{"id":20872,"date":"2025-09-14T14:15:16","date_gmt":"2025-09-14T14:15:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/20872\/"},"modified":"2025-09-14T14:15:16","modified_gmt":"2025-09-14T14:15:16","slug":"cbo-sees-lower-us-growth-higher-unemployment-due-to-trump-tax-law-tariffs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/20872\/","title":{"rendered":"CBO Sees Lower US Growth, Higher Unemployment Due to Trump Tax Law, Tariffs"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The Congressional Budget Office now expects higher inflation and unemployment this year and slower economic growth, after taking into account President Donald Trump\u2019s tax law, tariffs and lower net immigration.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The nonpartisan CBO\u2019s <a href=\"https:\/\/www.cbo.gov\/system\/files\/2025-09\/61236-Economy.pdf\" title=\"CBO\u2019s Current View of the Economy From 2025 to 2028\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">economic projections<\/a> released Friday showed the economy will expand 1.4% in 2025, down from a January estimate of 1.9%. Inflation will pick up to 3.1%, nearly a full percentage point higher than the prior estimate, based on the Federal Reserve\u2019s preferred gauge.<\/p>\n","protected":false},"excerpt":{"rendered":"The Congressional Budget Office now expects higher inflation and unemployment this year and slower economic growth, after taking&hellip;\n","protected":false},"author":2,"featured_media":20873,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,18477,11507,18478,113,1961,61,1629,1095,60,150,6717,1650,18479,18476],"class_list":["post-20872","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-congressional-budget-office","tag-donald-john-trump","tag-economic-growth","tag-economy","tag-federal-reserve","tag-ie","tag-immigration","tag-inflation","tag-ireland","tag-jobs","tag-law","tag-politics","tag-population-growth","tag-unemployment-benefits"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/20872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=20872"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/20872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/20873"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=20872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=20872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=20872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}