The tax cut and spending bill, known as the 'One Big Beautiful Bill Act,' proposed by US President Donald Trump is under review in the Senate. The bill will increase US debt by US$3.3 trillion over the next decade, approx. US$800 billion more than the version passed earlier by the House of Representatives, the US Congressional Budget Office (CBO) said.Related NewsPersonal Spending MoM for May in United States is -0.1%, lower than the previous value of 0.2%. The forecast was 0.1%.