President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall.

President Donald Trump’s big bill in Congress would 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.

The Congressional Budget Office (CBO) has released a critical analysis of President Donald Trump's tax cut bill, warning of a potential surge in the national debt to $40 trillion. As the Senate deliberates,