Trump supporters defended the "Big Beautiful Bill" against Elon Musk's criticism, expressing confidence the legislation will benefit the country despite debt concerns.

Jamie Dimon, Warren Buffett, Ray Dalio, Jerome Powell—and now Elon Musk, are all sounding the alarm on America's national debt.

When interest payments reached a similar share of federal revenue back in the early 1990s, it helped break up the Reagan coalition and propel the rise of Ross Perot. If over the next few years the national debt becomes an existential issue for voters, all bets are off.

While many Americans may not think about how the federal deficit affects their lives, America's excessive borrowing can drive up interest rates.

The One Big Beautiful Bill Act, passed by the House and now in the hands of the Senate, could add $2 trillion to the deficit, sparking debate among Republicans and criticism from Elon Musk.

President Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package.

The White House has viciously lashed out at anyone who has voiced concern about the debt snowballing under Trump, even though it did exactly that in his first term after his 2017 tax cuts.

President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won't bury the federal government in debt with his multitrillion-dollar tax breaks package.

President Donald Trump has so far resisted a war with Elon Musk, but there's no telling how long the peace will last.