The changes to the SALT cap agreed to in negotiations after the House Ways and Means Committee passed its tax bill would add nearly $130 billion more to the deficit, according to the Joint Committee on Taxation.

The House version of the bill is calculated to add about $3.8 trillion to the federal government's $36.2 trillion in debt over the next decade, according to the Congressional Budget Office.

The House proposal would enact Trump's major campaign promises while dramatically changing Medicaid, food benefits, income taxes and border security.

President Donald Trump announced he plans to negotiate the current tax bill, expressing dissatisfaction with some sections. The statement comes after Elon Musk criticized the bill for undermining deficit reduction efforts.

The major tax bill that Republicans hope to pass through the House later this week will require the federal government to borrow more heavily for the next

Multiple analyses project that the bill would increase deficits by $3 trillion to $4 trillion over the next decade.

President Trump’s ‘big beautiful spending’ bill is giving investors pause as bond yields move higher over debt and deficit concerns. The 10-year Treasury yield topped 4.5% creating headwinds for U.S.

Financial markets are looking for more “fiscal discipline” from Washington, a top official at the Federal Reserve warned.

Scott Chronert, Citi U.S. equity strategist, joins 'The Exchange' to discuss the tax budget. tariff impact and economy.