The House proposal would enact Trump's major campaign promises while dramatically changing Medicaid, food benefits, income taxes and border security.

The House version of the bill is calculated to add about $3.8 trillion to the federal government's $36.2 trillion in debt over the next decade, according to the Congressional Budget Office.

Senator Ron Johnson (R-Wis.) has raised alarms about the potential passage of President Donald Trump's 'One Big Beautiful Bill Act' in the Senate. Johnson claims that there are 'sufficient' Republican votes to halt the bill unless there are concessions on spending cuts.

President Trump’s ‘big beautiful spending’ bill is giving investors pause as bond yields move higher over debt and deficit concerns. The 10-year Treasury yield topped 4.5% creating headwinds for U.S.

However, multiple independent analyses project that if implemented, the bill would increase deficits by $3 to $4 trillion over the next decade.

The major tax bill that Republicans hope to pass through the House later this week will require the federal government to borrow more heavily for the next

Financial markets are looking for more “fiscal discipline” from Washington, a top official at the Federal Reserve warned.

An analysis of the bill by the Congressional Budget Office found that the lowest-income households will see their resources drop.

Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.

President Trump’s tax plan has sparked concern among investors, driving Treasury bond yields to a nearly two decade high amid growing worries over U.S. debt.