Trump’s Budget Wouldn’t Erase Deficits, CBO Said

Under President Donald Trump’s proposed budget for fiscal year 2018, there would have been hundreds of billions of dollars in deficits each year from 2018 to 2027, according to projections from the nonpartisan Congressional Budget Office. That contradicts Acting White House Chief of Staff Mick Mulvaney’s claim that the U.S. “would actually be on a glide path to balancing the budget” had Congress enacted Trump’s desired plan.

CBO did say that deficits and debt would be lower under Trump’s plan than they would have otherwise been under law at