Analysis: Tax cuts, spending to raise deficit to $1T by 2020
WASHINGTON (AP) " The combined effect of President Donald Trump's tax cuts and last month's budget-busting spending bill is sending the federal deficit toward the $1 trillion mark next year, according to a new analysis by the Congressional Budget Office.The CBO report says the nation's $21 trillion debt would spike to more than $33 trillion in after 10 years, with debt held by investors spiking to levels that would come close to equaling the size of the economy, reaching levels that [...]
EmoticonEmoticon