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2025-09-13 00:46:31
The Congressional Budget Office (CBO) comments on Trump's tax, tariff, and immigration policies: Lowering its forecast for US economic growth, raising its inflation forecast, and raising concerns about rising unemployment. Taking into account US President Trump's tax, tariff, and net immigration reductions, the Congressional Budget Office (CBO) projects rising inflation and unemployment this year, and slower economic growth. The CBO projects that the US economy will grow by 1.4% in 2025, down from its January forecast of 1.9%, and inflation will rise to 3.1%, nearly a full percentage point higher than previously projected. The CBO predicts that by 2031, the US will need to rely on immigration to prevent population decline, with annual deaths exceeding births.
