Under President Trump's proposed bill, student loan borrowers may face significant financial challenges. The bill, which contrasts sharply with the Biden administration's SAVE plan, could increase annual payments by nearly $3,

Elon Musk called President Trump’s spending bill the “Debt Slavery Bill” on X in June, saying it would raise the debt ceiling by $5 trillion. The debt ceiling sets the legal limit on how much money the federal government can borrow.

President Donald Trump signed into law House Resolution 1, which he called "One Big, Beautiful Bill," while hosting a military family picnic event at the White House on Friday evening.