The federal government could be unable to pay its bills as soon as August if Congress doesn't act, the Congressional Budget ...

An analysis by the nonpartisan Congressional Budget Office showed that House GOP budget goals could not be reached without reducing spending on Medicaid.

The Congressional Budget Office estimates that the federal government could default on its debt as soon as August unless ...

The Committee for a Responsible Federal Budget has put out a press release on the report and will publish our full analysis ...

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 ...

The mix of slower population growth and unfettered spending will also result in weaker economic growth over the next three ...

Senate Republicans are hoping to vote on a budget resolution this week that would pave the way for President Trump’s “big, ...

The CBO made its prediction in its long-term budget and economic outlook report, which spans from 2025 to 2055. In the report, the CBO also said it expects publicly held debt to reach 156% of gross ...

Get to know Craig, a career civil servant and the Congressional Budget Office's new chief information security officer.

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

The U.S. government has until August or September to lift the country’s borrowing limit to avert a default on its ...

the Congressional Budget Office warned. The latest projection by the CBO was announced Wednesday. However, it explained that if the government's borrowing needs are "significantly greater" than ...