Mick Mulvaney

Trump's budget would mean a $720-billion deficit over 10 years, Congressional Budget Office says

Trump's budget would mean a $720-billion deficit over 10 years, Congressional Budget Office says

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

A report from the Congressional Budget Office this week 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.

The CBO says Trump's budget would reduce the deficit by a total of $3.3 trillion over 10 years instead of the $5.6-trillion deficit cut promised by the White House. The nonpartisan scorekeeper estimated that deficits in...

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