credit card debt by $45 billion in 2024 to a total of $1.21 trillion, while legislation proposed by Reps. Ocasio-Cortez and Luna would cap credit card rates at 10 percent.
- The bill’s deficit increase may raise interest and mortgage rates, worsening financial pressures for consumers and possibly prompting further credit rating downgrades.
51 Articles
51 Articles
New poll finds hardly anyone supports Republicans' 'big, beautiful bill'
A new Quinnipiac Poll shows that President Donald Trump and his 2026 budget, which he refers to as the "big, beautiful bill," are underwater with the American public. Huffington Post senior politics editor Kevin Robillard posted screen captures of the crosstabs on X, showing that just 27% of America...
New York Post
DNyuzScott Bessent warns that failure to pass Trump’s ‘big, beautiful’ bill would trigger ‘financial crisis’
Treasury Secretary Scott Bessent grimly warned that the US would be flirting with a possible financial crisis if Congress fails to pass President Trump's marquee One Big Beautiful Bill Act.
Poll: Americans Really, Really Hate Trump’s Big Beautiful Bill
A new Quinippiac poll shows that a majority of Americans are opposed to Trump’s One Big Beautiful Bill Act, confirming public aversion to a budget bill expected to add $2.4 trillion to the deficit, give a tax break to wealthy people and corporations, and slash critical Medicaid and food stamp programs. Almost half of all voters think Medicaid funding should be increased, not decreased.Only 67 percent of Republicans are in favor of the bill, a by…
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- 69% of the sources are Center
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