According to the White House’s chief economist, President Donald Trump’s policies are projected to reduce US fiscal deficits by up to $11 trillion over the next decade. Stephen Miran, chair of the Council of Economic Advisers, stated that these policies could lead to a deficit reduction of approximately $8.5 to $11 trillion within a ten-year budget window. This forecast contrasts with analysts’ predictions of rising government debt in the coming years. These projections represent significant figures in the context of US fiscal policy.
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Trump Policies Will Cut Deficits Up to $11 Trillion, White House Economist Says
President Donald Trump ’s policies will reduce US fiscal deficits by up to $11 trillion over the coming decade, according to the White House’s chief economist — a projection that defies analysts who say government debt is poised to climb to record highs in coming years. n n“We calculate that, overall, the reduction in deficits as a result of the total suite of the president’s policies is going to be roughly $8.5 to $11 trillion over the 10-year budget window,” Stephen Miran , chair of the Council of Economic Advisers, told reporters on a call Wednesday. “Those are very big numbers.”