Trump’s Bill To Raise The Deficit

Washington, D.C. – The Biden-era debt spiral is finally facing resistance—thanks to a major Republican-led bill that just passed the House. Office of Management and Budget Director Russell Vought says the new legislation, championed by House conservatives, doesn’t increase the deficit—it reduces it by over $1.4 trillion.

“This bill lowers the deficit. It doesn’t raise it. It’s fiscally responsible and long overdue,” Vought told CNN’s State of the Union on Sunday.

Vought’s remarks were a direct rebuttal to comments made earlier by tech billionaire Elon Musk, who claimed the bill increases government spending. Musk told CBS Sunday Morning that he was “disappointed” by what he called a “massive spending bill” that would only worsen the budget deficit and hinder ongoing government reform efforts.

The legislation, known as the “One Big Beautiful Bill Act,” passed the House after intense negotiations and key revisions. Backed by fiscal hawks in the GOP, the bill includes targeted investments in border security and national defense—two pillars of President Trump’s “America First” platform.

But despite some limited new spending, Vought emphasized the real headline: savings.

“This is the biggest mandatory savings package in decades—since 1997,” Vought said. “We’re talking about $1.6 trillion in long-term savings. That’s real reform, not window dressing.”

The bill reflects a renewed Republican effort to tackle the national debt without sacrificing core priorities like military strength and secure borders.

Still, Musk wasn’t convinced. “A bill can be big, or it can be beautiful,” he said. “I don’t know if it can be both.”

Even so, conservative leaders are standing by the legislation. They say it’s a turning point in the fight to restore financial sanity in Washington and protect American taxpayers from runaway spending.