U.S. Congressional Budget Office: The impact of the Iran war on energy prices is offsetting the economic boost from the 2025 tax cut policy.

"It appears that the higher energy prices affecting households have roughly offset the benefits of the tax cuts," he said. "Of course, this also has implications for business investment, inflation, and so on, all of which are intertwined. We have not yet conducted another budget update, so we have not completed the economic forecasts required to support this conclusion." (Bloomberg)