The Congressional Budget Office delivered a double shot of projections for the fiscal outlook Wednesday, finding that the Trump administration's signature tax bill would widen deficits, while tariffs ...

Nonpartisan Congressional Budget Office estimates that Trump’s tariffs would shrink the economy and add to inflation while reducing the federal deficit by $2.8 trillion.

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.

The Congressional Budget Office said that President Donald Trump’s tariff agenda would raise $2.8 trillion over the next ...

The analysis came before federal court decisions on tariffs last week and doesn’t account for potential changes to tariff policy.

WASHINGTON (AP) — 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 ...

The CBO projects Trump's tariffs could reduce the deficit by $2.8 trillion while his tax bill would add $2.4 trillion, but ...

Reports from the Treasury Department show that Trump's tariffs have raised ... drag on the overall economy are these tariffs, then? HORSLEY: Yeah, the CBO projects a fairly small drag.

Trump's controversial tariff policies will shrink the size of the US economy and lead to rising inflation according to a recent report from the nonpartisan CBO.

Tariff collections are up sharply in the last 2 months. Congressional forecasters say tariffs could help reduce the federal ...

The White House's notion of offsetting tax cuts with a tax increase via tariffs, paid by consumers, is a conflicting one, ...

The president says import duties will more than pay for tax cuts and new spending. His argument doesn’t hold water.