Trump's budget would reduce deficit but wouldn't balance like White House promised, CBO says
Jul 17, 2017 - CNBC
The nonpartisan Congressional Budget Office says President Trump's budget will reduce the federal deficit over a decade. But the CBO says it will not balance the budget in a decade, as the White House projects. Its estimate of deficit reduction is lower than the Trump administration's because the White House projects higher economic growth. President Donald Trump's budget would reduce the federal deficit —...
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Jul 16, 2017
President Trump received his first official estimate Thursday of how his proposals would affect the economy. The results were mediocre — especially compared with the numbers for President Barack Obama while he was in office. Trump’s proposals so far would only add about 0.1 percentage points to growth in gross domestic product, according to the nonpartisan Congressional Budget Office (CBO). Read more...
Jul 16, 2017
WASHINGTON — A new government analysis of President Donald Trump’s budget plan says it wouldn’t come close to balancing the federal ledger like the White House has promised.Thursday’s Congressional Budget Office report says that Trump’s budget, if followed to the letter, would result in a $720 billion deficit at the end of 10 years instead of the slight surplus promised.CBO Read more...
Jul 15, 2017
(CNN)When the Congressional Budget Office scored President Trump’s budget this week, some of the numbers came out looking different — very different.The White House says its blueprint balances the budget over the next decade, reining in the deficit from $603 billion this year to a $16 billion surplus in 2027. But the CBO estimates a $720 billion deficit in 2027 Read more...
CBO: Non-partisan number crunchersThe facts can be hard to come by in Washington, which is why many politicians turn to the non-partisan, number crunchers of the Congressional Budget Office.
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