Trump Policies Will Cut Deficits Up to $11 Trillion, Miran Says

President Donald Trump’s policies will reduce US fiscal deficits by up to $11 trillion over the coming decade, according to the White House’s chief economist — a projection that defies analysts who say government debt is poised to climb to record highs in coming years.

“We calculate that, overall, the reduction in deficits as a result of the total suite of the president’s policies is going to be roughly $8.5 to $11 trillion over the 10-year budget window,” Stephen Miran, chair of the Council of Economic Advisers, told reporters on a call Wednesday. “Those are very big numbers.” ...