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It's growing by 2.4%. the rate of growth is slowing. in 2020, the projection slips to just 1.7%. that is not all. keep in mind, the president keeps saying 4, 5, 6%. these are the numbers we're actually talking about. the cbo has fresh projections now for the u.s. budget deficit, topping $1 trillion by fiscal year 2020. that is up, by the way, from $804 billion in 2018 and $981 billion in 2019. the spiking deficit courtesy of a $1 trillion in tax cuts and roughly $300 billion in new spending increases. and despite numerous promises from this administration, those tax cuts are not saving most am...

Legislation. now, the cbo projects that the u.s. economy is going to expand by 3.1% this year. this is down, by the way, of a previous forecast of 3.3%. but this year's growth is largely attributed to companies being flush with cash thanks to the tax cuts combined with a surge in trading ahead of new tariffs. looking ahead to 2019, the cbo sticks with its previous projection that the economy will slow to a growth rate of 2.4%. in 2020, just 1.7%. and this is not all. the cbo also has fresh projections for the federal budget deficit, which will top $1 trillion by fiscal year 2020. up from $804 ...

Of tapping the nation's strategic reserves. that is a move that they say would only give us temporary relief at the pump and quite frankly it would also be quite unprecedented. >> bret: kevin, thank you. to the federal government is reporting a surplus of $214.3 billion in april. primarily reflects revenue from the tax filing deadline. the treasury department says that the surplus increased, 17.4% from a year ago. still congressional budget office estimates that deficits will be $804 billion, a $140 billion increase from last year. investors like what they heard today, the dow gained 197, the ...

Competitors worldwide, we think we ought to move aggressively each year to make america more competitive, to make businesses more productive, to encourage more innovation and we are always looking for ways to make our tax code more family friendly. you know, just helping families stretch their budgets farther. our goal is every year to make our tax code and our country stronger. >> bret: all right. stretching budgets. you have the cbo out with budget deficit projections. and you take a look at the years. 804 billion in 2018. and it trickles up over a trillion dollars as you look down to 2028. ...

$804 billion this year, $1 trillion deficit by 2020. larry kudlow says not so, china may have blinked 3 times and offering trade concessions. and the move seen as an effort to defuse escalating trade tensions. donald trump predicting on twitter the two countries will make great progress together was the governors of 3 border states and national guard troops to the southern border but what about california? governor jerry brown refuses to force troops to the california border. >> the california national guard, the consensus of the governor. >> defining their own party when it comes to donald tr...