13-07-2017 18:05 via feedproxy.google.com

One chart blows up Trump's promise that his budget will eliminate the deficit

The Congressional Budget Office has refuted the Trump administration's claims that it can cut taxes and spending and leave the US with a balanced budget.
In an analysis of the budget released Thursday, the nonpartisan CBO said President Donald Trump's plan would shrink the deficit relative to the size of the overall economy, but it projects a budget deficit 10 years from now that's far larger than the Trump administration's estimates.
The White House projects that the budget could tip into a sur
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