Tag: national debt

The US House of Representatives passed the One Big Beautiful Bill Act by a single vote right before lawmakers left DC for Memorial Day weekend. As the bill continues to be dissected and scrutinized in the media, its advancement to the US Senate will no doubt cause another story to resurface.

Members of Congress continue to debate the “One, Big, Beautiful Bill Act” (OBBBA), a budget reconciliation bill backed by President Donald Trump addressing federal spending on entitlement programs, defense, energy, as well as tax policy. 

Remember when President Donald Trump promised no tax on tips, overtime pay, and social security? Not much has been said about it in recent months. So, is it still happening? The short answer is maybe, but voters may not get the complete story on what impact this will have on the federal deficit and debt.

Last week, the Trump Administration sparked confusion across government agencies with a memo freezing federal funding. The confusion deepened when they rescinded the memo 45 hours later.