Jul 14 2017
The CBO estimated that Trump's budget would cause the federal budget deficit to shrink relative to the size of the economy over the next 10 years, ranging between 2.6 percent to 3.3 percent of gross domestic product during that period.
Trump's $4.1 trillion budget, sent to Congress in May, proposed to balance the budget by 2027. But in other cases when proposals lacked specificity, including a plan to save $139 billion by reducing improper government payments and $35 billion by easing financial regulations, the CBO and JCT didn't count the potential savings in their estimates.
"Nearly all of that (deficit) difference arises because the administration projects higher revenue projections - stemming mainly from a projection of faster economic growth", CBO said.
The annual budget deficit in 2027 would be about $720 billion under Trump's proposal, the CBO said in a report, not eliminated as promised by the White House, which has projected a $16 billion surplus.
Trump Talks Up Macron During Joint Presser
The CBO said did not take into account all of Trump's proposals that may affect the economy because "the details on numerous proposed policies are not available at this time".
"The reduction in deficits and debt under the president's budget would be achieved by decreasing both mandatory and discretionary spending significantly compared with projections under current law", the CBO said. Its projections included a $2 trillion math error, claiming the amount would be spent twice on balancing the budget and tax cuts.
The video echoes a talking point White House officials have used for months.
Republican Senator Susan Collins said: "I'm very concerned about the cost of insurance for older people with serious chronic illnesses and the impact of the Medicaid cuts on our state governments; the most vulnerable people in our society".
The Trump White House on Wednesday put out a video that attacked the Congressional Budget Office's accuracy in forecasting economic statistics - but the video itself misspelled the word "inaccurately".
5-year martial law 'too long — AFP spox
Even if the administration is keen on extending military rule, the decision would still rely on recommendation from the military and police.
Blow to Froome as Thomas crashes out of Tour
Slovakian Juraj Sagan, Italian Matteo Trentin and Australian Mark Renshaw also finished outside the time limit. Bardet is up to third overall, 51 seconds down, four seconds ahead of former Team-Sky man Uran.
Nitish Kumar denies rumours of tension in the Mahagathbandhan
The Congress should start work on an agenda only after the approval from other opposition parties, he said. Kumar was emphatic that his party had been following the coalition dharma and would always follow it.
Jul 13 2017
Kentavious Caldwell-Pope reaches deal with Lakers
He was considered the best remaining unrestricted free agent on the market after the Pistons renounced his contract last week. Even still, the expectations for what role Rondo would play with the Lakers is an interesting topic.
Jul 13 2017
Feds investigate explosion at USAF recruiting office
Local and federal authorities are investigating an explosion at a US Air Force recruiting office in Bixby, Oklahoma. If the incident is determined to be a case of domestic terrorism, the FBI will take over the investigation.
Jul 12 2017
The Price of the Oculus Rift Has Been Considerably Reduced
Before this year the Oculus cut its price. "Now is a good time for us to drive that next tranche of users into the hardware ". Oculus Touch controllers saw a similar price drop at the time, which brought the price for a full bundle to $599.
Jul 12 2017
Mahatma Gandhi's grandson Gopalkrishna Gandhi opposition candidate for Vice President
Soon after, he called back and conveyed his acceptance of the opposition leaders's decision and thanked them. The parties also briefly discussed the floor strategy for the upcoming monsoon session of Parliament.
Jul 11 2017
NSE glitch: Investors continue to face issues
Secondly, the system was expected to be rectified quickly and shifting BCP site would have taken longer time. The Finance Ministry has sought a report from SEBI on this issue. "NSE deeply apologises for the glitch".
Jul 11 2017
Trump's Monday Twitter Storm Echoes Fox News, Defends Ivanka
At the summit, the Trump praised his daughter, saying being the president's daughter puts her in a hard position. The former first daughter was quick with a response. "I am so proud of my daughter Ivanka ", he wrote.
Jul 11 2017
This Is the First Production Tesla Model 3
The striking similarity between the Model S and Model 3 when viewed at a right angle has caught the attention of many. Despite being mass-market, the auto is fast and accelerates from zero to 60 miles within six seconds.
Jul 07 2017
Top EU negotiator warns Britain won't enjoy 'friction-free trade' after Brexit
The warning comes on the eve of a meeting of business leaders and Brexit Secretary David Davis on at Chevening House in Kent. And business should assess, with lucidity, the negative consequences of the UK's choice on trade and investment.
Jul 07 2017
Wildfire breaks out near Breckenridge
Firefighters from Leadville, Vail and Park County are assisting in fighting the fire and Grand County firefighters are on the way. The Red Cross is operating an evacuation shelter at Summit Middle School located at 158 School Rd., Frisco.
Jul 06 2017
22 states abolish check posts post GST roll out
All other levies on entry of goods have been subsumed in the GST, thereby resulting in abolition of entry barriers in 22 states. The officers should be fully ready to deal with it so that there is quick response to any situation, the statement said.
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