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Trump immigration crackdown could spur U.S. population decline as soon as 2031

Data: Congressional Budget Office; Chart: Axios Visuals

The U.S. population will be smaller and grow more slowly than previously projected, a result of the Trump administration's crackdown on immigration, per newly revised Congressional Budget Office estimates out Wednesday.

Why it matters: It's an economic red flag, with the potential to drive labor shortages, higher prices and a crisis of care for the nation's elderly.

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