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

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

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

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

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if ...

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 ...

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

The federal government could default on its debt as soon as August without action from Congress, the Congressional Budget Office (CBO) estimated on Wednesday. In the latest projection, the ...

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