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July 14, 2017

CBO: Trump's budget doesn't balance ledger

  • The nonpartisan Congressional Budget Office says that Trump relied on far too optimistic predictions of economic growth.
    • By ANDREW TAYLOR
    Associated Press

    WASHINGTON — A new government analysis of President Donald Trump's budget plan says it wouldn't come close to balancing the federal ledger like the White House has promised.

    Thursday's Congressional Budget Office report says that Trump's budget, if followed to the letter, would result in a $720 billion deficit at the end of 10 years instead of the slight surplus promised.


     
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