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 estimated that the U.S. faces the risk of defaulting on its debt in August or September if lawmakers don't act to raise the debt limit before then.

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 projects the Social Security shortfall will be 28% by 2055, based on a bizarre assumption ...

If lawmakers do not raise or suspend the debt limit before all extraordinary measures are exhausted, the government could ...

"The Congressional Budget Office estimates that if the debt limit ... measures" to delay a default for several months. The CBO analysis noted that if the government's borrowing needs are ...

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

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

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 a dramatic vote, House Republicans passed a $5 trillion budget framework that kick-starts the process for President ...