Trump tariffs would slash deficits by $2.8T but hamstring economy, raise inflation, says CBO

23 hours ago Business Washington Times - Business 2

President Trump's tariffs would dramatically slash budget deficits through new revenues but also reduce the size of the U.S. economy and spark inflation that erodes the purchasing power of households and businesses, according to congressional budget scorekeepers.

Read The Rest at : Washington Times - Business

Top News

Taiwan offers Guatemala aid as it guards its diplomatic flanks from China
Taiwan is offering aid to its lone Central American diplomatic ally, Guatemala, as it attempts to stave off efforts by China to win away its last...
Dest latest USMNT absentee in Gold Cup roster
United States international and PSV Eindhoven defender Sergiño Dest is the latest USMNT player to pull out of the Concacaf Gold Cup.
6-year-old Illinois boy with ‘a fearless spirit’ died after inhaling helium from balloon just days after birthday
"While often seen as harmless decorations, these balloons can pose serious risks – particularly to young children – including the rare but...
Trump, Xi hold ‘very good’ phone call ‘focused almost entirely on trade’
WASHINGTON — President Trump held a much-anticipated phone conversation with Chinese President Xi Jinping on Thursday, “focused almost entirely on...
ICE officers stranded in Djibouti under ‘outrageous’ conditions after court blocked criminal migrant deportations: source
The migrants -- convicted of murder, sexually assaulting minors, robbery and arson, among other crimes -- are being housed in a Conex shipping...
Soap star is on crusade to save her husband — accused of spying for China
Martha Byrne details the fight to exonerate her husband in her new book.