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Republican legislation criticized by media will slash deficits through economic growth, tariff revenue and deportation while ...
President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of ...
The CBO's estimate says revenue from tariffs would reduce the deficit by $2.8T. The nonpartisan Congressional Budget Office estimates that President Donald Trump’s tariffs would shrink the U.S ...
The CBO projects that Trump's tariffs could reduce the federal deficit by $2.8 trillion over a decade. However, these savings come from American taxpayers who bear the cost of tariffs on imported ...
The CBO analysis says Trump's tariffs over the next decade would reduce deficits by $2.8 trillion while also curbing economic growth by 0.6 percent.
Trump's tariffs would also reduce the size of the US economy by about 0.06 percentage points per year on average and cause a 0.4% spike in total inflation for 2025 and 2026, the CBO noted.
A forecast from the nonpartisan Congressional Budget Office this week says Trump's tariffs could shave $2.8 trillion off the federal debt over the next decade, if they remain in place.
Trump’s tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says The nonpartisan Congressional Budget Office said tariffs would reduce the purchasing power of ...
The CBO found that the tariff hikes Trump had put in place by May 13 would reduce budget deficits by $2.5 trillion over the decade through 2035, and — by lowering net federal borrowing — would ...
What slower hiring and new tariffs could mean for the economy 02:13. Washington — President Trump's sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking ...
Revenue raised by President Trump's tariffs could reduce federal deficits by $2.8 trillion over the next decade, according to a new forecast from the non-partisan Congressional Budget Office.