Billionaire Arnolds Decry ‘Catastrophic Deficit’ in Trump Bill

Billionaire philanthropists John and Laura Arnold have made fiscal responsibility a signature cause, going so far as to release a 20-step plan for the US to save up to $4 trillion.

So when Congress passed President Donald Trump’s “Big Beautiful Bill” — which budget watchdogs say could add more than $5 trillion to the national debt — they called it “catastrophic.”

“I feel as if the country is playing with fire in some of these aspects and doing it for no good reason besides that it’s politically popular and helps one get reelected,” John Arnold, 51, said in a recent ...