trump deal tariffs tax bill cuts trumps steel payment trade

Trump tax bill would widen deficits by $2.8T after factoring in economic impacts, CBO says

Trump tax bill would widen deficits by $2.8T after factoring in economic impacts, CBO says

President Donald Trump’s tax and budget bill would increase deficits by $2.8 trillion over the next decade after factoring in other economic effects

Comments

Similar News

Fed expected to hold rates steady, brushing off Trump’s calls for cuts

Trump doesn't seem like he's taking the TikTok sale-or-ban law seriously. Does anyone?

about 2 hours ago

Japan records trade deficit as exports suffer from Trump's tariffs

about 5 hours ago

Iran’s Supreme Leader Says ‘The Battle Begins’ After Trump Demands ‘Unconditional Surrender’ (Live Updates)

about 5 hours ago

G7 leaders are paralysed by their fear of upsetting Donald Trump | Rafael Behr

about 6 hours ago

Trump will sign an order extending deadline for TikTok's Chinese owner to sell app

about 10 hours ago

'We have to dismantle a 40-year-old supply chain': Toy company appeals to the Supreme Court over Trump's tariffs

about 10 hours ago

Trump to extend US TikTok ban deadline, White House says

about 10 hours ago

Oil Prices Climb as Trump Calls for Iran’s ‘Surrender’

about 10 hours ago

Trump to Again Extend TikTok’s Reprieve From U.S. Ban

about 10 hours ago

Trump Will Delay TikTok Ban Another 90 Days

about 10 hours ago

Trump set to give TikTok 90 more days to find a deal

about 12 hours ago

Trump’s Tax Cuts Would Raise Deficit By $2.8 Trillion, New Estimate Suggests

about 12 hours ago

Senate is expected to pass a crypto bill without addressing Trump's investments

about 13 hours ago

Mitsubishi hiking prices on new US vehicles in response to higher costs from Trump tariffs

about 13 hours ago

Why you should get your holiday euros now - but hold off buying US dollars amid the Trump tariff turmoil

about 13 hours ago

Trump family unveils Trump Mobile with a flashy $500 gold smartphone

about 15 hours ago

Trump and Tucker Carlson Are Divided Over Israel-Iran Conflict

about 15 hours ago

Trump Demands ‘Unconditional Surrender’ From Iran After Fueling Speculation U.S. Military Will Intervene (Live Updates)

about 15 hours ago

Trump threatens to keep 25% tariff on UK steel imports over Port Talbot concerns

about 16 hours ago

Business News

Nationwide customers urged to look out for 4 words on account statement

Nationwide customers urged to look out for 4 words on account statement

Lloyds Bank says 'we will notify you' over changes to mobile payment services

Lloyds Bank says 'we will notify you' over changes to mobile payment services

Full list of hearing issues eligible for £441 a month from the DWP

Full list of hearing issues eligible for £441 a month from the DWP

Bank of England set to make major decision tomorrow as mortgage expert issues verdict

Bank of England set to make major decision tomorrow as mortgage expert issues verdict

Brits already saving for Christmas - using simple tricks to help spread costs

Brits already saving for Christmas - using simple tricks to help spread costs

US added over 1,000 new millionaires a day last year: UBS report

US added over 1,000 new millionaires a day last year: UBS report

UK inflation to edge higher if oil prices push up energy costs, experts warn

UK inflation to edge higher if oil prices push up energy costs, experts warn

Speedy Hire warns over ‘challenging’ conditions amid depot closures

Speedy Hire warns over ‘challenging’ conditions amid depot closures

Examples of where inflation jumped in May – and where it eased

Examples of where inflation jumped in May – and where it eased

Food and drink inflation hits highest level in 15 months - but these 3 items are cheaper

Food and drink inflation hits highest level in 15 months - but these 3 items are cheaper

about 2 hours ago

DWP set to pay nine million pensioners up to £300 this winter - check if you’re eligible

DWP set to pay nine million pensioners up to £300 this winter - check if you’re eligible

about 2 hours ago

Rachel Reeves spending review – why council tax may rise in 350 UK areas

Rachel Reeves spending review – why council tax may rise in 350 UK areas

about 2 hours ago

How to find the best crypto presales

How to find the best crypto presales

about 2 hours ago

This is the reason why inflation figures are being reported differently today

This is the reason why inflation figures are being reported differently today

about 2 hours ago

Latest official UK inflation figures explained and why they are not what they seem

Latest official UK inflation figures explained and why they are not what they seem

about 2 hours ago

AO World looking to automation and offshoring in face of wage cost surge

AO World looking to automation and offshoring in face of wage cost surge

about 2 hours ago

Annual house price growth halves as buyers reach stamp duty cliff edge

Annual house price growth halves as buyers reach stamp duty cliff edge

about 2 hours ago

Martin Lewis says one winter fuel payments group 'best to opt out' of cash

Martin Lewis says one winter fuel payments group 'best to opt out' of cash

about 3 hours ago

Bus driver walkout to be suspended after new pay offer, says union

Bus driver walkout to be suspended after new pay offer, says union

about 3 hours ago

Ole & Steen posts stronger profits after efforts to ‘win back more customers’

Ole & Steen posts stronger profits after efforts to ‘win back more customers’

about 3 hours ago

HS2 opening to be delayed beyond 2033

HS2 opening to be delayed beyond 2033

about 3 hours ago

AO World delivers record profits as sales jump higher

AO World delivers record profits as sales jump higher

about 3 hours ago

Will interest rates be cut tomorrow? The key factors for the Bank of England and 2025 predictions

Will interest rates be cut tomorrow? The key factors for the Bank of England and 2025 predictions

about 3 hours ago

Kellogg's, Coca-Cola and Brewdog beer on Russian shelves despite sanctions

Kellogg's, Coca-Cola and Brewdog beer on Russian shelves despite sanctions

about 3 hours ago

Nationwide £100 bonus payments being made to millions of customers from today

Nationwide £100 bonus payments being made to millions of customers from today

about 3 hours ago

'I paid for parking then got a message from bank to say it had been £4,586'

'I paid for parking then got a message from bank to say it had been £4,586'

about 3 hours ago

Surfshark VPN now costs £1.59 as summer sale drops price

Surfshark VPN now costs £1.59 as summer sale drops price

about 3 hours ago

Rachel Reeves's policies will see UK economy 'muddle through' for next two years, CBI warns

Rachel Reeves's policies will see UK economy 'muddle through' for next two years, CBI warns

about 3 hours ago

AO World delivers record profits as sales jump higher

Evening Standard

AO World delivers record profits as sales jump higher

about 3 hours ago

HS2 opening to be delayed beyond 2033

Evening Standard

HS2 opening to be delayed beyond 2033

about 3 hours ago

Why the latest official UK inflation figures are not what they seem

Evening Standard

Why the latest official UK inflation figures are not what they seem

about 3 hours ago

Ole & Steen posts stronger profits after efforts to ‘win back more customers’

Evening Standard

Ole & Steen posts stronger profits after efforts to ‘win back more customers’

about 3 hours ago

Most NATO armies likely 'could not meet Ukrainian standards' in combat effectiveness, retired US Army general says

Most NATO armies likely 'could not meet Ukrainian standards' in combat effectiveness, retired US Army general says

about 3 hours ago

I'm 80 and worked at the same company for almost 60 years. Here are the biggest lessons I learned about being successful at work.

I'm 80 and worked at the same company for almost 60 years. Here are the biggest lessons I learned about being successful at work.

about 3 hours ago

TCV cofounder Jay Hoag slams VCs' AI herd mentality: 'like 7-year-olds playing soccer'

TCV cofounder Jay Hoag slams VCs' AI herd mentality: 'like 7-year-olds playing soccer'

about 3 hours ago

I wrote about millennials' real estate woes. Then I felt the wrath of Gen X.

I wrote about millennials' real estate woes. Then I felt the wrath of Gen X.

about 3 hours ago

Brazil auctions off several Amazon oil sites despite environmentalists and Indigenous protests

Brazil auctions off several Amazon oil sites despite environmentalists and Indigenous protests

about 5 hours ago

Colombia's Senate approves labor bill that would mean more pay and protections for workers

Colombia's Senate approves labor bill that would mean more pay and protections for workers

about 5 hours ago

A judge could advance Purdue Pharma's $7B opioid settlement after all 50 states back it

A judge could advance Purdue Pharma's $7B opioid settlement after all 50 states back it

about 5 hours ago

Firms led by US military veterans deliver aid, alarming humanitarian groups

Firms led by US military veterans deliver aid, alarming humanitarian groups

about 5 hours ago

Argentine ex-President Cristina Fernández de Kirchner allowed to serve corruption sentence at home

Argentine ex-President Cristina Fernández de Kirchner allowed to serve corruption sentence at home

about 5 hours ago

Trump tax bill would widen deficits by $2.8T after factoring in economic impacts, CBO says

Trump tax bill would widen deficits by $2.8T after factoring in economic impacts, CBO says

about 5 hours ago

Asian shares are mixed and oil prices rise as escalating Iran-Israel crisis hits Wall Street

Asian shares are mixed and oil prices rise as escalating Iran-Israel crisis hits Wall Street

about 5 hours ago

Japan records trade deficit as exports suffer from Trump's tariffs

Japan records trade deficit as exports suffer from Trump's tariffs

about 5 hours ago

UK inflation eases slightly to 3.4%

UK inflation eases slightly to 3.4%

about 5 hours ago

Rachel Reeves’s winter fuel U-turn descends into madness – nobody knows what they’ll get

Rachel Reeves’s winter fuel U-turn descends into madness – nobody knows what they’ll get

about 5 hours ago

15,000 jobs at risk from 'irreversible' UK inheritance tax changes

15,000 jobs at risk from 'irreversible' UK inheritance tax changes

about 5 hours ago

July 2025 benefits and pension payments dates plus cost of living support

July 2025 benefits and pension payments dates plus cost of living support

about 5 hours ago

UK inflation rate holds as air fares and fuel prices decrease – but risk remains

UK inflation rate holds as air fares and fuel prices decrease – but risk remains

about 5 hours ago

Inflation slows to 3.4% but no Bank of England rate cut expected

Inflation slows to 3.4% but no Bank of England rate cut expected

about 5 hours ago

Co-op offers 25% off £40 shop as 'thank you' to members after cyberattack

Co-op offers 25% off £40 shop as 'thank you' to members after cyberattack

about 5 hours ago

Morrisons selling first 'Dubai chocolate' cream liqueur and it's under £10

Morrisons selling first 'Dubai chocolate' cream liqueur and it's under £10

about 5 hours ago

UK inflation level announced after ONS admits major data error

UK inflation level announced after ONS admits major data error

about 5 hours ago

'Gorgeous' £35 red stripe summer dress looks just like Never Fully Dressed's sold-out maxi

'Gorgeous' £35 red stripe summer dress looks just like Never Fully Dressed's sold-out maxi

about 5 hours ago

Martin Lewis winter fuel payment 'savings' ISA alert and says 'you might not get it'

Martin Lewis winter fuel payment 'savings' ISA alert and says 'you might not get it'

about 5 hours ago

Four experts reveal how to ensure your home's interior NEVER goes out of fashion

Four experts reveal how to ensure your home's interior NEVER goes out of fashion

about 5 hours ago

Can my mum pass her property portfolio to us without falling into an inheritance tax trap?

Can my mum pass her property portfolio to us without falling into an inheritance tax trap?

about 5 hours ago

Inflation rate dips in May after "awful April" cost of living spike

Evening Standard

Inflation rate dips in May after "awful April" cost of living spike

about 5 hours ago

FTSE 100 Live 18 June: Inflation rate shows modest fall, oil price near $76

Evening Standard

FTSE 100 Live 18 June: Inflation rate shows modest fall, oil price near $76

about 5 hours ago

UK inflation higher than forecast in May amid rising food prices

Evening Standard

UK inflation higher than forecast in May amid rising food prices

about 5 hours ago