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CBO Chief Says Tariff Changes May Boost Deficit $1.1 Trillion
Workers unload from a freight ship in the dockyard at the Port of Detroit.Photographer: Matthew Hatcher/BloombergApril 27, 2026 at 8:14 PM UTCRecent shifts in US tariff policy may add $1.1 trillion to federal budget deficits over a 10-year period, though exact calculations aren’t yet possible, according to the director of the nonpartisan Congressional Budget Office.“We haven’t gotten to a point at which we’re comfortable making that kind of long term” estimate, CBO Director Phillip Swagel said in an interview with Bloomberg Television Monday.
How Will Increased Tariff Revenue Affect the Federal D...
When applied to imports, tariffs generate customs revenue that directly increases federal receipts and reduces borrowing; CBO's conventional accounting estimates the tariff changes from early‑2025 would reduce primary deficits by about $2.5 trillion and total deficits by roughly $2.8 trillion after accounting for macroeconomic feedbacks over 2025-2035 [1] [5]. CBO later updated ...
Should the Federal Reserve Under Kevin Warsh be Dancing Like It's ...
Former Global Chief Economist for JPMorgan Chase (Ph.D in Economics) & Current Global Keynote Speaker.
United States: Growth and Full Employment tested by Uncertainty
US growth remains robust, exhibiting strong momentum, but is still reliant on a narrow base – AI on the activity side and healthcare for jobs.
