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.

WASHINGTON (AP) — The Labor Department has cut back on the inflation data it collects because of the Trump administration’s government hiring freeze, raising concerns among economists about the ...

President Trump's sweeping tariff plan would cut deficits by $2.8 trillion over 10 years while shrinking the economy, the nonpartisan Congressional Budget Office said.

U.S. economic activity has declined and higher tariff rates have put upward pressure on costs and prices in the weeks since ...

The data prompted U.S. President Donald Trump to reiterate his calls for Federal Reserve Chair Jerome Powell to lower interest rates. "It's a major gap between expectation and actual," Juan Perez, ...