Senate Version of 'Beautiful Bill' Projected to Increase U.S. Debt by $3.3 Trillion

According to BlockBeats, the U.S. Congressional Budget Office has reported that the Senate's version of the 'Beautiful Bill' is expected to increase the nation's debt by $3.3 trillion over the next decade. With strong backing from U.S. President Donald Trump, the bill narrowly passed the House of Representatives on May 22 and proceeded through a procedural vote in the Senate on June 28 by a slim margin. To secure Senate approval, lawmakers made amendments to the bill, which will require another vote in the House following the Senate's decision.