Deficit SOARS Under Trump

WASHINGTON– A new government report says that the U.S. budget deficit is set to hit $897 billion this year and predicts that economic growth will slow as the effects of President Donald Trump’s tax cut on business investment begin to drop off.

The Congressional Budget Office Report predicts a $118 billion increase over last year’s $779 billion deficit.

The CBO predicts in a report released Monday that the economy will grow by 2.3 percent this year, a slowdown from 3.1 percent last year.

The report comes as the government is reopening after a 35-day partial shutdown. The CBO says the shutdown will have a modest negative impact on the economy.


Newest Most Voted
Inline Feedbacks
View all comments
pedro cabal
pedro cabal
5 years ago

Does that deficit contains the 440 billions that We are going to invest in renovating the missiles defense system neglected for so many years? The upgrade of the also neglected Armed Forces were added the first time and they may be counting the 2nd 729 billion?
Important investments. As far as the cbo is concerned We can get by with sling-shots.

Bob Smith
Bob Smith
5 years ago

The deficit under Obama was an average of 1.25 trillion per year. I would have to say that Trump lowered the deficit by 450 billion per year. At least that’s what the numbers say.