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

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

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

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

The mix of slower population growth and unfettered spending will also result in weaker economic growth over the next three decades than what the CBO projected last year. Lower birthrates also mean ...

The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the ...

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 ...

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.

The nonpartisan Congressional Budget Office (CBO) recently released its long-term budget outlook and showed that budget deficits are on track to widen in the years ahead, pushing the national ...

The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even ...

The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...