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Trump, tariff and budget

Reuters on MSN · 17h

Trump's tariffs could reduce US deficit by $4 trillion, CBO estimates

President Donald Trump's increased tariffs on U.S. imports from foreign countries could reduce the national deficit by $4 trillion over the next decade, the Congressional Budget Office estimated on Friday.

MarketWatch on MSN · 18d

Trump’s budget law could widen the deficit by $718 billion more than previously estimated. Here’s why.

Higher borrowing costs are driving up an estimate of the impact to the U.S. budget deficit from President Donald Trump’s sprawling budget law, according to an analysis from the Congressional Budget Office.

The Associated Press on MSN · 10d

US July budget deficit up 20% year-over-year despite record Trump tariff income

WASHINGTON -- The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Treasury Department data released Tuesday.

Trump, tax cut and Big Beautiful

Associated Press News on MSN · 7d

Trump tax law could cause Medicare cuts if Congress doesn’t act, CBO says

The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, according to the nonpartisan Congressional Budget Office.

PolitiFact · 12h

Donald Trump’s 'Big Beautiful' spending law was not the ‘biggest tax cut’ in US history

The tax cuts were significant, but they weren’t the biggest in U.S. history — which was a phrase Trump has often used to inaccurately describe his 2017 tax cut law. The 2025 tax cuts rank either third-biggest since 1980 or tied for seventh, depending on the yardstick.

USA Today · 23h

Massachusetts expected to see third largest average tax cuts from 'Big, Beautiful Bill'

Massachusetts will see the third largest average tax cuts of all states in 2026 with an average of $5,139. The bill makes 2017 cuts permanent and introduces new breaks, while also slashing social spending programs like SNAP and Medicaid.

3don MSN

Trump budget officials claim sweeping spending power from Congress, records show

Russell Vought, the White House budget director and architect of Project 2025, would have vast authority to approve or block ...

10don MSN

Trump is bringing in enough revenue from tariffs to have a serious impact on the $37 trillion national debt, budget watchdog says

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

Government Executive3d

Spending transparency data posted by Trump budget office after court order

Wash., the vice chair of the Senate Appropriations Committee, said that the apportionment information must be “promptly made ...

WIBW on MSN1d

Advocates worry President Trump’s budget proposals would “decimate” disability rights services

Numerous programs are at risk of losing major funding as lawmakers consider President Donald Trump’s budget proposals, which ...

8d

President Trump’s spending bill could cost low-income El Pasoans $1,200 a year, CBO finds

Trump’s spending bill will cut aid for low-income families, costing most $1,200 yearly, while boosting wealthy incomes by $13 ...

2don MSN

Trump says the Smithsonian focuses too much on 'how bad slavery was'

A White House official told NBC News that Trump plans to expand his review of museums beyond the Smithsonian, which is based ...

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