The Republicans' spending bill passed by the House of Representatives would blow a big, beautiful hole in the federal deficit ...

Why Tariffs Are Unlikely to Reduce the Trade Deficit In part, Trump’s appetite for tariffs stems from a long-standing grievance against the size of the US current account deficit.

The torrent of tariffs President Trump has enacted so far in his second term would slash the federal deficit by $2.8 trillion if kept in place through fiscal year 2034, the Congressional Budget Office ...

The CBO estimated the increase in revenue collection from tariffs would reduce the deficit by $2.5 trillion from fiscal 2025 to fiscal 2035, measured against baseline projections made in January.

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 ...

That projection also had a caveat: "These estimates assume that the tariffs are not reversed or adjusted (and no exemptions are added) by the current Administration or future ones." The CBO ...

Tariffs imposed on trading partners by the Trump administration would shrink the economy and increase inflation but also would reduce budget deficits by $2.8 trillion from 2025 to 2035, the ...

As it turns out, our deficit in good and services, or the current account, equals the sale of our assets, or the capital account. This is what is known as, albeit in a simplified version, the ...

The current situation is reminiscent of the mid-1980s, when the U.S. ran a record current account deficit of 5 percent of GDP as the dollar appreciated to a record high.

Because tariffs reduce the trade deficit, as a matter of simple arithmetic that also implies that they reduce capital inflows into the US (arithmetically, the current account deficit must equal ...

(The Center Square) – The Congressional Budget Office estimated that President Donald Trump's tariffs could reduce federal deficits by $2. 8 trillion over the next decade.

(The Center Square) – The Congressional Budget Office estimated that President Donald Trump's tariffs could reduce federal deficits by $2.8 trillion over the next decade.