The CBO handed Republicans a major political talking point, with projections showing the possibility for tariffs to bring in more federal revenue than would be lost by Trump's tax cut plan.
June 4, 2025GovernmentBusiness
CBO Trims GDP Forecast for 2020, Lifts 2021 Projection
The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office.
July 2, 2020