Tag Archives: CBO

President Donald Trump’s hike in tariffs is projected to generate enough revenue to cut federal deficits by $4 trillion over the next decade, according to the latest analysis by the Congressional Budget Office (CBO). The nonpartisan agency said it had updated its estimates of tariff revenues as part of the development of the short-term economic forecast covering 2025 to 2028, …

Trump tariffs will lower deficits by $4 trillion over a decade, CBO says  Axios Tariff revenue will cut US deficits by $4tn over next decade, fiscal watchdog says  Financial Times Trump’s tariffs could reduce US deficit by $4 trillion, CBO estimates  Reuters ‘The nation’s finances have deteriorated’ since Trump took office, CRFB says, gaming out the scenarios up to a $28.5 trillion deficit  Fortune …

WASHINGTON (AP) — The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, the nonpartisan Congressional Budget Office reported Friday. The CBO estimates that Medicare, the federal health insurance program for Americans over age 65, could potentially see as much as $491 billion in cuts from …

WASHINGTON (AP) — President Donald Trump’stax and spending law will result in less income for the poorest Americans while sending money to the richest, the nonpartisan Congressional Budget Office reported Monday. The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as they experience restrictions on government programs like Medicaid and food assistance, while the …

GOP megabill’s final score: $3.4T in red ink and 10 million kicked off health insurance, CBO says  Politico Trump’s ‘big beautiful bill’ will add $3.4 trillion to the debt, CBO says  NBC News Trump’s Tax Law Will Add $3.4 Trillion to US Deficits, CBO Says  Bloomberg.com Republican Senate tax bill would add $3.3 trillion to the US debt load, CBO says  The Daily Progress …