Weekly Review, by Harper’s Magazine

Weekly Review, by Harper’s Magazine

After twenty-seven hours, the U.S. Senate passed the legislation formerly named the One Big Beautiful Bill Act, the title of which was changed after a New York senator argued that it violated the “Byrd Rule,”a provision concerning “the inclusion of extraneous matter” in reconciliation bills.1 2 “It is now called ‘the act,’” said the senator, “but it is really the ‘big ugly betrayal.’”3 “You people are awful!” a heckler shouted as senators debate…

One Big Beautiful Bill Act Likely Adds $3T+ to Federal Deficit - DBusiness Magazine

The Congressional Budget Office warns that the One Big Beautiful Bill Act will increase the federal deficit by $3.8 trillion by 2034. // Stock photo Republicans and Democrats have been arguing for months about the pros and cons of President Donald Trump’s One Big Beautiful Bill Act (OBBB), signed into law on July 4 after squeaking through Congress. One aspect of the legislation that no one seems to quibble about, except the White House, is its e…