CBO: Trump’s Budget Plan Wouldn’t Balance Federal Ledger As White House Promised

US President Donald Trump waves as he arrives for a meeting with French President Emmanuel Macron at the Elysee Palace in Paris, Thursday, July 13, 2017. Trump will be the parade's guest of honor to commemorate the 1... US President Donald Trump waves as he arrives for a meeting with French President Emmanuel Macron at the Elysee Palace in Paris, Thursday, July 13, 2017. Trump will be the parade's guest of honor to commemorate the 100th anniversary of the U.S. entry into World War I. U.S. troops will open the parade Friday as is traditional for the guest of honor. (AP Photo/Markus Schreiber) MORE LESS
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WASHINGTON (AP) — A new government analysis of President Donald Trump’s budget plan says it wouldn’t come close to balancing the federal ledger like the White House has promised.

The Congressional Budget Office report says that Trump’s budget, if followed to the letter, would result in a $720 billion deficit at the end of 10 years instead of the slight surplus promised.

CBO said Trump’s budget would reduce the deficit by a total of $3.3 trillion over 10 years instead of the $5.6 trillion deficit cut promised by the White House.

Trump’s May budget submission proposed jarring, politically unrealistic cuts to the social safety net for the poor and a swath of other domestic programs. Many of its recommendations were deemed dead on arrival and are being ignored by Republicans controlling Congress.

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