Trump budget bill would increase deficit by $2.4 trillion and 10.9 million would lose health insurance, CBO says

Washington — Republicans' sweeping policy bill aimed at advancing President Trump's second-term agenda would increase the deficit by $2.4 trillion over the next decade, according to a new estimate prepared by the nonpartisan Congressional Budget Office. 

The CBO also estimates that 10.9 million more people would be without health insurance in 2034 as the result of the House-passed legislation, given changes to Medicaid and the Affordable Care Act under the bill.

House Republicans are aiming to cut at least $1.5 trillion in spending to offset trillions in tax cuts, while also raising the debt ceiling by $4 trillion.