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The U.S. national debt is rapidly approaching $37 trillion with no signs of slowing down as President Donald Trump’s “big, beautiful bill” is projected to raise budget deficits by $2.4 trillion over a decade, according to the Congressional Budget Office (CBO) dynamic analysis.
Senators from both parties sounded the alarm on the staggering debt crisis in interviews with Fox News Digital on Capitol Hill.
“I’m very, very deeply concerned about that,” Sen. John Fetterman, D-Pa., said. “I think that’s gonna be part of the next big crisis, where we are gonna have to confront our national debt because it wasn’t that long ago that a trillion was unthinkable, and now that there’s 40 trillion approaching in our debt, we really have to address it, honestly.”
Trump signed his “one big beautiful bill” by Congress’ self-imposed July 4 deadline. It includes the fulfillment of Trump’s key campaign promises through the reconciliation process, including tax cuts and reforms to immigration, energy and Medicaid.
MAGA COUNTRY VOTERS SOUND ALARM OVER ‘RIDICULOUS’ NATIONAL DEBT AMID DEBATE OVER TRUMP-BACKED BILL
The U.S. national debt is more than $36 trillion. (Fox News Digital)
But conservative fiscal hawks, including Rep. Thomas Massie, R-Ky., who voted no and regularly sports a national debt clock badge, threatened to derail its passage as they spoke out against its contribution to the national debt.
DEMOCRAT-CONTROLLED BUDGET OFFICE WRONGLY ANALYZED TRUMP’S BIG BILL, MISSED RECORD SAVINGS, WHITE HOUSE SAYS
Sen. Katie Britt, R-Ala., a Trump ally and advocate for the bill, told Fox News Digital, “The time for tough conversations is now.”
She said the United States must continue to look for waste, fraud and abuse—a nod to former Trump-ally turned online foe, Elon Musk, who spearheaded efforts to cut government spending via the Department of Government Efficiency (DOGE) earlier this year, before a well-documented fallout between…
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