- The Congressional Budget Office projected that the federal deficit would surpass $1 trillion this year for the first time since 2012.
- Economists say the Republican tax bill President Donald Trump approved in 2017 has driven a sharp jump in the federal deficit.
- But the White House is doubling down on the claim that the $1.5 trillion package will eventually break even.
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The US economy is expanding at a healthy pace, with the unemployment rate at its lowest level in half a century. So why is the government increasingly spending hundreds of billions read more >>>