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CBO: Trump’s Budget Cuts Deficit $3.3T Over 10 Years—Still Runs $6.8T in Red(CNSNews.com) - The Congressional Budget Office released an analysis today [1] that concludes that President Donald Trump’s 2018 budget proposal [2] would cut the cumulative federal deficit by $3.3 trillion over the next ten years, but that even with that massive cut in the deficit the federal government would still run $6.8 trillion in the red during that period.Under current law, CBO projects the federal government will run a $10.112 trillion cumulative deficit in the next ten years—averaging more than $1 trillion per year. Source URL: http://www.cnsnews.com/news/article/terence-p-jeffrey/cbo-trumps-budget-cuts-deficit-33t-over-10-years-still-runs-68t-red