News

GOP tax cuts add $6T to debt and hurt growth without spending cuts, CBO finds
The Congressional Budget Office said on Thursday that making the 2017 tax cuts permanent and adding other tax breaks sought ...
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 Budget2d
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 ...
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 ...
Opinion
Committee for a Responsible Federal Budget2dOpinion
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 ...
The Associated Press on MSN13d
US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
The mix of slower population growth and unfettered spending will also result in weaker economic growth over the next three ...
US faces default risk in August if debt limit isn't raised, CBO estimates
The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if ...
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 ...
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 ...
UPI14d
CBO: U.S. could run out of money by August if debt ceiling isn't raised
March 27 (UPI) --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.