President Donald Trump presents the One Big Beautiful Bill Act, after he signed it, at the White House on July 4, 2025. Leah Millis/Reuters
The One Big Beautiful Bill Act will increase the U.S. deficit by $3.4 trillion over the next 10 years, the Congressional Budget Office stated on July 21, revising its previous calculations based on the final content of the bill.
The nonpartisan group, which provides financial information to Congress, estimated that the original House version of the bill would increase the deficit by $2.8 trillion from 2025 through 2034.
