‘The nation’s finances have deteriorated’ since Trump took office, CRFB says, gaming out the scenarios up to a $28.5 trillion deficit
“The nation’s finances have deteriorated” since President Trump took office, driven by sweeping legislative and trade policy changes, according to the Committee for a Responsible Federal Budget (CRFB). The nonpartisan watchdog noted that the Congressional Budget Office’s January 2025 budget outlook “already showed a worrisome fiscal outlook,” but developments since mean a widening deficit. The CRFB … Read more