The CBO just downgraded US economic outlook, warning of worse growth and rising debt. It’s the nonpartisan agency crunching the numbers.
The US government reported the costs of deploying National Guard and active-duty Marines to several cities in 2025, with Washington, DC, and Los Angeles being the most expensive. The deployments aimed to combat crime but faced legal challenges and fluctuating troop levels. The total cost exceeded $496 million.
Recent analyses show the US fiscal outlook has worsened modestly, with higher deficits and debt projections for 2026-2036. Key factors include recent policy changes such as tax cuts, tariffs, and immigration crackdowns, which have increased deficits and debt levels, raising concerns about long-term fiscal stability.
Over 53 million taxpayers have claimed new deductions introduced by President Trump’s tax law, resulting in an average refund increase of 11.1%. Many workers report receiving thousands of dollars more, but confusion and delays have caused some to miss filing deadlines and increased scam risks. The IRS is also facing staffing challenges.