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A Project of The Annenberg Public Policy Center

Mnuchin Spins Pre-COVID Path to Debt Reduction

Mnuchin Spins Pre-COVID Path to Debt Reduction

An analysis by the Congressional Budget Office contradicts Treasury Secretary Steven Mnuchin’s claim that before COVID-19 hit, the U.S. was experiencing “extraordinary” economic growth that “would pay down the debt over time.”

Buttigieg Gives Trump Too Much Blame for Debt

Buttigieg Gives Trump Too Much Blame for Debt

Democratic presidential candidate Pete Buttigieg blamed tax cuts backed by President Trump for creating the nation’s debt problem. But while those tax cuts are worsening the nation’s debt, spiraling deficits and debt over the next decade were projected even before those tax cuts were enacted.

Trump’s Budget Wouldn’t Erase Deficits, CBO Said

Trump’s Budget Wouldn’t Erase Deficits, CBO Said

Under President Trump’s proposed budget for fiscal year 2018, there would have been hundreds of billions of dollars in deficits each year from 2018 to 2027, according to the nonpartisan Congressional Budget Office. That contradicts White House Chief of Staff Mick Mulvaney’s claim that the U.S. “would actually be on a glide path to balancing the budget” under the plan.

Trump’s ‘Deficit Reduction’

Trump’s ‘Deficit Reduction’

White House press aides are claiming President Donald Trump’s budget contains trillions in “deficit reduction,” when it actually calls for larger deficits for the next several years.