WASHINGTON (AP) — President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the Congressional Budget Office reported Monday, a slight increase in the projection that takes into account the final tweaks that Republicans made before getting the legislation over the finish line.

President Donald Trump’s "big beautiful bill" will add $3.4 trillion to the U.S. national debt over the next decade, according to the nonpartisan Congressional Budget Office.