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

The CBO report modeled the effects of permanently codifying the 2017 Tax Cuts and Jobs Act and reducing tax revenue by an additional $150 billion per year.

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

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 (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 ...

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

Speaker of the House Mike Johnson, with help from President Donald Trump, was able to narrowly pass a budget resolution. Here ...

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

Treasury Secretary Scott Bessent explains the administration’s new tariffs and economic policy in an interview with Tucker ...

Washington — Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, the nonpartisan Congressional Budget Office said Thursday.