Even while the bill was making its way through Congress, opponents said it would cause the Social Security trust funds to run out of money sooner than projected. Their warnings appear to have been correct. It's official: Donald Trump's "Big, Beautiful Bill" will deplete Social Security's funds faster.

Axios Visuals Americans dodged a big tax hike when Congress passed the "big, beautiful bill," making permanent the tax cuts of President Trump's first term — and adding on a bunch more. Why it matters: Tax cuts free up money for folks to spend on other things — which could be dearly needed next year as wages still haven't caught up with inflation and tariffs threaten to push costs up further.