US Edition
Trillions in Government Debt Creates Weird Allies
- The White House disputes the Congressional Budget Office's prediction that Trump's tax package will increase the federal deficit by $2.4 trillion over ten years.
- Office of Management and Budget Director Russ Vought claims the package will reduce deficits by $1.4 trillion, not increase them.
- The Congressional Budget Office continues to face accusations of partisanship, particularly from the White House, which claims CBO analyses rely on faulty assumptions about tax cuts.
- Critics have described the bill as fiscally irresponsible, while Vought reiterated confidence in its passage despite opposition from some lawmakers.
21 Articles
21 Articles
Delta Democrat-Times
Trillions in government debt creates weird allies
It’s rather surprising that Republican President Donald Trump and Democratic stalwart Sen. Elizabeth Warren would agree on anything. Whatever their political differences, though, they have found one tiny barrier island of common ground: Both believe the federal government should abolish its debt limit.
Trump's budget chief says 'big beautiful bill' could actually reduce 'deficits and debt' by $1.4 trillion
Office of Management and Budget director Russ Vought defended the Trump administration's sweeping economic package on Sunday, pushing back on concerns it could balloon the national debt. Vought called it a "paramount fiscally responsible bill" and said the White House remains confident it will pass the Senate and reach President Trump's desk sometime in July, despite pushback from some Republican lawmakers and headlines over a major breakup betw…
Budget Director Russ Vought says CBO is 'wrong' about debt impact of Trump's 'big, beautiful bill'
White House Budget Director Russ Vought pushed back against the nonpartisan Congressional Budget Office's finding that President Trump's "big beautiful bill" would add trillions to the national debt.
We Can Immediately Pay off the Entire US Debt. Here’s How. - CEOWORLD magazine
President Trump recently said the US should pay off its debt before establishing a sovereign wealth fund. The truth is, the US is effectively financially paralyzed until the unsustainable $36 trillion debt is paid off. To illustrate the enormous size of the debt, it would equal approximately three football stadiums full of Elon Musks. Our […] The post We Can Immediately Pay off the Entire US Debt. Here’s How. appeared first on CEOWORLD magazine.…
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