The “One Big Beautiful Bill Act” (OBBBA), passed by the House on May 22, 2025, is a sweeping reconciliation package combining extended 2017 tax cuts, tax credits, and immigration and defense spending with deep cuts to social programs . According to nonpartisan CBO projections, it adds an estimated $2.4–2.8 trillion to the federal deficit over the next decade, and could reduce health insurance coverage for approximately 11 million people(). Some analyses warn the debt impact may reach $3–4 trill
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