President Donald Trump’s tax and budget bill would increase deficits by $2.8 trillion over the next decade after factoring in other economic effects. That's according to a more fulsome

The Congressional Budget Office estimated that if the House bill were to pass as written, the deficit would increase by almost $3 trillion.

As Senate takes up Trump's "big, beautiful bill," many GOP members dismiss the Congressional Budget Office's deficit projections while White House argues its tax package will achieve savings.

Republicans in the Senate are calling for changes to tax and Medicaid provisions in President Trump's budget bill. CBS News congressional correspondent Nikole Killion has more.

The GOP megabill now under Senate consideration threatens healthcare insurance for more than 1 million seniors who rely on Medicare.