The U.S. economy is projected to grow at a faster pace over the next three years thanks to recent tax cuts and spending measures by the Republican majorities on Capitol Hill and signed into law by President Donald Trump, the Congressional Budget Office said Friday.
The nonpartisan agency now expects the economy to be larger through 2028 than it projected in January, with real gross domestic product ending the forecast period 0.1 percent higher than previously estimated. The upward revision reflects the net positive impact of three major policy changes: the 2025 reconciliation act, new tariffs on roughly 75 percent of imported goods, and…
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