Congressional Budget Office, tariff
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Va., who is also on the Senate Budget Committee, about how President Trump's tariffs will affect the federal budget and the economy.
A Congressional Budget Office analysis finds President Trump's tariff policy could reduce the federal deficit by $2.8 trillion over the next 10 years, at the cost of shrinking the U.S. economy.
Congress's top budget scorekeeper released two reports Wednesday that, taken together, suggest tariff revenues could offset some or all of the multitrillion-dollar costs likely coming from Trump's "big,