Diane Black

New study: Trump to inherit $559B deficit, stable economy

President Donald Trump has inherited a stable economy but a government that faces a worsening debt and deficit picture, congressional analysts said Tuesday.

The estimates from the nonpartisan Congressional Budget Office say the economy will hold relatively steady, with economic growth rising slightly to 2.3 percent this year and unemployment averaging less than 5 percent for the duration of Trump's term. It expects the budget deficit for the current year to register $559 billion, roughly the same as last year's.

Trump is promising higher growth as his administration curbs regulations, overhauls the tax code, and repeals the Affordable Care Act, former President Barack...

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