The Congressional Budget Office slashed its estimate of longer-term US fiscal savings from President
The nonpartisan agency now sees higher customs revenue contributing a $2.5 trillion cumulative reduction in budget deficits over the 2025-35 period relative to what the government would otherwise have logged. The CBO also tallies $500 billion in savings from reduced interest costs thanks to smaller budget deficits.
That $3 trillion in total savings over 11 years compares with a $4 trillion calculation made back in August, the ...