What could happen if spending bill adds trillions to national debt
CBS America · Less Recent
CBS America
Less Recent
A recent analysis from the Committee for a Responsible Federal Budget says the legislation that just passed the Senate will add more than $3.9 trillion to the national debt. Kelly O'Grady joins to discuss what that means.
BreakdownGenerated by LeadStory AI
- Senate-passed legislation is projected to add over $3.9 trillion to the national debt. 4s
- Long-term impacts could include less funding for social programs and increased investor caution. 31s
- The US dollar index has seen its worst start to the year since 1973 amid uncertainty. 51s
- Federal Reserve Chair Powell said interest rates might have been lowered if not for tariff concerns. 1m 22s
- Market optimism remains, but upcoming earnings and economic data could affect sentiment. 2m 5s