Trump's 'Big Beautiful Bill' Divides Republicans as US Debt Soars

washington - President Trump's budget bill faces Senate resistance as US debt hits record levels, causing market unrest and rising interest rates. What are the implications?

Trump's 'Big Beautiful Bill' Sparks Financial Concerns

President Trump's budget bill, dubbed the 'Big Beautiful Bill', has passed the House but faces opposition in the Senate, leading to a surge in US bond yields and concerns about the country's financial stability.

Growing Debt and Rising Interest Rates

The US debt has reached over $36 trillion, exceeding the size of the economy, raising worries about financial sustainability. The recent budget approval, with tax cuts and increased spending, is expected to add trillions more to the national debt in the next decade.

Republican Opposition and Budget Disputes

Despite Republican control in Congress, divisions emerge over the bill's impact on the already soaring debt levels. Some Republicans express concerns about the lack of fiscal discipline and failure to achieve budget balance.

Trump's Push and Senate Response

President Trump urges the Senate to act swiftly on the budget proposal, but Republican senators indicate they will seek significant modifications. With a narrow majority, Republicans aim to address key concerns before final approval.

Key Provisions and Controversy

The budget includes substantial tax cuts, increased border security and defense spending, while cutting Medicaid and food assistance programs. Controversy surrounds the bill's impact on government finances and social welfare programs.