Federal Debt to Hit Record Levels, Budget Office Warns

The Congressional Budget Office’s Updated Projections

With the Trump administration holding back key details of its budget outlook, it has been difficult to track the cumulative effect of the flurry of changes to spending and tax policy introduced over the last year. The Congressional Budget Office’s recent baseline update is therefore a welcome clarification on where things stand, although it comes with an unusual degree of uncertainty due to potential developments that remain on the horizon. The …

Federal Debt to Hit Record Levels, Budget Office Warns

In the first year of his second term, President Trump has tried to radically reshape America’s economy. He has slashed taxes, raised tariffs to their highest levels in almost a century, unilaterally canceled federal spending, pushed down immigration and pressured the Federal Reserve to sharply lower interest rates. When it comes to the overall federal budget, though, the effect of these dramatic changes has nearly been a wash. The country is sti…

MichaelSavage.com – Federal Debt to Hit Record Levels, Budget Office Warns

President Trump has reshaped the country’s economic policies, but the outlook for the budget remains dire. In the first year of his second term, President Trump has tried to radically reshape America’s economy. He has slashed taxes, raised tariffs to their highest levels in almost a century, unilaterally canceled federal spending, pushed down immigration and…