Trump Tariffs Could Slash Deficit by Trillions, With Modest Impact on Inflation, Economic Output : CBO

The nonpartisan agency’s analysis examines three possible scenarios under Trump’s proposed tariffs. Proposed tariff hikes by President-elect Donald Trump could significantly reduce the federal deficit over the next decade and would do so at modest cost to inflation and economic output, according to a new Congressional Budget Office (CBO) analysis, which is the highest-profile impact

House GOP unveils new funding bill to avoid shutdown, suspend debt ceiling

Washington — House Republicans are moving forward with a new plan to keep the government funded through the spring, hinting at a possible resolution to avoid a shutdown before Friday’s deadline with a vote expected as soon as Thursday evening. The House descended into chaos Wednesday when a GOP revolt spurred by President-elect Donald Trump