The Congressional Budget Office said that the final version of the One Big Beautiful Bill Act will add just under $3.4 trillion to deficits over the next decade. The new numbers, which came after a marathon reconciliation process in which many provisions of the megabill were changed at the last minute,

The “big, beautiful bill” that President Trump signed into law earlier this month will add nearly $3.4 trillion to the nation’s deficits over roughly the next decade, the Congressional Budget Office (CBO) estimated in a report on Monday.

The Congressional Budget Office has said that the One Big Beautiful Bill Act, which was signed into law by President Trump on July 4, will add $3.2 trillion to the national debt over a 10-year span.That increase in the deficit – which is expected to occur between 2025 and 2034 – is estimated to result from a decrease in direct spending of $1.