Economy News: CBO says tariffs will shrink the economy and add to inflation but reduce the deficit

Choose a language:

Economic News Reports

Details: Written by Bing News Search Results; Category: Economic News Reports; Published: 04 June 2025; Created: 04 June 2025; Last Updated: 04 June 2025

Nonpartisan Congressional Budget Office estimates that Trump’s tariffs would shrink the economy and add to inflation while reducing the federal deficit by $2.8 trillion.
Original Image Link
Source:www.msn.com

Posted: 2025-06-04 12:10:58

Get Full News Story On Bing Economy News Network

Listen to this article. Speaker link opens in a new window.
Text To Speech BETA Test Version.

More News From This Category
Economy News: K-shaped economy is 'alive and well,' expert says — what new research shows
Fri, 01 May 2026 16:07:58 +0000

The so-called K-shaped economy is becoming more pronounced, new data shows. In the aftermath of the Covid pandemic, the K has been used to illustrate Americans' diverging economic experiences: Higher-income households are increasingly better off, while lower-income households are falling further behind.
Original Image Link
Source:www.cnbc.com

Economy News: The US economy bounced back in the first quarter of 2026
Fri, 01 May 2026 16:07:58 +0000

Real GDP increased at an annualized rate of 2% in the first quarter of 2026, just below the forecast.
Original Image Link
Source:www.businessinsider.com

Economy News: US economy is putting young people off dating
Fri, 01 May 2026 13:07:51 +0000

Soaring prices for things such as food and drinks have pushed many young Americans out the dating pool altogether.
Original Image Link
Source:www.msn.com

Economy News: Economy picked up in early 2026, but inflation jumped, too
Fri, 01 May 2026 13:07:51 +0000

The U.S. economy grew at a 2 percent pace in the first three months of the year, as higher investment and a rebound in government spending buoyed business activity while consumers showed signs of fatigue amid rising prices.
Original Image Link
Source:www.washingtonpost.com

Economy News: Demand destruction: How the Iran war could rattle or break the US economy
Fri, 01 May 2026 10:07:52 +0000

The International Energy Agency warned this month that “demand destruction will spread as scarcity and higher prices persist.” In the US, this has already started.
Original Image Link
Source:www.cnn.com

Related Bing News Results
India Economy Resilient but Faces Rising Risks From Mideast War, Government Report Says
Wed, 29 Apr 2026 05:33:00 GMT
India's economy remains resilient ⁠but faces mounting risks from the Middle East conflict, which has disrupted supplies of energy, fertilisers and industrial raw materials, raised costs and weakened ...

How digital platforms have transformed the way we analyze global economic shifts
Mon, 27 Apr 2026 08:02:00 GMT
Digital platforms have changed how economists, analysts, and investors monitor and interpret global economic shifts. Learn how!

The Iran war's economic hit could linger through 2026, economists say
Mon, 27 Apr 2026 05:17:53 GMT
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.

China reports its economy grew 5% in the January-March quarter, largely shrugging off initial impact from the Iran war
Tue, 14 Apr 2026 17:00:00 GMT
The Gazette offers audio versions of articles using Instaread. Some words may be mispronounced.

2026 Economic Report of the President Released
Sun, 12 Apr 2026 17:00:00 GMT
The Economic Report of the President is prepared annually by the Council of Economic Advisers, providing a comprehensive review of the past year’s economic policies and their impact on current and ...

🔎 Search This Topic on Popular Platforms