Will President Trump’s “big, beautiful bill” increase or lower the US national deficit? It depends on who you ask.
The Trump-appointed Council of Economic Advisers (CEA) says the bill will reduce the deficit by $2.3 trillion, while the nonpartisan Congressional Budget Office (CBO) says it will add $2.4 trillion to the deficit in the next decade.
White House CEA chairman Stephen Miran joins Opening Bid with Yahoo Finance Executive Editor Brian Sozzi to defend the CEA projection, saying the CBO figure fails to account for economic growth from deregulation and tax changes, tariff revenue, and reductions in government spending.
To watch more expert insights and analysis on the latest market action, check out more Opening Bid here: https://finance.yahoo.com/videos/series/opening-bid/
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