'The nation's finances have deteriorated' since Trump's took office, CRFB says, gaming out the scenarios up to a $28.5 trillion deficit

“The nation’s finances have deteriorated” since President Trump took office, driven by sweeping legislative and trade policy changes, according to the Committee for a Responsible Federal Budget (CRFB). The nonpartisan watchdog noted that the Congressional Budget Office’s January 2025 budget outlook “already showed a worrisome fiscal outlook,” but developments since mean a widening deficit. The CRFB gamed out several scenarios , including an adjusted baseline which accounts for “most legislative and administrative changes but not economic and technical changes.” The CRFB also included alternative scenarios by which the Trade Court’s ruling is upheld that many of Trump’s tariffs are illegal , temporary provisions of One Big Beautiful Bill Act are made permanent, and yields on Tre