House Republicans’ sweeping tax and spending cuts package would add $2.4 trillion to the deficit over the next decade, according to the Congressional Budget Office’s analysis of the bill that GOP lawmakers narrowly approved last month.

President Donald Trump’s big bill is likely to unleash trillions in tax cuts and slash spending, but also spike deficits by $2.4 trillion over the decade and leave some 10.9 million more people without health insurance.

This article discusses what the CBO is and provides three key takeaways from their latest report estimating the economic impact of the Big Beautiful Bill.