The administration may have to cut spending in some areas of government in an effort to ease the nation’s fiscal woes, according to a report by the Congressional Budget Office.
But the budget office says the cuts won’t be as drastic as some Republicans and conservatives had been warning would be, and that it’s unlikely to cause a deep recession.
The nonpartisan office said it’s possible the spending cuts would be “costly,” but said that they would not cause a long-term economic recession.
It said they would likely be offset by some tax revenue growth.
Trump has been trying to cut the national debt, which is $18.7 trillion, by eliminating some programs, including Medicare and Social Security, which are set to expire in 2023.