News

CBO says US budget deficits to widen, national debt to surge to 156% of GDP
The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by ...
Committee for a Responsible Federal Budget1d
Unpaid-for TCJA Extension Would Shrink the Economy, CBO Says
In a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act ...
Committee for a Responsible Federal Budget1d
CBO Estimates Deficit Up $44 billion, Spending Up $140 billion in 2025
The Congressional Budget Office (CBO) estimates that the U.S. borrowed $599 billion from January through March 2025 – up $44 billion from January through March 2024. Federal spending, as measured by ...
Bessent: CBO Scoring Is Like Enron Accounting, It's Not Real
Treasury Secretary Scott Bessent explains the administration’s new tariffs and economic policy in an interview with Tucker ...
U.S. economy is facing a long-term slowdown, crimped by debt and declining birth rates, CBO says
Weak population gains and higher government spending could hamper growth over the next 30 years, the CBO said Thursday.
CBO: U.S. could run out of money by August if debt ceiling isn't raised
If Congress does not raise the debt ceiling, the United States is expected to default on its bills in either August or ...
CBO warns of ‘fiscal crisis’ as federal debt set to hit record by 2029
The Congressional Budget Office is projecting that federal debt held by the public will climb relentlessly, breaking the country’s record in just a few years. The CBO released a long-term budget ...
US could run short of money to pay its bills by August without a debt limit deal, CBO says
The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...
CBO says mounting debt could slow growth, pose 'significant risks'
The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to ...
Trump tariffs could gross $800 billion in the next decade, CBO head says—but that doesn’t account for the backlash
As the Trump administration continues its tariff policy there are still too many variables to measure its net effect on the ...
The Hill4d
Don’t be misled about what’s driving our budget deficit
The latest Congressional Budget Office long-term projections demonstrate just how unsustainable our current fiscal trajectory is. This statement probably does not come as a surprise, but it ...