The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by ...

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 ...

The Congressional Budget Office said on Thursday that making the 2017 tax cuts permanent and adding other tax breaks sought ...

Using this benchmark, we can attribute 71 percent of the 2025 deficit to spending policy decisions and 29 percent to tax ...

In December 2024, during his administration’s final days in office, former President Biden approved the “California waiver,” ...

House Republicans approve a budget blueprint that slashes Medicaid and child nutrition assistance to fund a 2017 Trump tax ...

In a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act ...

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if ...

If Congress does not raise the debt ceiling, the United States is expected to default on its bills in either August or September, the Congressional Budget Office warned.

If changes are not made to Social Security, the program will have to cut spending by 24% in less than a decade.

The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to ...