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Get the Facts: How Big Is the U.S. National Debt?

  • The Senate passed a tax cut and spending bill this week that extends 2017 Trump tax cuts and alters federal spending across programs.
  • Lawmakers had split earlier this year on a different House version, and the current bill reflects continued debates on fiscal balance and policy priorities.
  • The bill lowers taxes mostly for high earners, reduces Medicaid and food assistance, increases defense and immigration spending, and changes student loan terms and clean energy credits.
  • Independent forecasts estimate the bill would boost the national debt by at least $3 trillion over ten years, with middle-income taxpayers saving $500–$1,000 annually and top 10% earners gaining about $12,000 each.
  • This measure raises concerns over long-term fiscal deficits, with officials calling the disregard for budget discipline a failure of governance and signaling a limited growth boost.
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Get the Facts: How big is the U.S. national debt?

The Republican tax cut and spending bill has raised concerns on how it could add to the U.S. national debt. But exactly how big is the U.S. national debt?

·Louisville, United States
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  • 57% of the sources are Center
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RealClearMarkets broke the news in on Wednesday, July 2, 2025.
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