{"id":12025,"date":"2025-08-04T18:49:20","date_gmt":"2025-08-04T18:49:20","guid":{"rendered":"https:\/\/bluelightnews.com\/category\/politics\/cbo-republican-megabill-to-cost-4-1t-due-to-higher-borrowing-costs\/"},"modified":"2025-08-04T18:49:20","modified_gmt":"2025-08-04T18:49:20","slug":"cbo-republican-megabill-to-cost-4-1t-due-to-higher-borrowing-costs","status":"publish","type":"post","link":"https:\/\/bluelightnews.com\/category\/politics\/cbo-republican-megabill-to-cost-4-1t-due-to-higher-borrowing-costs\/","title":{"rendered":"CBO: Republican megabill to cost $4.1T, due to higher borrowing costs"},"content":{"rendered":"
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Interest rates will be higher over the next decade because of the GOP\u2019s megabill and drive up borrowing costs even for the federal government, Congress\u2019 nonpartisan scorekeeper predicts in a new report released Monday.<\/p>\n

In a final \u201cdynamic\u201d analysis<\/a> of the bill<\/a> President Donald Trump signed into law on July 4, the Congressional Budget Office estimated the measure will increase the federal deficit by $4.1 trillion over a decade. Because the bill\u2019s red ink is not offset by more spending cuts or new revenue, CBO found, the legislation will drive up interest rates.<\/p>\n

That increase could affect investors and regular people getting loans for a range of assets, from cars to homes. But it will also hike costs for the federal government in a real way, according to thebudget office \u2014 increasing interest payments on the nearly $37 trillion national debt by $718 billion over a decade.<\/p>\n

That\u2019s higher than the $440 billion in extra borrowing costs CBO estimated in June<\/a>, before Republicans reworked many of the bill\u2019s policies to abide by Senate rules and woo the support of GOP lawmakers who were reluctant to vote in favor of the final product.<\/p>\n

Congressional Republicans largely dismissed<\/a> CBO\u2019s deficit and interest rate warnings in the days before clearing the bill for President Donald Trump’s signature, arguing that the legislation would juice the economy far more than forecasters have ultimately predicted.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Interest rates will be higher over the next decade because of the GOP\u2019s megabill and drive up borrowing costs even for the federal government, Congress\u2019 nonpartisan scorekeeper predicts in a new report released Monday. In a final \u201cdynamic\u201d analysis of the bill President Donald Trump signed into law on July 4, the Congressional Budget Office […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-12025","post","type-post","status-publish","format-standard","hentry","category-congress"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts\/12025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/comments?post=12025"}],"version-history":[{"count":0,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts\/12025\/revisions"}],"wp:attachment":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/media?parent=12025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/categories?post=12025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/tags?post=12025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}