Breaking: Silver Tops $38 for First Time Since 2011 
The Senate’s version of the “One Big, Beautiful Bill Act” prioritizes tax relief and populist policies over deficit reduction, widening the budget gap by $3.3 trillion over ten years through $4.5 trillion in tax cuts and only $1.2 trillion in spending reductions. Key compromises include maintaining a $40,000 cap on state and local tax deductions while preserving workarounds.
Fiscal watchdog groups like the Committee for a Responsible Federal Budget strongly criticize the legislation, warning that it adds nearly $4 trillion to the deficit (including $690 billion in extra borrowing costs) and creates dangerous precedents for future deficit spending. Republicans defend the bill by comparing it to current policy rather than current law, while business groups praise its growth potential despite deficit concerns.
