In a new report, the CBO said over the next decade, the federal government’s red ink will flow much deeper than forecast — primarily because of the bipartisan budget deal passed last month.
“Tariffs also affect business investment by increasing businesses’ uncertainty about future barriers to trade and thus their perceptions of risks associated with investment in the United States and abroad,” it added. The expected jump will partly offset by a drop in interest costs, helped by interest rates that have sunk to record lows in recent days. Those savings translate into a $1.1 trillion net reduction in the CBO’s projections over the following 10 years, the agency said.
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CBO expects deficit to grow more than projected, warns that tariff hikes could harm growth'Federal debt, which is already high by historical standards, is on an unsustainable course,' CBO director Phillip Swagel said in the report. Indeed....right along with a major recession. 🤫🤫🤫🤫 Did CBO check in with the GOP? I thought the taxes were going to pay for themselves? I understand but numbers are for Trump like 👇 for Superman.
Source: CNBC - 🏆 12. / 72 Read more »
Federal Deficits to Rise More Than Expected Over Next Decade, CBO SaysFederal deficits are projected to grow much more than expected over the next decade thanks to the two-year budget agreement lawmakers and the White House struck last month, the Congressional Budget Office said. Imagine if we did not have to pay for lazy parasites from fecalhole nations. Deficits? Who cares about that Another broken promise from Trump
Source: WSJ - 🏆 98. / 63 Read more »
Federal deficit to swell by $800 billion over next decade, new CBO report projectsBREAKING: US deficit expected to balloon $809B more than previously expected due to legislative packages passed by Congress and signed into law by President Trump, CBO says. make America great again！！！！！ FAILED BUSINESSMAN = FAILED POTUS! See? The Republican tax cuts for the rich are working, like usual to explode the deficit. Just like Reagan, just like Bush.
Source: NBCNews - 🏆 10. / 86 Read more »
US deficit estimated to hit $1 trillion for 2020, CBO saysThe Congressional Budget Office raised its estimate of the projected federal budget deficit and is now predicting that the deficit will reach $960 billion for the 2019 fiscal year, which ends on September 30, and reach $1 trillion for the 2020 fiscal year. Another Trump record!!! This president has large debt and he is tired of interest payments. He is not going after Fed for country. It is his debt he is tired of paying interest on. Wow trumps really not only f*ckin up our countries
Source: CNN - 🏆 4. / 95 Read more »
CBO expects deficit to grow more than projected, warns that tariff hikes could harm growth'Federal debt, which is already high by historical standards, is on an unsustainable course,' CBO director Phillip Swagel said in the report. Indeed....right along with a major recession. 🤫🤫🤫🤫 Did CBO check in with the GOP? I thought the taxes were going to pay for themselves? I understand but numbers are for Trump like 👇 for Superman.
Source: CNBC - 🏆 12. / 72 Read more »
Home Depot Cuts Sales Forecast, Posts Slightly Lower ProfitHome Depot lowered its sales forecast, warning that rising material costs and the potential effects of tariffs on U.S. consumers could weigh on growth. LetItFall thankstoyou realDonaldTrump GOP ETTD.
Source: WSJ - 🏆 98. / 63 Read more »