Brian Armstrong’s warnings about the U.S. debt crisis coincided with the passage of a Trump-backed Republican bill that expands military spending and tax cuts while slashing social programs, drawing criticism for worsening the debt outlook.

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His worries over the debt crisis came as House Republicans passed President Donald Trump’s so-called 'One big, beautiful bill' in May that extends tax cuts, boosts military spending, and cuts Medicaid, food aid, and clean energy.

Armstrong’s comments come as House Republicans advance a Trump-backed spending bill that extends tax cuts, boosts military funding, and slashes programs like Medicaid, food aid, and clean energy. Critics argue the legislation would worsen the debt outlook

Armstrong's concerns over the debt crisis came as House Republicans passed the Trump-backed 'big, beautiful bill' in May that extends tax cuts, boosts military spending, and cuts Medicaid, food aid, and clean energy