The Congressional Budget Office (CBO) recently found that extending the 2017 Tax Cuts and Jobs Act (TCJA) and adding $1.5 trillion in additional ...

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 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.

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

The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even by late May - unless Congress acts to raise the nation's debt ceiling, the ...

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 ...

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

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 debt ...

specifically regarding the analysis of major legislation by the Congressional Budget Office (CBO). The CBO will be required to conduct an annual analysis for the first ten years after the ...