from how the debt works to the debate over it right now. To look at what President Trump's

budget bill, which he calls the big beautiful bill means for the U.S. debt, congressional correspondent

Lisa Desjardin, joins us now from the super screen to explain it all. So Lisa, if this passes,

it would be the largest bill in dollar terms in U.S. history. Just kick us off with what the money involved

is here. Right. For Republicans, this is part of answering what they see as a potential crisis,

the end of the Trump tax cuts. The question is, is this something that adds to a different

potential crisis, an American debt crisis? So let's look at the money flow in this bill,

and let's start with the tax cuts in this bill. And let's start

with the tax cuts. First of all, Republicans are, in fact, adding some new tax cuts here. Those are the

no taxes on tips, overtime, some benefits for seniors. These tax cuts are significant. However,

they pale in comparison to the biggest cost in the bill. That is extending those Trump tax cuts.

Altogether, the Congressional Budget Office says the tax cuts in this bill add up to $3.7 trillion.

That's good news in that that's money taxpayers could keep, but it's also bad news because it comes

out of the federal budget and potentially could add to deficits. So did Republicans pay for this in the bill?

According to CBO, no. The money saved in this bill from the cuts, the spending cuts, is 1.3 trillion.

Now, this is a significant, historically large number of spending cuts. Health care cuts,

we've been talking about Medicaid, green energy, student loans. This is a big number,

but it is much smaller than the amount being spent here. So overall, Congressional Budget Office

says this bill would add $2.4 trillion to the deficit, and that is even before you consider

interest costs. So Lisa, Republicans argue that economic growth will help to pay for some of

this, which is harder to forecast. But based on what we do know right now, what's their argument for

why this won't add to the deficit? Right, it's important because you're going to be hearing this

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