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".
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.
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.
Activist Mommy Rallies Prayers For Baby Charlie Gard
In the post, the president claimed the United States would be "delighted" to help Charlie in any way possible. The hospital will remove Charlie Gard from a life support machine against his parents' wishes.
Jul 13 2017
Marines, 1 Navy corpsman killed in Mississippi plane crash
The KC-130 transport aircraft crashed late on Monday in rural MS about 135km north of the state capital city of Jackson. The transport plane was moving personnel and equipment from North Carolina to a western base to train before deploying.
Jul 13 2017
Police Gear Up For Day 4 Of Search For Missing Men
Though the property owners don't appear to be the target of the probe, their son, 20-year-old Cosmo DiNardo , might be. The investigation has centered on sprawling farmland property in Solebury Township , where the search began Sunday.
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
Sleep Disruption Increases Alzheimer's Risk
Scientists found interrupted slumber raises levels of toxic proteins in our bodies that are tell-tale signs of the incurable disease.
Jul 11 2017
Destiny 2: Limited Edition White PS4 Pro Bundle Revealed, Preorders Open Today
If you are a true gamer and a fan of " Destiny " who hasn't yet upgraded to a PS4 Pro , this might be a great deal for you. The glacier white PlayStation 4 Pro will make its debut alongside Destiny 2 on September 6 , Sony has announced .
Jul 10 2017
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.
Jul 09 2017
France Industrial Output Rebounds In May
That was the fifth consecutive monthly increase and easily beat the consensus forecast in a Reuters poll for a 0.3 percent gain. Output data shows declines of 0.1 per cent for industrial production month-on-month and 1.2 per cent for construction.
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.
Jul 06 2017
Joey Chestnut Wins 10th Nathan's Hot Dog Eating Contest, Sets New Record
Record-setting eaters are gearing up to gobble at the renowned Nathan's Famous July Fourth hot dog eating contest in NY . Geoffrey Esper was gaining ground on Stonie by that point, and he was only one down on him with 3:30 to go.
Jul 04 2017
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.
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