The Senate narrowly passed a sweeping new bill that could reshape the country’s financial direction for years to come. Dubbed the “One Big Beautiful Bill” Act, the legislation passed in a 51-50 vote, with Vice President JD Vance casting the tiebreaker, according to Forbes. The Penn Wharton Budget Model (PWB Model) projects the bill would add $3.1 trillion to federal deficits over the next decade.
