Trump’s budget officials project a 50% deficit reduction over 10 years, though outside analysts warn the forecast relies on aggressive assumptions that may prove difficult.
—
EXCLUSIVE:TheTrumpadministrationsaidFridayitprojectsfederaldeficitswillbecutinhalfoverthenext10years,attributingthereductionstoasweepingpackageofspendingcuts,newtradetariffsandregulatoryrollbacksaccomplishedinthefirstsixmonthsofPresidentDonaldTrump’ssecondterm.
Initsupcomingfiscalyear2026Mid-SessionReview,obtainedbyFoxNewsDigital,theOfficeofManagementandBudget(OMB)estimatesthatthegovernmentwillaccumulate$15.7trillionincumulativedeficitsbetween2026and2035,downfromearlierforecastsof$31.5trillion.
Inotherwords,PresidentDonaldTrump’sbudgetofficialsareanticipatinga50%reductioninthenation’sdeficitoverthenextdecade.
HOWTHECBOGOTITWRONG:TRUMP’SECONOMICBILLSETTOGENERATETRILLIONS,NOTDEBT
Asenioradministrationofficial,whospokeontheconditionofanonymity,toldFoxNewsDigitalthatTrump’s“pro-growthtaxreform,
