Trump’s policies will add $1.4tn to US deficit over next decade, CBO says
Congressional watchdog warns that Washington’s public finances are ‘not sustainable’
Congressional watchdog warns that Washington’s public finances are ‘not sustainable’

Projection clashes with IMF estimates that rule out US making progress in lowering deficit

Fund’s forecasts suggest the country’s debt-to-GDP ratio will be at a record high by the end of the decade

Rating agency expects income from aggressive trade policy to offset tax and spending changes

Estimates by president’s Council of Economic Advisers come as Republicans make final push to pass legislation

President demands curbs to shareholder returns and pay but also holds out prospect of military spending bonanza

A supply chain crisis will hit ordinary Americans with higher prices at a time when they are already feeling stretched