CBO says Trump’s budget doesn’t balance federal ledger as promised

President Donald Trump speaks at a rally on June 21, 2017 in Cedar Rapids, Iowa. Trump spoke about renegotiating NAFTA and building a border wall that would produce solar power during the rally. (Photo by Scott Olson/Getty Images)

WASHINGTON — A new government analysis of President Donald Trump’s budget plan says it wouldn’t come close to balancing the federal ledger like the White House has promised.

The Congressional Budget Office report says that Trump’s budget, if followed to the letter, would result in a $720 billion deficit at the end of 10 years instead of the slight surplus promised.

CBO said Trump’s budget would reduce the deficit by a total of $3.3 trillion over 10 years instead of the $5.6 trillion deficit cut promised by the White House.

Trump’s May budget submission proposed jarring, politically unrealistic cuts to the social safety net for the poor and a swath of other domestic programs. Many of its recommendations were deemed dead on arrival and are being ignored by Republicans controlling Congress.