BUDGET

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BUDGET

Trump Facing Rising Deficits Even Before Tax Cuts, Spending Plan, CBO Report Says

Red Ink, Spending Rising Faster Than Last Year

Donald Trump faces rising budget deficit even before releasing tax cuts and spending plans. (Photo: Getty) (Photo: Getty)

Donald Trump hasn’t even begun to present his plan to Congress for tax reform and spending, but is still facing a steady rise in the budget deficit, according to a new Congressional Budget Office analysis.